Blue states have traditionally been the areas where the tech sector has flourished – in part because of their proximity to world-class universities like Stanford and MIT.
Is the tide shifting?
California’s once-dominant lead in high-tech jobs has been shrinking in recent years.
A new study from venture capital firm SignalFire looked at tech workers who relocated in the last two years and found that the three biggest loser cities were San Francisco, Seattle, and Boston. Surprisingly, New York gained the most – followed by places like Austin, TX, Fort Lauderdale, FL, and Tampa, FL.
Why the departure from the San Francisco Bay Area? As one tech executive told the WSJ: “San Francisco is no longer a livable city.”
Just another example of our CTUP theorem: Progressives eventually destroy everything they touch.