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And that's a big deal. But if the cost of an employee is > their value, you get massive off-shoring. That's the danger, and as an Australian the opportunity, o
by T2_t2 11y ago
And that's a big deal.
But if the cost of an employee is > their value, you get massive off-shoring. That's the danger, and as an Australian the opportunity, of Bay Area pricing being so crazy.
If the Bay Area wants to keep its advantage - in a world where Alibaba is the lead IPO of the last 5 years - it needs to remain competitive in all ways.
Rome wasn't built in a day, but it fell in one.
- gwright 11y agoNo need to 'off-shore'. Presumably companies in the Bay area could start (or grow) branch offices in other places in the US that don't have such a high cost of living. It may be that the cost to attract talent to the Bay area is now too high for all but the most profitable businesses. I have no idea if this is true or not but conceptually the giant payrolls needed may finally be overwhelming the benefits of locating a company in the area.