What is unique to California is not the success or wealth of the ascendant industry, but the incredibly poor policy response. There are many cities in the world

What is unique to California is not the success or wealth of the ascendant industry, but the incredibly poor policy response. There are many cities in the world in a similar or even more severe situation than California cities, with regards to successful industries that pay high salaries. Bankers and traders still make more money than software engineers.