But, this could also be quite positive for the bay area. By reducing the number of jobs, It might finally provide the housing relief the bay area so desperately needs.
If the bay area continues its absurd aversion to adding housing or transportation, some other cities are definitely going to eventually pick off all the jobs till the bay area looks like Detroit or 1970s New York. You can stay #1 just by already being #1, exploiting the chicken-and-egg problem, for a while, but not forever.
San Francisco provided good jobs way before the tech revolution.
I would bet they had better union jobs before tech moved in.
You could always live in the outlying areas to commute, and not spend all your money on rent.
Tech bosses decided they liked San Francisco, and the rich enclaves like Marin County.
They decided to set up shop, and hire like no tomorrow. I have never seen more money just thrown away, except in certain areas of government. This did make things worse for a lot of workers. I don't want to say blue collar workers because a lot of you fancy yourselfs as white collar. White collar will always be able to move across the county and find a new shiny job? The problem is your not really white collar. This bubble will end. All those frameworks you memorized will become useless. You will be eventually looking for a union job, or any job. Good luck.
Yes--San Francisco has always been a tough housing market. I think tech needs to worry about where they are going to move to when the current party is over. I'm for better transportation, and more low income housing. All I'm saying is the influx of tech workers did not make the Bay Area better for a lot of us. Tech moved fast and loud, and did disrupt life. It kicked out many with the Ellision Act. It added to traffic. Many displaced workers who didn't look like a young Bill Gates couldn't get that shiny new job. Even those that could probally do a good job.
Truthfully, I think it will just spread more in the bay area. You have all the talent concentrated and you have people commuting far each way. Companies can just start popping up in concord, vallejo, and gilroy (just random examples. I have no clue how much real estate cost there) because it would be easy to get talent from the bay area and might shorten commute for some.
