The Bay Area is far wealthier and much more economically relevant than NYC. NYC has a very large low income population. NYC doesn't have nearly as strong of an economy, financial services and trading firms are increasingly leaving. Whereas the Bay Area, particularly the peninsula, is home to the companies shaping the future like OpenAI and Nvidia along with a huge number of quality startups.
>The Bay Area is far wealthier and much more economically relevant than NYC.
Not so much. The NY Metro Area has the highest GDP of any metro area in the US[0]. The San Francisco Bay Metro area ranks fourth, behind NYC, Los Angeles and Chicago.
But don't feel too bad about it. It could have happened to any Metro area.
It's not the overall metro area GDP itself but rather per capita, the people in the Bay Area are simply much wealthier and higher income. This is also true in the Puget Sound region, but not to the same extent. This difference in population is why they don't have an interest in a Zohran of sorts. State run grocery stores and public transit are really not a concern to most people as their lifestyle is much different.
The Bay Area companies have been driving the economy forward for several decades now, it's been economically dominant since the mid 1990s. Consider more 'recent' companies like Google, Facebook, and older companies like PayPal and eBay. We already had the dotcom bubble pop, but that was more akin to a bump in the road.
