Mass Exodus From Silicon Valley Reflecting Increase in Telecommunting?

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.

About the author

Frank Watson has been involved with the Web since it started. For the past five years, he headed SEM for FXCM -- at one time one of the top 25 spenders with AdWords. He has worked with most of the major analytics companies and pioneered the ability to tie online marketing with offline conversion.

He has now started his own marketing agency, Kangamurra Media. This new venture will keep him busy when he is not editing the Search Engine Watch forums, blogging at a number of authoritative sites, and developing some interesting online community sites.

He was one of the first 100 AdWords Professionals, a Yahoo and Overture Ambassador, and a member or mod of many of the industry forums. He is also on the Click Quality Council and has worked hard to diminish click fraud.