might suggest. In fact, they didn’t leave the state of California. Instead, they bought and settled into a five-bedroom house in Yucca Valley, next to Joshua Tree National Park. “We thought about moving to other states,” Berrios says. “But California just checks all the boxes.” California, with the world’s fifth-largest economy, has topped the U.S.
While exits from San Francisco in the Q2 through Q4 of 2020 were 31% higher than during the same period in 2019, there was no pronounced change or evidence of a California exodus. More than three-quarters of San Franciscans who moved in 2020 stayed in the state. For the past 80 years, Silicon Valley has powered the economy of the San Francisco Bay Area, attracting a highly-skilled talent pool from top universities and research institutions, providing easy access to venture capital , and creating a culture that encourages serendipitous ideas with a high tolerance for failure.
Some tech employees and founders did move from the Bay Area to Southern California, but there appears to be room in that region for two dominant industries. Hollywood and technology companies are increasingly joining forces in Los Angeles, giving birth to an array of streaming services — from Netflix and Apple TV+ to Paramount+, Disney+ and Hulu.
Wow someone got paid to right a fluff piece on California. Haha
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