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Earlier quoted context omitted.
True, also there is now a bigger talent pool to choose from, since you don't need to worry about finding candidates willing to relocate, that means more employees to choose from.
Ok - This is fair - as you make it easier to work from other places, you increase employee supply. That resets the balance. Good points.
Are 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…
Don't let the employers do that to you. If they try, go elsewhere. I kept my bay area salary while moving to Arkansas.
Earlier quoted context omitted.
That's what makes it appealing to a lot of people who have been living around millions of other people. Soon many of these places will no longer be cheap and far away from other people. It'll be interesting to see how today's cultural conflicts play out when the more left-leaning, urban remote workers move en masse to smaller, more right-leaning, less urban places.
One thing worth remembering - thousands of current "Bay area tech workers" grew up in other parts of the country, and moved to silicon valley primarily for job opportunities, but may not otherwise share in the religious, political or social views that dominate that space. So while in some cases there may be the conflict you're alluding to, for other people, they're just moving back home.
Are 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…
Earlier quoted context omitted.
It's not about left right. It's about rural vs urban and have money vs not. Everything that's terrible and soul crushing about a tourism economy is about to happen to random places that have thus far been spared that fate.
You can't reduce things to one dimension, I agree, but I disagree that left vs right is unimportant. When largely liberal city people migrate into largely conservative places, there's gonna be some conflict. Not to mention a lot of these tech workers are liberal and have money, so they'll be empowered to support changes that the locals may not be on board with but also may not have the means to combat effectively.
SFO is a 'liberal' city, but the idea the tech people are majority liberal as well needs a strong does of supporting evidence. My own observation is that much like the rest of the rest of the populace, it's a spectrum. I have talked to many SFO folks looking to move out of there specifically because they want to be somewhere 'conservative', usually using more colorful language.
And I also have some doubts about the whole 'techies are going to come here and take over' trope. Sure, they will influence things (money always does), but entrenched political and social structures don't just melt away overnight. They know the rules of the game because they made them. I live in a pretty lefty area that's also pretty desirable to live in, and periodically you'll get an influx of individuals from other places that make noise about some aspect of the area that isn't conservative enough for them (taxation, commonly) and how they're going to change things. And the incumbent political actors spin up and work the system and it usually goes nowhere. I suspect you'll see much more of that than radical changes brought on by the arrival of tech money.
I own a number of pieces of property in Whitefish Montana, where I decamped to the second my children were released from school for COVID reasons in March (we split time between TX and MT). Given what I felt were going to be significant economic disruptions due to unemployment and drops in income, I prepared myself with the understanding that our little resort town was going to be facing some hard times. Usually, sma…
However, the flight to other locations does seem like a general trend. Anecdotally it appears to be happening to my neighbourhood...
I own a number of pieces of property in Whitefish Montana, where I decamped to the second my children were released from school for COVID reasons in March (we split time between TX and MT). Given what I felt were going to be significant economic disruptions due to unemployment and drops in income, I prepared myself with the understanding that our little resort town was going to be facing some hard times. Usually, sma…
I don't live in Whitefish (nor Montana), but I love it - it's such a cool town! What do you think about Bigfork as a place for future investment/growth?
People have been talking about this on HN for a few months now, and I never took it seriously since these threads are always filled with people quoting numbers saying it's not happening. That was until last month, when two tech workers from San Francisco moved into the neighborhood. Both have the same story: Their company went work-from-home when the pandemic started, then made it permanent, so the company employees…
Are 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 were/are so high because of the limited supply of qualified labour. If they now accept workers from everywhere the supply side constraint just got blown wide open.
People have been talking about this on HN for a few months now, and I never took it seriously since these threads are always filled with people quoting numbers saying it's not happening. That was until last month, when two tech workers from San Francisco moved into the neighborhood. Both have the same story: Their company went work-from-home when the pandemic started, then made it permanent, so the company employees…
Wait till Asia's borders open. The fanout will go transpacific. Especially in Southeast Asia.