The New Economy: Source of Innovation and Creativity

“The idea that so many people could move money around and make so many millions seemed economically unreasonable. Moving those people on to other pursuits is going to be much better for our economy.

“I see this as a recalibration. Economic crises are a source of great innovation. It forces people to apply themselves to do more to add to productivity.”

--Richard Florida, author of "The Rise of the Creative Class" and director of the Martin Prosperity Institute at the University of Toronto’s Rotman School of Management.

Florida says the expansion services in the past decade soaked up talent from other industries. The economic crisis will change things, perhaps, for the better.