then a lot of us have no future. There are 382 metro areas in the United States. From 2005 to 2017 just five of them accounted for 90% of the tech jobs that were created, reports the Wall Street Journal:
Just five metropolitan areas—Boston; San Diego; San Francisco; Seattle; and San Jose, Calif.—accounted for 90% of all U.S. high-tech job growth between 2005 to 2017, according to the research by think-tank scholars Mark Muro and Jacob Whiton of the Brookings Institution and Rob Atkinson of the Information Technology and Innovation Foundation.
The nation’s 377 other metro areas accounted for 10% of the 256,063 jobs created during that period in 13 high-tech industries such as software publishing, pharmaceutical manufacturing and semiconductor production. Among the smaller cities that gained tech jobs were Madison, Wis.; Albany, N.Y.; Provo, Utah; and Pittsburgh. Some prominent cities— including New York and Austin—lagged in tech job creation, according to the study.
Over that period Chicago and Los Angeles have actually experienced a decline in the number of tech jobs.
I would speculate that the reason for the phenomenon is two-fold: nameplates and money. Most of the increase in tech jobs has been concentrated in a handful of companies—Microsoft, Amazon, Google, Facebook, etc.—and those companies are concentrated in those metro areas and it’s easier to get financing for your start-up if you are located in one of those metro areas.