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It is true that higher housing costs lead to labor scarcity which leads to higher salaries, and also that employers do cost of living adjustments, but these eff
by s17n 5y ago
It is true that higher housing costs lead to labor scarcity which leads to higher salaries, and also that employers do cost of living adjustments, but these effects are small compared to the core "companies offer higher salaries to attract the best talent -> housing becomes more expensive" driver.
- bobthepanda 5y agoAnd housing factors in offering the higher salaries to attract the best talent. It takes a lot of money to eventually buy property in the Bay Area and if you manage to apply to companies there unaware of that fact you probably literally live under a rock.