New York beat San Francisco as the top market for tech talent. CBRE published a report. Someone read it. That person works at a financial publication and needed to justify their existence for another day.
San Francisco spent two decades telling everyone it invented the future. Charged $4,000 for a studio apartment with a shared bathroom. Made you sit on a beanbag during job interviews. Now it can't even win at having the most people who list Python on their LinkedIn profiles.
AI-related roles account for nearly one-third of all tech job listings in the U.S. according to CBRE. Which means two-thirds of tech job listings are still for people to build apps that help you find parking or order salad. The economy remains a miracle of human achievement.
New York stole the crown by doing what it does best. Convinced everyone that paying $5,200 for the same studio apartment was actually a better deal because you can get good bagels. Tech workers looked at the math and agreed. These are the people building the AI that will replace your job.
The San Francisco tech scene will recover from this by hosting a panel discussion about what went wrong. Tickets are $300. There will be kombucha. Someone will blame remote work. Another person will blame the board of directors at OpenAI. Everyone will nod. Nothing will change.
CBRE measured tech talent by counting job postings and surveying companies about where they want to hire. Rock-solid methodology. Definitely not just repackaging data from Indeed and calling it research. Real estate firms have never been wrong about market trends before.
Your portfolio is down 40% but at least you know which city has more job listings for prompt engineers.
Photo by Daniel Tong on Unsplash
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