Thanks for posting this. It proves that I'm not insane. I've noticed for some time now that any increase in income in a region tends to largely be extracted as

Thanks for posting this. It proves that I'm not insane. I've noticed for some time now that any increase in income in a region tends to largely be extracted as land rent and now I know that I'm not even close to being the first to notice this. It's sort of incredible to me that our industry is so beholden to this. Computer-related tech should be the least beholden to rent of almost any industry since we have this Internet thing that allows us to communicate instantly over long distances. But ours actually seems to be among the more geo-concentrated industries.