131–140 of 394 posts
Earlier quoted context omitted.
I don’t understand - are you giving this near half-million single bedroom as an example of affordability?
Well if your income is $133k/yr, then it would fit in the 3x annual income rule for housing affordability, which the typical sr eng at google now exceeds.
This coupled with the Amazon news is starting to get distressing. With the amount of companies that copycat them it’s like the rich are getting richer and the economic benefits are still going to be concentrated only in the most affluent cities. The rest of the country desperately needs real industry and good paying jobs - and will go to huge lengths to try to get them but it appears nobody can come up with a busines…
It's a classic chicken and egg problem. Companies don't want to establish new offices in cities where they cannot attract new talent or there isn't a large existing base of talent. This limits large new offices to large metro areas (5M+ people) People don't want to relocate to cities where there aren't multiple job possibilities - you lose your job/hate it and don't want to have to relocate to find a new job or you w…
Bangalore had this problem in the 80's and 90's. The way you beat is, surprising simple.
You just start building colleges and other institutions and make it cheap and easy to study there.
All of a sudden you have a massive pool of young, and hungry people. Then you do things like tax subsidies, and land grants.
This coupled with the Amazon news is starting to get distressing. With the amount of companies that copycat them it’s like the rich are getting richer and the economic benefits are still going to be concentrated only in the most affluent cities. The rest of the country desperately needs real industry and good paying jobs - and will go to huge lengths to try to get them but it appears nobody can come up with a busines…
> The rest of the country desperately needs real industry and good paying jobs - and will go to huge lengths to try to get them No they don't. Tax breaks aren't enough. One of the big reasons a lot of people really like NYC is that it's one of the few cities in the US that actually feels like a city. NYC is urbanist in a way that relatively few American cities are (and most of the other cities in this category are al…
This coupled with the Amazon news is starting to get distressing. With the amount of companies that copycat them it’s like the rich are getting richer and the economic benefits are still going to be concentrated only in the most affluent cities. The rest of the country desperately needs real industry and good paying jobs - and will go to huge lengths to try to get them but it appears nobody can come up with a busines…
It's a classic chicken and egg problem. Companies don't want to establish new offices in cities where they cannot attract new talent or there isn't a large existing base of talent. This limits large new offices to large metro areas (5M+ people) People don't want to relocate to cities where there aren't multiple job possibilities - you lose your job/hate it and don't want to have to relocate to find a new job or you w…
Earlier quoted context omitted.
> The rest of the country desperately needs real industry and good paying jobs - and will go to huge lengths to try to get them No they don't. Tax breaks aren't enough. One of the big reasons a lot of people really like NYC is that it's one of the few cities in the US that actually feels like a city. NYC is urbanist in a way that relatively few American cities are (and most of the other cities in this category are al…
Seattle?
Earlier quoted context omitted.
> The rest of the country desperately needs real industry and good paying jobs - and will go to huge lengths to try to get them No they don't. Tax breaks aren't enough. One of the big reasons a lot of people really like NYC is that it's one of the few cities in the US that actually feels like a city. NYC is urbanist in a way that relatively few American cities are (and most of the other cities in this category are al…
Seattle?
This coupled with the Amazon news is starting to get distressing. With the amount of companies that copycat them it’s like the rich are getting richer and the economic benefits are still going to be concentrated only in the most affluent cities. The rest of the country desperately needs real industry and good paying jobs - and will go to huge lengths to try to get them but it appears nobody can come up with a busines…
> The rest of the country desperately needs real industry and good paying jobs - and will go to huge lengths to try to get them No they don't. Tax breaks aren't enough. One of the big reasons a lot of people really like NYC is that it's one of the few cities in the US that actually feels like a city. NYC is urbanist in a way that relatively few American cities are (and most of the other cities in this category are al…
I wonder how much goodwill Google could have generated by locating this hub in say Orlando or Des Moines. Even if they spent 150k per engineer in relocation costs (1 time fee), it’s hard to imagine they wouldn’t make that up in terms of cheaper real estate and lower salaries. There were obviously some benefits in choosing New York City (and I realize it’s an expansion technically), but still, it’s so......unimaginati…
How many Google engineers do you think would be willing to move to the midwest or Florida? Especially in return for lower pay (and a one-time bonus). There are several cities I'd be willing to reloc to -- Florida and the Midwest are not in that list (not even Chicago, due to the winter weather). SF, Seattle, Portland, NYC, Boston are at the top of the list. Maybe San Diego or Austin or the DC area.
If it's going to make NYC a major engineering hub, on a similar scale as Mountain View, then it's a huge deal. If it's going to be mainly non-technical roles, then meh.
If NYC becomes a monoculture like SV than it truly is a big deal.
I actually haven't come across any other broadly comparable cities in these sort of metrics.
At least, that's my first hand opinion.
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How much do you think Google NYC or even Amazon engineers make?
How much do you think a firefighter pulls in AFTER retiring? Most public employees with pensions will probably pull in well over a million after they retire and before they die. Tech workers are still young as a group so pension envy is still not a thing....but will be Run the numbers...tech jobs in a tier 1 real estate market isn't that great of a deal. Most likely a nice rental and a slightly underfunded 401k And d…