Re:Hong Kong’s Clout as a Global Financial Center Clouded by...
by closeparen on Friday June 14, 2019 @06:27PM
(#20187167)
Wouldn’t most be locked up in non-competes?
Re:Hong Kong’s Clout as a Global Financial Center Clouded by...
by bobthepanda on Friday June 14, 2019 @06:49PM
(#20187309)
Non-competes eventually end, and IIRC in the finance industry they often pay you for the duration of the non-compete.
Re:Hong Kong’s Clout as a Global Financial Center Clouded by...
by closeparen on Saturday June 15, 2019 @07:11PM
(#20192770)
After a couple years, sure. It would take a really compelling raise to make up for all that time without working.
Re:Hong Kong’s Clout as a Global Financial Center Clouded by...
by djcapelis on Friday June 14, 2019 @06:55PM
(#20187340)
Not in California or specifically Silicon Valley. To pick another financial center of the world.
Re:Hong Kong’s Clout as a Global Financial Center Clouded by...
by closeparen on Saturday June 15, 2019 @01:18AM
(#20188501)
California is essentially unique in this way, while people are trying to generalize about centers in general. In no other center can you actually quit your job for a competitor; it’s doubtful that the competitor’s presence is relevant.
In terms of labor, specialists like having multiple employment options in case they ever need to jump ship, and for specialized enough services centers are the only places capable of offering such networks. New York is still the largest financial center in the US despite many attempts to dethrone it because it has built up so much of a center. And people don't really abandon centers unless something catastrophic happens.