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> if they did hire remote workers, the same thing would happen in their communities. That's nonsense. There's a severe shortage of housing in Silicon Valley de
by JDiculous 8y ago
> if they did hire remote workers, the same thing would happen in their communities.
That's nonsense. There's a severe shortage of housing in Silicon Valley despite the fact that there's an abundance of housing in most of the country. Hiring remote workers means that you're hiring all around the country/world and people can move, not hiring in any one community. Also, hiring remotely means you can pay much less than Silicon Valley compensation because landlords aren't leeching an enormous bulk of it.
Silicon Valley could solve its housing problem tomorrow if it fixed its ultra-restrictive zoning laws, ended Prop 13, and built a ton of apartments. It won't do that because the people in power place the interest of wealthy landlords above that of the average people who live there.