Re:Changing San Francisco is foreseen as a haven for wealthy...
by ChuckMcM on Sunday August 16, 2015 @08:07PM
(#10070773)
I thought it was fascinating how many accuracies in that article played out, makes me wish I had bought some houses for $129,000 in San Francisco in the 80's :-).
But perhaps more interesting is the salary question, because there is so much resistance to raising salaries it pulls companies out of the Bay Area. (which has been true since I started here in the 80's) I am not sure what the opposite of a bubble is (not enough increases relative to the market) but as far as I can tell the whole country is in one of those. At some point someone is going to just say "Screw it, staff for effectiveness even it it doubles our HR cost." and if that entity successfully captures the top performers it will seriously outperform all of its competitors in the market and light off a wage war which was what happened in the late 70's and 90's in the Bay Area.
But perhaps more interesting is the salary question, because there is so much resistance to raising salaries it pulls companies out of the Bay Area. (which has been true since I started here in the 80's) I am not sure what the opposite of a bubble is (not enough increases relative to the market) but as far as I can tell the whole country is in one of those. At some point someone is going to just say "Screw it, staff for effectiveness even it it doubles our HR cost." and if that entity successfully captures the top performers it will seriously outperform all of its competitors in the market and light off a wage war which was what happened in the late 70's and 90's in the Bay Area.