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The pandemic created boomerang-worker tech hubs — and they're not going away
"Boomerang workers" — those who've returned to their home towns to do remote work — rose with the pandemic, but the phenomenon shows signs of sticking around beyond it.
The big picture: Workers typically have to move to where the jobs are, centralizing top talent in big coastal cities. But as COVID drove rapid adoption of remote work, many people who were able to opted to return to their roots to be closer to family, raise kids in familiar settings or simply escape big city life.
Nintendo Switch OLED coming this October
Nintendo is releasing a new Switch with a bigger, better screen on Oct. 8 for $349.99.
Between the lines: A newer Switch model has been expected for months, though fans and insiders originally expected a more powerful machine.
Venture capitalists invested a record $288 billion in the first half of 2021
Venture capitalists invested $288 billion in the first half of 2021, an all-time record, per Crunchbase.
By the numbers: Venture capitalists invested $140 billion into U.S.-based startups in the first half of 2021, anall-time record, per Ernst & Young. At that pace, the 2020 total should be surpassed in a matter of days.
Migration trends between the U.S. and Mexico have flipped upside down
Data: Pew Research Center; Chart: Danielle Alberti/Axios
The past few years have seen a marked decline in the number of people migrating from the U.S. to Mexico, according to a new Pew Research Center report.
Why it matters: Mexico has long been the largest country of origin for immigrants in the U.S. However, there was even more migration from the U.S. to Mexico in the 2000s and early 2010s— a trend that reversed in the years before the pandemic.