AI Wealth Still Clusters in Few Cities | Business and Finance News

Tech wealth keeps concentrating in a handful of cities, and AI is making it worse. Data shows just five hubs—Boston, San Francisco, San Jose, Seattle, and San Diego—took 90% of new U.S. tech jobs since 2005, while the rest barely moved. Each tech job spawns five local ones, fueling a self-reinforcing cycle that widens inequality. Remote work hasn’t helped; AI jobs still cluster in the Bay Area, driving up rents and office leases. Local fixes like taxing tech salaries? They’ve barely scratched the surface of the real problem: runaway concentration. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/6226c5ca9a68db5d