One way of putting this: if by creating job opportunities in distressed places, we are able to get unemployed or underemployed people into more or better jobs, we are increasing the sustainable national employment rate w/o excess inflationary pressures: www.liberalpatriot.com/p/helping-pe...
This column is the first in a series on place-based jobs policies.
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Third, the article mentions as one option accepting the death of distressed places. Yes, for some small places, maybe one could help everyone leave. But in (1) for most distressed places, most people won't leave, and (2) when people leave, those left behind are no better off.