Continuing our discussion on the US tech sector, let's break down how demographics and rising capital costs are stifling innovation.
The tech boom relied upon a few things: a young, highly-skilled workforce concentrated in hubs like Silicon Valley and cheap and abundant capital. I don't know if you've noticed, but the US doesn't have the young workers or the capital environment to fund long-term tech development.
Combine that with what we discussed yesterday, and you get a tech sector that is going to struggle in the years and decades to come.
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