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>What is preventing companies from moving to less expensive cities? Those cities also have the same restrictive zoning laws, preventing new office buildings an
by Zach_the_Lizard 8y ago
>What is preventing companies from moving to less expensive cities?
Those cities also have the same restrictive zoning laws, preventing new office buildings and housing just like the expensive cities.
Many American cities are experiencing price increases out of line with prevailing wages to the point that the median income cannot afford the median house. And we're not talking NYC and SF;think Nashville.
Furthermore, talent is concentrated in a few areas. A software firm in Nome, Alaska will have a harder time hiring than one in New York. Infrastructure like airports keeps businesses in hubs. Ports make goods cheap to ship. Having large numbers of local customers helps too