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Mass Exodus From Silicon Valley Reflecting Increase in Telecommunting?

watson-frank
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Seems it is hard to come by U-Hauls in Silicon Valley these days. There has been a major exodus from the area, both due to a decrease in jobs and the increased employment of telecommunting.

WebGuild reports that thousands of people are leaving the area and few are coming to replace them.

Interestingly H-1B visa applications - people applying to enter the US for work purposes - are also down. Usually the applications are closed almost as soon as they open availability April 1 - but as of today the 65,000 available slots had not been filled or applied for fully.

I personally know two people planning on moving from the area to Florida. Guess the weather, no income taxes and lower real estate prices are a big allure.


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