Timothy B. Lee uses San Francisco as a case study. With freer housing policies, he claims the Bay Area would have 11 million rather than 7 million residents:
Among those extra 4 million people would likely have been hundreds of thousands of additional engineers starting new firms or expanding the Google and Facebook workforces. In short, the reason there’s too much money chasing too few businesses isn’t that the country is running out of people with good technology ideas. It’s just that bad housing policies mean that there’s nowhere for additional people to live.
via The Daily Dish | By Andrew Sullivan http://andrewsullivan.thedailybeast.com/2012/05/is-a-lack-of-housing-preventing-innovation.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+andrewsullivan%2FrApM+%28The+Daily+Dish%29