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If you are a high skilled worker for a tech firm in Silicon Valley, or you are a currency swap trader in NY, it probably isn't very likely that you would be overly eager to relocate to a new company in some small or rural town and there are probably not enough qualified workers already in that geographic area that have that knowledge or experience.

This. These types of industries tend to cluster for exactly that reason.

If you're a tech worker or financial worker, you want to be in a place where there are lots of other companies that can hire you if something changes with your current employer. That way you can find a new job without uprooting yourself (or your family) if need be. And the employers want to be in a place with lots of other workers in the field, in case they need to take on more headcount quickly, and without having to recruit people from elsewhere to uproot themselves.

Albaby
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