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For years there's been a joke in tech: "we're hiring engineers to build a revolutionary communications platform that will make distance meaningless. Must be willing to relocate to Silicon Valley." 1/
And in parallel, for years people wondered if the exploding cost of living and declining quality of life in Silicon Valley would force companies to start moving out. When would 'are you driven enough to live here?' be overtaken by 'I can't live here no matter what'? 2/
And now, we will find out. How many Silicon Valley companies will come out of months of forced remote work and decide that actually, they don't need to pay SV office rents, and they don't need to pay salaries to support housing costs 50% higher than London or NYC? 3/
So, this could be a catalyst for an acceleration in the global diffusion of software companies. /fin
