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There is a very, very simple way to stop the "brain drain" to SV: start paying comparable salaries. Don't come with a bunch of crap about "cost of living". Pa
by frubar 9y ago
There is a very, very simple way to stop the "brain drain" to SV: start paying comparable salaries. Don't come with a bunch of crap about "cost of living". Pay those salaries, or better and you'll start pulling talent away from SV. As long as the other parts can't or won't provide similar opportunities they don't deserve to have the talent.
The main thing capitalism is meant to do is prioritize where resources should be focused. And they get focused where they get the most value.
- hocuspocus 9y agoIt's not that simple. High salaries aren't the only benefit that comes from high concentration, there's also high fluidity in the job market. And it goes both ways. In our industry, employers are picky (what's the on-site to offer conversion rate at your company?), and potential employees are picky (rightly so, in my opinion) given the huge variance in job satisfaction.