Is Silicon Valley losing its status as the world’s technology hub? While the rest of the world has started to catch up especially European countries, will it be able to retain its edge?
Undoubtedly, Silicon Valley has always been the obvious choice and Mecca of tech and is likely to be in the foreseeable future as well. But in the recent past, many growing executives stated that the appeal towards Silicon Valley has started fading due to several factors like escalating cost of living, questions about diversity and corporate cultures, high business taxes and much more.