The article highlights a significant demographic shift in San Francisco, with the share of 20-somethings declining from 18% to 14% over a decade. This drop raises questions about the city's economic trajectory, as it seemingly reflects both affordability issues and a potential loss of young talent, particularly in the tech sector. The author emphasizes that the city's cultural vibrancy hinges on retaining a youthful population, suggesting that the loss of young residents could lead to a diminished social atmosphere and economic innovation.
Overall, from 2013 to 2023, the share of 20-somethings in San Francisco County dropped from about 18% of the population to about 14% - the largest such decline of any major U.S. county and nearly quadruple the national drop.
San Francisco is believed to have lost plenty of high-earning young tech workers to the only major urban center stateside that's more expensive than it.
When you are young, you want to be with people your age. You want to have fun. And everything else that comes with it. I am not young (in years) anymore but my 20-something friends grumble about the social drought.
US AI companies should spend 100% of their time developing and innovating vs hanging out in DC begging for protection from competition. It's a bad look that unveils a clear lack of self-confidence.
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