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How would a Bay Area tech company then compete with the like of Google of Facebook for top-talent then? It would be nearly impossible for most companies to matc
by QML 9y ago
How would a Bay Area tech company then compete with the like of Google of Facebook for top-talent then? It would be nearly impossible for most companies to match the compensation of the Big 4. The influx and concentration of wealth by those companies are essentially crowding out smaller companies and driving up local housing prices. Think about the billions of dollars that flow from around the world, and disperses itself in the small radius that is SV and SF.
What's the solution then? Have smaller companies move to the Midwest? Or radically cap salaries at 100k?
- thesmallestcat 9y agoRight, that's the inner question of my comment, and the answer is, they can't. Hence the "poisoned well" analogy. Unless you're the founder and want access to Googler/FBer/etc. dollars, or you have dreams of transitioning to a BigCorp role, there's not a compelling reason to work at a bay area startup (well, unless you really like SF, a totally valid reason -- I love SF, but the tradeoff is a bit fierce right now).