Tech Jobs Keep Moving Out of California. Don’t Panic: Justin Fox

It has been a weird four years for California’s technology sector. It boomed early in the Covid-19 pandemic as people in the US and around the world geared up for remote work and directed their spending to online services (games, streaming, spin classes, etc.) they could consume without leaving home. But that rise in remote work, combined with highest-in-the-nation real estate costs, strict pandemic rules and other factors, also led to something of an exodus from the state’s coastal cities, with high-profile departures of tech leaders in 2020 and 2021 and even occasional claims that the San Francisco Bay Area’s reign ...