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Kim Hart Jul 26
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Silicon Valley no longer has lock on software developers

AP

Eighty-nine percent of U.S. software developers actually live and work outside of the Bay Area, according to a study by The App Association.

Why it matters: Software is the basis for the technologies — and therefore jobs — of the future: self-driving cars, augmented reality and artificial intelligence, to name a few. The high cost of living in Silicon Valley has driven some workers to look elsewhere for jobs so companies are starting to branch out to other cities to capitalize on that migration. For example, big names like Apple and Google now have engineering offices in Seattle, providing competition for talent to local companies Microsoft and Amazon.