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Tech’s Wealthy Enclaves Hurt the Country–and Tech Itself
- Nokinside 10y agoEconomies of agglomeration explains why this is a good thing. The negative effects for tech are the result urban development failures. The concentration of tech into few places is not a negative by itself. It's essential for better productivity and economic growth. Economic activity is concentrating on large cities. This is global development. Cities have better productivity than, small towns. Bigger cities have even better productivity than normal cities. High-tech industry feels the need to concentrate even more. Currently the only way people can build a hivemind is to get together around best universities.