2 ms·

I don't get this "location penalty" idea. We have the internet. Businesses already operate globally without the need to constantly fly upper management around t

I don't get this "location penalty" idea. We have the internet. Businesses already operate globally without the need to constantly fly upper management around the world. The problem is that the talent live in the south east because that's where the jobs are. It's not about the transport links between the south and the north, it's the lack of well compensated jobs in the north to attract business there because of all the other reasons.

goatinaboat 7y ago
And the only way to break the cycle is to stop building more houses in the South East.
goodcanadian 7y ago
Why does ycombinator want applicants to move to the Bay area? Whether it makes sense or not, the location effect is real. Improving transport links increases the size of the "local" area allowing the network effects to reach farther.