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Because a rational labor market participant would consider that $1 purchasing power in SF <> $1 purchasing power in [Any other city / state]. Hypothetically if
by s3r3nity 7y ago
Because a rational labor market participant would consider that $1 purchasing power in SF <> $1 purchasing power in [Any other city / state].
Hypothetically if you were planning this as Google you wouldn't make the 1-1 scaling of lower salaries, but if you as employee would pay 80% less rent, could buy a massive home after working for <1 year, and still have more left over than you would ever have working in the bay, the trade-off would at least look somewhat appealing.
- allochthon 7y agoHaving lived in Oakland for years, as well as smaller cities around the country, I can add that there's an additional appeal to living in out-of-the-way places. It's definitely a different thing from living in the heart of where everything is happening, like in the middle of San Francisco. But places off the beaten path have their own kind of allure.