Startups Ditching Silicon Valley For New Cities (economist.com)

The rising cost of living in Silicon Valley is pushing startups out, the Economist reports, and re-focusing innovation in new cities around the country [Editor's note: the link may be paywalled; alternative source]. From the story: More Americans are leaving the Valley than moving to it. In 2017 several counties in the area saw their largest combined domestic outward migrations in around a decade. In a recent survey by the Bay Area Council, a think-tank, 46% of Bay Area residents said they planned to leave in "the next few years," up from 34% in 2016. This is not just a case of people of more modest means being pushed out by carpet-bagging techies. At this year's "FOO camp," a freewheeling annual gathering of hackers and others, a session called "Should I/you leave the Bay Area?" saw a strong turnout. Participants shared their gripes about the high cost of living, bad traffic and a "toxic" culture obsessed with money.

Comments

Re:Makes perfect sense

[PPH]

Plenty of "chicks".

Re:Makes perfect sense

[PopeRatzo]

But once you're 35, the 'night life game' starts to become pretty unimportant

That's true. For me, wild nightlife means putting a few drops of cannabis oil in my CPAP machine.

Forget the wall about Mexico

[Anonymous Coward]

We need to build a wall around Silicon Valley for keeping those fuckers in. Every city those techies go they destroy the social fabric.
Better to keep then walled in all in one place. Bonus if it's a desolated place with no running water.