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When tech companies have work that does not need to be done in the SF/NYC/SEA, they go straight to India, Eastern Europe, and (increasingly) Latin America. Ther
by closeparen 8y ago
When tech companies have work that does not need to be done in the SF/NYC/SEA, they go straight to India, Eastern Europe, and (increasingly) Latin America. There is no role for mid-priced US cities.
Which makes sense. They are trying to maximize human capital : cost ratio. Ordinary American cities are good at neither. You go for the highest human capital or the lowest cost. And in some dirt cheap places you can still find a bunch of underemployed people with STEM education.
- aristophenes 8y agoSomebody needs to tell that to Austin, Texas, they don't seem to have gotten the message. Denver/Boulder too, though housing there is getting pretty high as well.
- goobynight 8y agoEven if it seems high, you get a lot more for the money. $1700 will get you a luxury 1bd (600+sqft), new/recent construction, a pool, bbqs, "sky lounge", 5-20 minute walk to work, and so on. From what I can tell, it takes more than that just to get into a shitty box in SF.
- hellisothers 8y agoTrue but you’re going to take a 30-40% paycut all to reduce your rent by $1000-$1500/mo. Rent goes down but a car and an xBox cost the same everywhere.
- entee 8y agoWe are exploring moving a bunch of engineering to Mexico. The difficulty and expense in recruiting engineering talent in the bay is insane. So far we've found really great engineers through a company called Wizeline in Mexico and are strongly considering expanding our footprint there.
- sremani 8y agoIf Ordinary American City is Stockton or Fresno, sure, but if they are Austin, Dallas, Boston, Houston, Chicago, Atlanta, DC. I beg to disagree, now start-up scene perhaps has limited destinations. Tech sector is thriving in every major metro in US.