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Employee mobility matters. Most people working at Facebook could take their skills and easily get a job somewhere else. The story was different for the company
by beat 12y ago
Employee mobility matters. Most people working at Facebook could take their skills and easily get a job somewhere else. The story was different for the company town workers of a century ago.
- msandford 12y agoThe only way this turns Facebook into robber barons is if they're able to drive developer's salaries down as a result. But the only way to do that would be to build many thousands of units. The housing situation in SF isn't just a little bit short, it's a lot short on supply. And even that would probably just bring developers salaries down from the heavens to more normal levels rather than somehow magically making them all indentured servants.
- beat 12y agoThat really only applies to staff not already living in the Bay area (who can presumably afford wherever it is they live), and staff willing to live in whatever kinds of apartments they're providing. That way lies the army of H1B mediocrity.