Whether due to the COVID-19 pandemic, high taxes, expensive real estate, rising crime rates, declining quality of life, or all of the above, San Francisco and Silicon Valley are losing their luster. Many companies are leaving Silicon Valley.
A recent anonymous survey determined that two-thirds of tech workers would consider leaving the Bay Area if they were given the option to work remotely. And, in a campaign to promote remote work, a Silicon Valley startup company is offering qualified applicants $10,000 to leave the Bay Area and work remotely.
It remains unclear what San Francisco and Silicon Valley will look like in 10 years, but government initiatives will undoubtedly be required to stave off further declines in quality of life—and a population exodus.