I recently visited my home town and alma mater. Both places need new industry. My home town is littered with empty office buildings and work is hard to find. My alma mater's surrounding area just lost one of its two grocery stores and has little outside of the college. Even where I currently live needs another industry as its current is literally a gamble - Las Vegas. It frustrates me to see so much potential concentrated in an age where travel and telepresence allow outsourcing abroad.
Which benefits the employers and the employees. How has this benefited San Francisco? The real estate tax base would increase regardless of the tech community due to foreign money flowing in from China (Vancouver has had the same issue without a SFBA tech base).
Miami, LA, NYC, Dallas/Fort Worth, and Chicago to a lesser extent, all have thriving economies without being tech-centric. This fallacy that SF has some special magic nowhere else has economically speaking needs to die already. Please don't bring your Bay Area problems elsewhere (becoming a wage slave to afford a million dollar single family home, overflowing poverty in one of the richest parts of the world, displacing non-tech residents through housing costs).