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There is a very attractive draw to California and places like the Valley for the potential for money to be made with the right connections and people. So a tec
by SlowBro 8y ago
There is a very attractive draw to California and places like the Valley for the potential for money to be made with the right connections and people.
So a tech startup would likely consider the high cost of living to be just another startup hurdle to clear. When rent costs $7k/month but the potential (dreamed?) payout is $50k/month, and this payout does not seem to be as attainable in other locations due to fewer connections, that would seem to me to be a no-brainer, were I the CEO of a tech startup.
Thus, teachers' salaries become collateral damage in the tech startup's quest for greater earnings. I can't see how taller buildings and subways could fix this; they would only delay this problem.
I'm not in California, these are just my observations. It seems to me that California is a victim of its own success.