5 ms·

The press loves a clear winners and losers story. The reality is more complicated. Tech was never zero sum and it turns out the tech population within the Bay A

• JumpCrisscross 3y ago
  > press loves a clear winners and losers story The article directly addresses this: “A lot of tech innovation still happens in places like the Bay Area—witness the highly concentrated boom of new artificial-intelligence companies there. But as the tech industry as a whole has matured, it is following the pattern of every previous industrial revolution: knowledge, capital and talent is spreading out, across America and the world.”
  • pj_mukh 3y ago
    Headline literally has the word “losing” in it. Hehe. But because the data doesn’t bear that out gotta hedge bets in the article, as long as you’ve got the clicks.
    • JumpCrisscross 3y ago
      > Headline literally has the word “losing” in it Losing market share threatens “hub” status. That doesn’t mean everyone is miserable. But there is a real story in the data someone who reads the article will glean. > as long as you’ve got the clicks The Journal makes money on subscriptions. You’re describing publications that cater to people who don’t pay for news and don’t read articles.
      • lotsofpulp 3y ago
        WSJ, like pretty much all media, earns money from both ads and subscriptions. They have ads in the middle of Apple News+ too. And I assume they get paid somehow for “submarine” or PR articles. https://paulgraham.com/submarine.html https://paulgraham.com/submarine.html
        • JumpCrisscross 3y ago
          > I assume they get paid somehow for “submarine” or PR articles Submarines aren’t paid for directly, particularly not at reputable publications. They take advantage of journalists’ desire for convenience, not revenue.
• almost_usual 3y ago
  My empirical evidence is young people move here to develop their careers and move away when they start a family. Those who stay make it work because they really enjoy the Bay Area or aren’t interested in having kids.