Finance? Remind me again how much debt the US has and how close it was to defaulting last year (saved by being forced to raise the debt ceiling yet again)? Things aren't looking much better right now.
Except that tech in the US is also NYC, Seattle, Austin and Boston too. It outgrew the SV hub years ago now. Those locations are the results of location shifting.
>"Finance? Remind me again how much debt the US has and how close it was to defaulting last year (saved by being forced to raise the debt ceiling yet again)? Things aren't looking much better right now."
"Finance" is used to describe the industry of and around investment banking. It is very different and distinct from the context of the US Treasury which you seem to be conflating. Further the US was never even close to actually defaulting on its debt last year. What happened in October was a bit of political theater around something known as the "debt ceiling." This is simply the agreed upon amount that congress says the US can have outstanding. This is very different from sovereign defaults that result from not having the means to pay. There is a primer here [1].
It's also unclear what you mean by "Things aren't looking much better right now." Despite experiencing the same stubborn inflation as the rest of the globe, the US has had something of a miracle recovery since the beginning of the pandemic. The unemployment rate as of May was 3.6% which is about what it was before the pandemic. There's been many other bright spots as well [2].
[1] https://www.investopedia.com/terms/d/debt-ceiling.asp
[2] https://www.thebalance.com/how-is-the-economy-doing-3306046
The real capital of a nation is its people.