By traditional measures of a successful economy jobs and wages this is a welcome development.
Soaring costs in San Fran.
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This trend is being borne out in international tech hubs.
Meanwhile, in London, tech growth hasincreased the cost of livingin parts of the city.
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The gentrification of formerly industrial areas has been a particular issue in recent years.
The impact that tech enterprises have on a city is grounded in the choices we make as a society.
Local and national governments have an important role to play in all this.
Pursuing a tech growth agenda may well lead to overall gains.
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One obvious solution is to up-skill the local community.
One of the biggest problems facing the tech sector is a shortage of coders and software developers.
Another option is to collaborate with tech firms in urban regeneration projects.
Tech firms and employeesdisplay a preferencefor easily accessible, walkable, multi-use districts.
This provides a clear opportunity to reconfigure urban areas.
In some cities, previously industrial districts are undergoing physical transformations, alongside economic ones.
Well planned regeneration projects will make use of consultations to involve the views of the local community.
This is a crucial part of the process, to avoid displacing local residents and businesses.
Finally, local governments can employ a team to engage with the sector.
The tech sector is likely to continue growing well into the future.
Yet the benefits are not always shared.
But theres huge potential for mutual economic and social support between a city and its tech sector.
This potential should be nurtured into a collaborative relationship, which achieves economic growth that everyone can benefit from.
