In another sign that Silicon Valley isn’t as gilded as it once was, more tech workers want to leave, according to the Woo data. Almost 30 percent of Bay Area workers surveyed in the first quarter indicated they wanted to relocate, compared with 22 percent in the quarter before. New York was highest in demand.There are a number of growing tech hot spots outside Silicon Valley, May said, most of which have a lower cost of living. And that ties into the fact that people surveyed are putting a greater emphasis on work-life balance. “People are changing their priorities,” he said.There’s evidence the exodus away from Silicon Valley has started already. In 2014 more people left Silicon Valley than moved in, for the first time since 2011, according to a study by the Silicon Valley Competitiveness and Innovation Project. More than 7,500 residents hit the road, the study found. The researchers blamed quality of life issues such as skyrocketing housing prices and increasing traffic congestion.
It’s time for Silicon Valley to progress to the Information Age — using the information and communications technology it innovated — and out of the Industrial Age model of centralized commuter offices and mega corporate campuses. This technology now allows information workers to do the same work they do in Silicon Valley in the cloud. That way, they can skip the daily commute and live where housing is more affordable.