For years there& #39;s been a joke in tech: "we& #39;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 & #39;are you driven enough to live here?& #39; be overtaken by & #39;I can& #39;t live here no matter what& #39;? 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& #39;t need to pay SV office rents, and they don& #39;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