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> it makes me sad to see how it's becoming increasingly difficult for people to move here. I believe this is the biggest threat to Silicon Valley's dominance as
by dunpeal 8y ago
> it makes me sad to see how it's becoming increasingly difficult for people to move here. I believe this is the biggest threat to Silicon Valley's dominance as the center of the technology industry
Absolutely. Highest income tax in the nation, couple with some of the highest cost of living in the world.
SV is in big trouble once more non-SV companies start paying comp that is competitive with SV.
This is already happening and I know several great engineers who preferred offers for the same or slightly lower comp outside of SV.
The trend will be strongest among senior and veteran engineers, since buying a decent house and raising a family is virtually non-affordable in SV.
Especially since SV was never great about paying extra for senior and experienced engineers. They're going to have a serious problem when the only people willing to relocate to SV are fresh grads willing to live with roommates.
California has benefited immensely from SV growing in its backyard, but now that this fortunate growth needs some tending, California is just shrugging its shoulders, and in some cases making it worse (e.g. NIMBY laws in SF preventing new construction).
- supercanuck 8y agoHighest income tax in the nation didn’t stop it from growing to begin with.