Silicon Valley / SF have had a stranglehold on the digital economy for the last 20-30 years -- nearly anything that touches electrics or software had a "tax" where some portion of that innovation flowed back as cash. With covid / the great reset, I've seen so many leave the bay area now that they can work remote. It's occured to me that SV / SF will need to reinvent itself and be in a rough patch for a couple years.…
There’s a fine line with this though — the advantage of hiring Americans in the Midwest versus hiring in Europe and Asia needs to be solidified somehow.
1. Many great workers either won't or don't want to live in SV. I've known a bunch of them, over the years. Moving more development to where these folks are brings them in to the fold.
2. The people in SV don't represent and aren't regularly interacting with most of America or the world. They are in a different bubble. The majority is part of the out group to them. Hiring people in distributed places means you hire people who are more likely to interact and relate to the majority. Relating to people that will use technology is useful when building solutions.