Tech Workers Consider Escaping Silicon Valley’s Sky-High Rents
From Bloomberg, a continuation of the coverage of California and the San Fransisco area’s apparent cluelessness regarding how the economy and labor markets work, and their continued efforts to drive business and high skill workers out of their area.
From the article: “Sachin Dhar thought he and his fiancée had a great deal paying $2,650 per month for a one-bedroom rental in South San Francisco, a short commute from Facebook Inc.’s offices in Menlo Park, where she works. But when the social networking company announced that most employees would be working from home until the end of the year, their calculation changed. “It makes no sense paying Bay Area rent if we can earn our salary living elsewhere,” says Dhar, 25, who already works remotely for a New York advertising startup. They’re considering moving to Hawaii—or, to really save money, somewhere in the rural U.S.”
As workers seek out quality of life, working remotely means that they can live in places that offer great quality of life and quality of space, instead of spending you life in bunker in a sea of parking with no authenticity or character.
This is great for downtowns
This is great for Florida
This is great for Tennessee
This is great for Texas
I guess its also great for California… They get rid of those pesky capitalists.