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the salaries are not due to cost of living, they are due to a competetive labor market.
by tmh79 9y ago
the salaries are not due to cost of living, they are due to a competetive labor market.
- tehlike 9y agoPositive feedback loop.
- logfromblammo 9y agoHigh cost of living because competitive labor market. Competitive labor market because high cost of living. You could break the vicious circle from either end. Build more houses, costs go down, more immigrants attracted, wages go down and costs go back up. Destroy local jobs, wages go down, fewer immigrants attracted, costs go down and wages go back up. Every tech company that moves out eases the pressure, but that part about wages going down is tough for some people to swallow.
- tehlike 9y agoIt is not just more housing, but also denser housing. And more distributed campuses. Also the higher savings amount from bay area leaks into other regions. I hear texanians complain about swes from bay area inflating housing over there, for example.
- TallGuyShort 9y agoBut compared to cost of a certain standard of living the salaries aren't that great.