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I see this going one of two ways. Either tech decentralizes and spreads out into places like Atlanta, Austin, and Nashville, or these jobs continue to further
by throwaway713 8y ago
I see this going one of two ways. Either tech decentralizes and spreads out into places like Atlanta, Austin, and Nashville, or these jobs continue to further concentrate in SF/NYC/Seattle and the other cities fall way behind.
In the first case, I think it's likely that inequality will continue to increase across the U.S. and the median American will be worse off for it; i.e., there will be a positive feedback loop where winner cities take all.
In the second case, I think inequality will decrease, and the tech industry (and similar "big city" industries) can play to each region’s cultural strengths. I think this inter-city competition would be a positive effect and lead to accelerating innovation across a variety of different fields. Judging by recent Amazon/Google news though, I fear the first case is more likely to happen.
- Cyclone_ 8y agoI agree, I'll also note that it seems with all of the modern communication tools that satellite offices in secondary and tertiary markets wouldn't be as big of a deal now as it would have been 20 years ago.
- closeparen 8y agoIt’s also no longer necessary for satellite offices to duplicate headquarters functions. The work done at HQ is infinitely reusable. HQ has near-perfect visibility into the goings-on at each office, so they no longer need independent decision making capability. And the economics have changed to favor quality over quantity: 100 top engineers are better than 1,000 cheap ones. Where are you find the highest concentrations of top talent?