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The thing is going on about low wages nullifies the point of desiring a tech hub. The idea is to bring money in and distribute it to those creating value. The
by fidotron 13y ago
The thing is going on about low wages nullifies the point of desiring a tech hub. The idea is to bring money in and distribute it to those creating value.
The fascinating aspect of SV is how successful it is in spite of how many disadvantages it has relating to cost of living and cost of employees.
- dasil003 13y agoSV is definitely impressive in this regard, but also note that the cost of doing a web startup has fallen dramatically over the last 15 years. Orders of magnitude more than any cost of living difference, and this is what is feeding the current SV boom. Cutting the cost of living is another valid way to mitigate the risk of early-stage startups and enable earlier ROI. Not sure it will pan out since Europe has other things going against it, but I don't think that emulating SV is the solution. The recipe needs to be local and differentiated from the SV conventional wisdom.