CFR fellow Michael Levi, one of the smartest people in this business, tweeted that the numbers in Joel Kotkin’s post referenced here on Via Meadia are off.Here’s the Levi tweet:
I wish it were so. Kotkin numbers look off by >2X -include royalty recipients as employees. Ditto w wages- ~60k, good, but not 100
Kotkin and Levi both know what they are doing; Via Meadia will wait for the dust to settle and make sure our readers know where this comes out.