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The Overlooked Americans: The Resilience of Our Rural Towns and What It Means for Our Country The Overlooked Americans: The Resilience of Our Rural Towns and What It Means for Our Country by Elizabeth Currid-Halkett
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“In 2021, agriculture generated just 0.8 percent of the United States’ GDP. Contrast this figure with the financial sector at 22.3 percent, professional and business services at 12.8 percent, and retail at 5.7 percent.21 Today, our primary economic generation comes through the trade of knowledge, intangible capital, and technological innovation, all of which are concentrated in our urban centers, what the Nobel Prize–winning economist Paul Krugman calls the New Economic Geography.22 Unlike what Tiebout’s model assumes, people who live in Appalachia or the poor neighborhoods of the South Bronx aren’t able to simply pick up and go where they choose.”
Elizabeth Currid-Halkett, The Overlooked Americans: The Resilience of Our Rural Towns and What It Means for Our Country