What will happen when young talent starts refusing to subsidize the creative industries that aren't really profitable in America's most expensive cities?
In general, people move from places of high unemployment to low unemployment. Also, relocation tends to be a short distance. As a rule, we are risk averse. We go where we know.
The demand for labor explains a lot of migration patterns. Where the uneducated once moved to staff large industrial centers, now those with the means and a college education flock to feed the Innovation Economy that is rising from their ashes.
The Innovation Economy peaked with the last financial crisis. In the emerging epoch—the Talent Economy—the competition among companies like Google and Facebook for the same pool of ideas makers will reshape our cities.