Most of the high-tech urban areas in the Exponential Age are living proof of the way talented people from across sectors flock to cities – a process known as ‘agglomeration’. Every year, thousands of tech workers migrate from around the world to San Francisco. As a result, technology companies are willing to shell out for the eye-watering cost of doing business in San Francisco (or London, or Paris) because they are getting the benefit of an incredibly skilled labour pool. Otherwise, they would move to smaller towns or the countryside and enjoy a lower cost of living.
