The article directly addresses this: “A lot of tech innovation still happens in places like the Bay Area—witness the highly concentrated boom of new artificial-intelligence companies there. But as the tech industry as a whole has matured, it is following the pattern of every previous industrial revolution: knowledge, capital and talent is spreading out, across America and the world.”
Losing market share threatens “hub” status. That doesn’t mean everyone is miserable. But there is a real story in the data someone who reads the article will glean.
> as long as you’ve got the clicks
The Journal makes money on subscriptions. You’re describing publications that cater to people who don’t pay for news and don’t read articles.
Submarines aren’t paid for directly, particularly not at reputable publications. They take advantage of journalists’ desire for convenience, not revenue.
The only real zero sum game here remains real-estate, the bulk of the people missing out from all this growth are lower middle class non-tech workers getting pushed out of metro cities.
[1] https://fortune.com/2023/12/20/san-francisco-population-rise...