This argument has been made for decades. Isn't it about time we realised that people live somewhere amongst social capital they have built up throughout their lives. And therefore business capital should move where the people are - to avoid damaging that social capital. Not the other way around. Ultimately people work to live. Those who live to work are a tiny minority. With modern technology there is little excuse.…
It's often the case, but SF, NYC, London are very popular outliers, so why can't other regions be?
It's not social capital, it's expected quality of life that makes people move to NYC for work and makes dilapidated areas unattractive.