Decentralization comes in many forms. We are starting to see geographic decentralization in terms of the economy and production in certain industries. Austin is certainly becoming a threat to Silicon Valley (just like S. Florida is starting to affect Wall Street with many firms relocating there).

Technology allows for this. CA had the advantage of growing since the Gold Rush 150 years ago. As the population grew, so did its power. That is reversing. People are moving out due to a variety of reasons.

We will see this continue as the work from anywhere move starts to really take hold. Things will be a lot different in 20 years.

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