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Comment by beatpanda | Hacker News Reader

I really wish Sam Altman et all would stop both encouraging and requiring teams they fund to move to the Bay Area, because it is distorting the life out of the economy here and ruining the lives of everyone not employed in the tech industry. And before you ask, no, the attendant increase in service industry jobs does not balance out the damage done by the software industry. There are other places that need the economic boost, and we're full. Thanks.

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I think yours is a very selfish attitude. The people and the atmosphere in San Francisco and Silicon Valley are some of the biggest assets and they cannot be found in the same way in any other cities.

The only thing other places lack is startup capital, which isn't available in other places because people with said capital will only invest in companies willing to relocate to the Bay Area. If those investors would stop forcibly concentrating their entire investment portfolio here, there might be a chance at other places developing vibrant technology ecosystems.

I'm assuming "the people and the atmosphere" you're referring to are the people and the atmosphere that has completely displaced the social life of this part of the world that existed before it became a colony of billionaires playing monopoly. Many of us moved here seeking a different 'people and atmosphere' which, having been displaced, now only exists as a memory.

And caveat emptor to anyone responding to this, "you have to embrace change!!!" is exactly equivalent to "I don't give a shit what happens to poor people."

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