California has a huge economy with a lot of network effects that draw and hold people there. Going remote and geographic diversification of industries will help

California has a huge economy with a lot of network effects that draw and hold people there. Going remote and geographic diversification of industries will help people escape the California rent trap. SpaceX is leaving. VCs increasingly fund startups anywhere or fully remote. Software companies are going remote. It’s happening. COVID has accelerated some of these trends a lot, especially remote.