The startups recently are probably partly due to the decline, and the projected improvement. People with money can capitalize on cheap locations to do what they want, because the people who don't have money are gone.
And they're not all moving to one place, and of course there's evidence both ways, but smart people typically want to educate their kids well. Our schools have been slipping a lot for quite a while. Meanwhile, the rest of the world is catching up rapidly for the first time in who knows how long. How much you equate to coincidence and how much to causes A-ZZ varies by person, of course, but I really do think this is part of it.
> And they're not all moving to one place, and of course there's evidence both ways, but smart people typically want to educate their kids well. Our schools have been slipping a lot for quite a while.
What definition of "our" are we using?
Are Palo Alto's public schools slipping? Are the private schools in the valley slipping?
Or, are you talking about universities? How many countries have 4 schools that would be considered top 50 in the US? How about 10?
The startups recently are probably partly due to the decline, and the projected improvement. People with money can capitalize on cheap locations to do what they want
Spot on. Also, they want to take advantage of the downturn -- history has shown that if you make a successful startup in a downturn, when the economy comes back, it brings the company with it. Google's an example.
And they're not all moving to one place, and of course there's evidence both ways, but smart people typically want to educate their kids well. Our schools have been slipping a lot for quite a while. Meanwhile, the rest of the world is catching up rapidly for the first time in who knows how long. How much you equate to coincidence and how much to causes A-ZZ varies by person, of course, but I really do think this is part of it.