Tech Workers Take to the Mountains, Bringing Silicon Valley with Them
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Re: Tech Workers Take to the Mountains, Bringing Silicon Valley with Them
#2I think the migration out of the bay will make it a more reasonable place to live. We do have some of the best weather in the world. I'm going to gamble on staying.
Hopefully this isn't like detroit.
Re: Tech Workers Take to the Mountains, Bringing Silicon Valley with Them
#3Are companies going to start adjusting salaries for people who move (this makes zero sense to me, the value you add most likely doesn’t change because of where you live)?
That’s where this gets weird... people move to these better-to-live places and then all the employers decides to pay them less because of location.
Then you just push up housing prices with salaries that slowly reset over time to be cost of living adjusted to the area.
Re: Tech Workers Take to the Mountains, Bringing Silicon Valley with Them
#4Are companies going to start adjusting salaries for people who move (this makes zero sense to me, the value you add most likely doesn’t change because of where you live)? That’s where this gets weird... people move to these better-to-live places and then all the employers decides to pay them less because of location. Then you just push up housing prices with salaries that slowly reset over time to be cost of living a…
The crazy salary level was set by location not by skillset alone so the skillset is still valued the same but the location depreciate accordingly.
Just like buying a house: there are 2 variables that contributes to the total value, the land (location) and the building.
Re: Tech Workers Take to the Mountains, Bringing Silicon Valley with Them
#5Are companies going to start adjusting salaries for people who move (this makes zero sense to me, the value you add most likely doesn’t change because of where you live)? That’s where this gets weird... people move to these better-to-live places and then all the employers decides to pay them less because of location. Then you just push up housing prices with salaries that slowly reset over time to be cost of living a…
Salaries have very little to do with how much value one adds. If anything, it's more about how much value can be extracted. If companies can pay less and get the same value, they totally will.
Re: Tech Workers Take to the Mountains, Bringing Silicon Valley with Them
#6Are companies going to start adjusting salaries for people who move (this makes zero sense to me, the value you add most likely doesn’t change because of where you live)? That’s where this gets weird... people move to these better-to-live places and then all the employers decides to pay them less because of location. Then you just push up housing prices with salaries that slowly reset over time to be cost of living a…
It’s not about value you bring but competition to get your talent. Someone in the middle of nowhere will get far less offers and way less attractive ones than someone in the middle of SF.
Re: Tech Workers Take to the Mountains, Bringing Silicon Valley with Them
#7The prices of bay area homes aren't dropping still. Looks like this migration is still temporary.
Re: Tech Workers Take to the Mountains, Bringing Silicon Valley with Them
#8Are companies going to start adjusting salaries for people who move (this makes zero sense to me, the value you add most likely doesn’t change because of where you live)? That’s where this gets weird... people move to these better-to-live places and then all the employers decides to pay them less because of location. Then you just push up housing prices with salaries that slowly reset over time to be cost of living a…
>(this makes zero sense to me, the value you add most likely doesn’t change because of where you live)?
Price is the intersection of supply and demand. A buyer will ask a seller to accept a lower price if they think the seller is willing to accept a lower price. A seller might accept a lower price if they don't think they can get a higher price.
You are paid $X because the buyer couldn't find someone willing to accept $X-1, and you accepted $X because you couldn't find someone to give you $X+1.
Re: Tech Workers Take to the Mountains, Bringing Silicon Valley with Them
#9Are companies going to start adjusting salaries for people who move (this makes zero sense to me, the value you add most likely doesn’t change because of where you live)? That’s where this gets weird... people move to these better-to-live places and then all the employers decides to pay them less because of location. Then you just push up housing prices with salaries that slowly reset over time to be cost of living a…
I worked for a valley company that changed people's salary if they moved to a new office. Work in the valley, make more, if you moved they'd lower your pay.
Midwest salaries were notably lower.
Oddly enough it was more of a issue brought up by folks at HQ as they knew they were more expensive and a particular group was really paranoid about it... like constantly. It was a bad scene.
Re: Tech Workers Take to the Mountains, Bringing Silicon Valley with Them
#10Are companies going to start adjusting salaries for people who move (this makes zero sense to me, the value you add most likely doesn’t change because of where you live)? That’s where this gets weird... people move to these better-to-live places and then all the employers decides to pay them less because of location. Then you just push up housing prices with salaries that slowly reset over time to be cost of living a…
What you are paid is only somewhat related to the value you bring. Remote work increases the pool of potential employees...