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You have good points. In a hypothetical scenario where the housing market was highly elastic, it would certainly lead to a huge movement of tech labor force to
by pm90 8y ago
You have good points. In a hypothetical scenario where the housing market was highly elastic, it would certainly lead to a huge movement of tech labor force to the Bay Area.
But I feel like that is the way SFBA will grow. Every city has its secret sauce, for SFBA it is tech. Instead of fighting it, I can imagine a scenario where the concentration of Tech leads to a transformation of the area to be more like NYC. Or maybe it will take a different direction.
As naive as it sounds, I still believe in Tech as a force for good (not Big Tech necessarily). I moved here from Austin, and folks there talk about how the tech industry is growing, but its still Satellite offices for Big Tech. The kind of talent I see in SFBA is staggering.
- abalone 8y agoDo you really feel that Prop C is “fighting” tech growth, though? Not sure if that is your position. I think a big reason Benioff came around is that he’s taking a long view. Perhaps you could even draw a connection with the maturity of Salesforce as a company vs young startups whose current teams might exit in under 10 years. Benioff got his whole team on board not only out of altruism, but by noting that homelessness was seriously threatening Saleforce’s future in the city.
- pm90 8y agoBenioff didn't come around. He is from SF, unlike a lot of other Tech CEO's. His company has made significant investments in the City proper. He's been playing the long game for a while now. I don't have an opinion on Prop C. The thrust of my argument was more around prop 13.