Talent is America’s most precious resource—it’s time economic development organizations focus more on developing it

Wednesday, December 11, 2019

In his recent book, The Gift of Global Talent, Harvard economist William R. Kerr argues that talent is the world’s most precious resource. Across America’s network of regional economies, this is undoubtedly true. The collective knowledge and capabilities of the U.S. workforce is worth an estimated $240 trillion—four times more valuable than the country’s physical capital stock and ten times more valuable than all the urban land in the United States.

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