That's why companies are migrating to Texas, Missouri, South Dakota, North and South Carolina to take advantage of tax incentives, fewer regulations and a higher quality of life for employees?
This happened in Asia years ago. Hong Kong was the financial center of Asia. Now it's Singapore. Industries are migrating in the United States as well. The most impressive medical research facility isn't in Boston or SFO, it's the Stowers Institute in Kansas City. I couldn't believe what I saw there. With the cost of drug and device development skyrocketing to $2billion+ per approved drug, companies which are dependent on investment are going to lower cost locales. We live in a mobile world and things change and companies move. Hell, Detroit was once the richest city in the country with its Auto Manufacturing, but with manufacturing facilities in MI, AL, KY, TN, TX, IN, OH that wealth has been dispersed. We all know what a hellscape Detroit has been the last two decades.
Let's eliminate the engineering schools in CA and MA, and you still have Purdue (IN), GA Tech, VA Tech, Carnegie Mellon, Michigan to name a few, all world class engineering institutions which focus on industry application than pure research. Or, Colorado and South Dakota School of Mines, industry specific engineering only schools that have amongst the highest starting salaries and most coveted students in the United States?
Many of the CA and MA schools are a like a Maserati. Great brand name, but when you look under the hood and overall quality, it's junk. As many of my staff have shared to me, all people who attended Ivy League Institutions (and CalTech, CalPoly, Standford,Duke, etc), to a person they said the hardest part of those schools is getting accepted. Once you're in, you're guaranteed a 4.0 with minimal effort. Also, I'll save you the $400k in tuition and share the number one lesson they learned at these schools: "You have a responsibility to take care of your classmates and fellow alumni upon graduation."
These inflated white collar salaries are beginning to disappear. Software Engineering, IT, Cyber Security, Accounting, Finance, Legal and even certain specialties of doctors and nurse are getting replaced by AI. This is being discussed by the C Suites at Meta, Amazon, Microsoft, Oracle, etc how in the next ten years upwards of 80% of jobs in the industries could be replaced. You could be next. I can only imagine how you'll deal with having to associated the hoi polloi.
If CT is the land of Milk and Honey, why are people moving out? Never addressed that one...