I relocated to Colorado a decade ago, swallowing the cost of living salary decreases, but I'm coming out better in terms of quality of life. If California, for a split second, achieved even close to the affordability for quality of life as CO, I would move back.
But tech can also pick up and leave much faster and required less reason to stay clustered (factories, transporting materials, supply chain etc). Add in the fact the world in general turns faster, I don't think SV can keep the tech industry for how long Auto Manufacturing remained in the Mid-West.
That is essentially the main study of the today’s time: set & setting.
We don’t outright ban these like the way our parents did, but we don’t know how to consistently trigger good outcomes for a variety of personalities. The only way to resolve that is by testing and controlling for set and setting.
GPS?