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You know, I've long wondered this for the Bay Area. The question in my mind is...how much of the housing crisis, rents, and raw population are coming from peop
by shostack 11y ago
You know, I've long wondered this for the Bay Area.
The question in my mind is...how much of the housing crisis, rents, and raw population are coming from people employed by startups that are most at risk of this?
Google, FB, Apple, Adobe, etc. have strong revenue (perhaps other issues, but there is no argument that there is money to be made and that they are making it). They also employ massive numbers of people. If a so-called funding bubble bursts, is it really going to make a dent in the other areas like you suggest? Or is the bulk of the "tech industry" comprised of the larger tech companies?
If it is the larger tech companies, and a bubble bursts, it might provide less flexibility for leaving to start your own thing, and there may be overall less competition, but they still compete against each other for top talent, and need way more resources than a startup does.