High-skilled workers in small towns are a ‘waste of resources,’ says controversial Princeton study

A study by economists at Princeton and the Fed suggests turning big cities into hubs for “cognitive” workers. Critics immediately blasted it as elitist. It would be more efficient if big cities like New York and San Francisco were transformed into “cognitive hubs” for white collar work, even if that meant paying other workers to stay away, according to a new study from economists at Princeton University and the Federal Reserve. Read Full Story