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The urban dysfunction of the San Francisco Bay Area in the United States and a desire for lower taxes have prompted some tech companies and investors to move from the Bay to Austin, Texas. Pictured here is the Texas state flag. Ray Shrewsberry/Pixabay
Texas is making another bid to become America’s technology hub. It will be an uphill battle, to put it mildly. But one seemingly small policy tweak could give the state a big boost in its quest to lure the tech industry: banning the enforcement of noncompete agreements.
In the 1970s, Austin established itself as a technology cluster but never attained the heights of Silicon Valley or Seattle. To do that, a city needs a critical mass of talented engineers, big employers and venture capital. Now, the urban dysfunction of the San Francisco Bay Area and a desire for lower taxes have prompted some tech companies and investors to move from the Bay to Austin. Elon Musk’s companies, Tesla and SpaceX, are probably the most notable big c
A Sliver of Hope for California Details
NEW GEOGRAPHY-In the minds of most progressives, as well as some horrified conservatives, California is the harbinger of America’s future.
Governor Gavin Newsom sees his state as a model, claiming California is “the envy of the world” and
the great bastion of social justice. “Unlike the Washington plutocracy,” he boasts, “California isn’t satisfied serving a powerful few on one side of the velvet rope.”
Yet it is ever more clear to ever more Californians that our state is becoming exactly the vast gated community Newsom warns about. As Ali Modarres showed in “The Demographic Transformation of California” (2003), the “shared prosperity” of the Pat Brown years were based on a broad-based economy spanning the gamut from agriculture and oil to aerospace and finance, software, and basic manufacturing. In contrast, the Newsom progressive model is built largely around one industry