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Re:Tech elites leaving San Francisco threaten Silicon Valley... by bigyikes on Monday December 07, 2020 @12:04PM (#25334056)
As it happens, tomorrow I’m putting in my 30-day notice to terminate my lease and leave the Bay. (And I’m paying 2 additional months rent in fees to do so)

Not being tied to the office fundamentally changes the calculus of choosing where to live. There just aren’t good reasons to live here anymore for so many of us.

Even if you enjoy the area, chances are you can get a better deal by moving just a bit further away. Actually, I can pay the 2 months rent in termination fees and move almost literally anywhere else in the state and still come out ahead financially. Since commute time is not a factor, many options have become viable.

Re:Tech elites leaving San Francisco threaten Silicon Valley... by sandworm101 on Monday December 07, 2020 @12:46PM (#25334657)
>> and still come out ahead financially.

Ya. Earning a SF wage but living elsewhere is great. But there is a flip side to this coin. As employees realize they can work from home, employers also realize they can have employees work from home. They will soon realize they don't need to pay SF wages. Those who convert their in-office jobs into work-from-home are a covid oddity. Those who will be hired in the future on the assumption that they will always work remotely will likely face much lower wages. I predict a race for the bottom.

Re:Tech elites leaving San Francisco threaten Silicon Valley... by ericmay on Monday December 07, 2020 @12:55PM (#25334798)
I agree, mostly. The bottom is still decently high even in Midwest cities. But if you’re making $140,000 + RSU/Bonus/Etc., someone from somewhere else will do that job remotely for $100,000 easy.

But I would characterize this as a wealth distribution, and overall net positive for the country. People who don’t have the opportunities to work at the top companies in the Bay Area or NYC or Boston now have better access. And the wages flow to those different areas.

Re:Tech elites leaving San Francisco threaten Silicon Valley... by sandworm101 on Monday December 07, 2020 @01:01PM (#25334870)
>> wealth distribution

At the moment that may be true but increasing the pool of potential labor rarely results in wealth distribution. I think companies will pay less. That money won't go to other hires as tech companies limit hiring for other reasons than money. The money will go to bottom lines, to stockholders: the opposite of wealth distribution.

Re:Tech elites leaving San Francisco threaten Silicon Valley... by CountSessine on Monday December 07, 2020 @01:37PM (#25335406)
Maybe? But as things are, most of those generous employee salaries are parasitized by NIMBY landlords and property owners in SFBA who have selfishly engineered SF's horrendous housing supply shortage.

If that value is going to be captured by anyone, I would much MUCH rather it be captured by Google shareholders, many of whom are employees and are at least partly responsible for the company's incredible success, than lazy and parasitic SFBA landlords who profit from their own NIMBYism and regulatory predation.

Re:Tech elites leaving San Francisco threaten Silicon Valley... by dpoochieni on Monday December 07, 2020 @01:53PM (#25335630)
Not maybe, it is supply and demand. IF the supply of remote labor does increase then the share of economic profit going to capital also increases. (i.e. Employers keep more of the profits as opposed to sharing)
Re:Tech elites leaving San Francisco threaten Silicon Valley... by Raidion on Monday December 07, 2020 @03:26PM (#25336956)
This is true both ways though. If you're getting paid 140k, but your rent is 5k a month, you're only capturing 80k of wages, and the landlords are capturing 60k in rent.

If you're working remotely for 100k, and paying 1.7k a month in rent, you're capturing ~80k as well. That means more capital is going to the employers(who saves 40k) at the expense of the landlords (who lose out on that 40k).

I honestly think I'd rather have the capital go to the employers because a) it improves my value in relation to them (I now can argue that I should get paid more, because I bring in 40k a year more value than I did in SV) AND I have a financial interest in the company doing well (with options/RSUs/bonuses/etc).

The money going to the landlords starts to become very literally "rent seeking" where they will capture the capital without providing any productivity gains in return. You could argue that their value in "provide a location for people to live so they can collaborate more effectively" is decreasing with remote work, and they will have to charge less because the value they provide is decreasing.

Re:Tech elites leaving San Francisco threaten Silicon Valley... by bcheung on Monday December 07, 2020 @04:14PM (#25337628)
The formula is different if you are a home owner, at least it was when there was more appreciation. You don't mind paying a higher mortgage as much if you are capturing a huge chunk of your current salary in home equity each year. Bay area home ownership is where a lot of people made their money.
Re:Tech elites leaving San Francisco threaten Silicon Valley... by throwaway201103 on Monday December 07, 2020 @05:30PM (#25338596)
Until the employer is forced to cut their own prices to stay competitive, and then they aren't making the extra $40K on you anymore.
Re:Tech elites leaving San Francisco threaten Silicon Valley... by bcheung on Monday December 07, 2020 @04:04PM (#25337496)
The bay area is one of the worse places to have rental properties in the country though in terms of ratio of rental income to mortgage costs. If it wasn't for appreciation most would sell instead of try to rent out homes. Landlords aren't making their money from the rents, they are making it from the appreciation.
Re:Tech elites leaving San Francisco threaten Silicon Valley... by notSupplied on Monday December 07, 2020 @04:21PM (#25337723)
If a landowner is having trouble making a profit on rent due to high mortgage costs, that just means that the wealth was captured by the previous owner via a high sale price. So the point still stands that a disproportionate amount of wealth is flowing to land instead of capital or labor.
Re:Tech elites leaving San Francisco threaten Silicon Valley... by bcheung on Monday December 07, 2020 @04:38PM (#25337934)
Appreciation is not rent seeking though. Also, savings is what funds capital investment. There's no capital without previous profit.
Re:Tech elites leaving San Francisco threaten Silicon Valley... by CountSessine on Monday December 07, 2020 @08:35PM (#25340494)
Appreciation is not rent seeking though.

It most certainly is, if at the same time you're hanging out at city council meetings protesting construction and housing development. The cost of housing in SFBA isn't really the cost of land - its the cost of regulation. It's the marginal cost of building new housing.

Re:Tech elites leaving San Francisco threaten Silicon Valley... by throwaway201103 on Monday December 07, 2020 @05:32PM (#25338614)
Yes, in a competitive market, rent is your cash flow. It pays recurring property taxes, maintenance, and interest. It's a cliche but you really have two opportunities to make money in rental property: when you buy, and when you sell.
Re:Tech elites leaving San Francisco threaten Silicon Valley... by mrzimmerman on Monday December 07, 2020 @04:36PM (#25337907)
That's in an academically perfect economic system, and labor is not that. People have been able to get cheap engineering labor from India for decades and wages have still been climbing. Businesses choose who they hire for a variety of reasons and price is only a single factor.

Additionally, labor has a say in what they're paid as well and knowledge of what the average pay is for a given job in their country, region, or city. They can also talk to their fellow employees when they're hired and then push for a hire wage when they find out they're making less then everyone else doing the same job. Just because someone lives in Wisconsin doesn't mean they just accept any offer at a discount simply because HR has a bar chart says they should be paid 35% less then someone else.

Re:Tech elites leaving San Francisco threaten Silicon Valley... by ericmay on Monday December 07, 2020 @01:16PM (#25335095)
A few thoughts:

1. Americans need to buy and hold equities. Period. When Google cuts costs or makes more money, I benefit as a shareholder (or you can hold total market indexes and the like).

2. Maybe the money will go to new hires, capabilities, expenditures, etc. ?

3. Sure, but this is certainly a good arguing point against immigration, population growth and H1-B visa programs and the like.

4. Increase taxes on the wealthy, etc.

One arguing point I'd like to make though is that if this doesn't result in wealth redistribution (companies will pay less and this is fine) should we all begin moving to a few cities?

Re:Tech elites leaving San Francisco threaten Silicon Valley... by arcturus17 on Monday December 07, 2020 @01:29PM (#25335308)
How much equity would you need to hold to compensate for a 30-40% decrease in wages?
Re:Tech elites leaving San Francisco threaten Silicon Valley... by ericmay on Monday December 07, 2020 @01:31PM (#25335338)
Who is experiencing the decrease in wages? For many Americans the distribution of these jobs to other locations would result in an increase in wages.

Not to mention, the top companies would still hire top talent in a competitive market.

Re:Tech elites leaving San Francisco threaten Silicon Valley... by gabereiser on Monday December 07, 2020 @03:20PM (#25336862)
Exactly. This argument that cheaper workforce is out in the sticks, waiting for “remote work” is a lie corporate America has told to keep people in the office.

The truth is, no matter where you are, talent knows what talent is worth. We price accordingly and in the end the market is stable at a certain price level.

We’ve been seeing this over the last decade in major US cities competing for SF-level talent. Tech is one of the highest paid professions. Remote or otherwise. To say companies will just go hire someone cheaper assumes they can find someone cheaper.

In the end I think the real winners are rural America (or Europe or where ever you live). Having a lifeblood of capital come back to small towns and the like will decentralize our cities, improve our quality of life, reinforce the need for infrastructure, and allow innovation to solve those problems.

Exciting times.

Re:Tech elites leaving San Francisco threaten Silicon Valley... by throwaway201103 on Monday December 07, 2020 @05:37PM (#25338670)
"talent knows what talent is worth"

This is a pipe dream and quite conceited. Talent is worth what the market will pay for it. No escaping supply and demand. If you no longer need to be in the office, the labor pool is immensely expanded. Unless you think that all the smart people in the world were already working for SF employers.

Re:Tech elites leaving San Francisco threaten Silicon Valley... by ericmay on Monday December 07, 2020 @03:31PM (#25337027)
Thanks, Gabe.

And I don't think it's SV -> Rural America exclusively. Many of these jobs will filter back into medium to large sized metros across the country. Places like Columbus, Indianapolis, St Louis, Atlanta, Nashville, etc. . There are scores of talented developers in these areas that would be open to remote work, but not relocation to the major metro areas.

Re:Tech elites leaving San Francisco threaten Silicon Valley... by babesh on Monday December 07, 2020 @06:02PM (#25338948)
Is this what is actually happening? We should look at the statistics as to where people move to.

From what I can tell, people are actually mostly moving to other tech hubs (but lower priced) and to high end vacation areas. Think Austin, Denver, Park City Utah, Lake Tahoe, etc... The underlying dynamics are still at play (even tech but to a lesser extent).

Re:Tech elites leaving San Francisco threaten Silicon Valley... by ericmay on Monday December 07, 2020 @06:32PM (#25339255)
Oh no doubt these areas will see an uptick in jobs... but they won’t be the only ones.
Re:Tech elites leaving San Francisco threaten Silicon Valley... by throwaway201103 on Monday December 07, 2020 @05:39PM (#25338680)
Not to mention eastern Europe, South America, Asia, etc.
Re:Tech elites leaving San Francisco threaten Silicon Valley... by jelliclesfarm on Monday December 07, 2020 @04:29PM (#25337829)
200 acre tech village clusters in the mid west that are modern and sustainable islands. They can bring in capital and still not step on the toes of rural America if they don’t want to change the fabric of their society.

It makes me uncomfortable to think tech population from Ca descending onto unsuspecting laid back mid western towns. Integration should be gentle and respectful and with consent.

Re:Tech elites leaving San Francisco threaten Silicon Valley... by callinOutLiars on Wednesday December 09, 2020 @04:29AM (#25356828)
With consent? Shouldn’t everyone have the right to move where they want? Others it sounds like segregation.
Re:Tech elites leaving San Francisco threaten Silicon Valley... by jelliclesfarm on Wednesday December 09, 2020 @11:51PM (#25369877)
integration of silicon valley values with mid western values.
Re:Tech elites leaving San Francisco threaten Silicon Valley... by odessacubbage on Monday December 07, 2020 @10:36PM (#25341450)
my fear is that an influx of zoom professionals to places in the desirable parts of 'flyover country' will cause us to repeat the mistakes of sf and seattle in hundreds of times over across the country. most people here were still barely hanging from the recession and now the combination of rapid expansion and quickly rising prices on top of shutdowns is not giving lifeblood to the people who need it, they're being pushed out and the californians are moving in along with big box stores and sodosopa

>https://www.youtube.com/watch?v=eoUtoqeEw8U

you can excuse the resentment

Re:Tech elites leaving San Francisco threaten Silicon Valley... by gabereiser on Tuesday December 08, 2020 @01:20PM (#25349284)
Yup, you’re right, we have an existential crisis brewing in rural America with remote work and the influx of residents driving cost of housing up when residents who were there already are still struggling from the recession of 2008.

I don’t have a comment or solution to this problem (is it even a problem?) otherwise I’d suggest something. I’m just observing like others, but I will admit to browsing Zillow for a farm if remote work has staying power. I think being able to provide some stimulus economically from this will help those smaller rural businesses. I don’t know. I’m not qualified in economics to predict the outcome, only some hope and some fear of possibilities.

Re:Tech elites leaving San Francisco threaten Silicon Valley... by nostrademons on Monday December 07, 2020 @07:16PM (#25339668)
I do wonder why people assume that the beneficiaries will be American.

You can hire competent Thai or Vietnamese programmers for $20K/year on Upwork, which is a princely sum in their countries. If all you want is someone to implement a spec, they'll do the job just as good or better than any American. Why would you pay $100K/year?

Most markets bifurcate into a commoditized low-end that makes all the volume and a differentiated high-end that makes all the profits. Think Android/iPhone, Windows/Mac, TSMC/Intel, Volkswagon/Porsche, etc. The commodity low-end programmer isn't the guy in Missouri, it's the guy in Minsk or Bangkok. You're either the one making up the specs (which will probably still be in Silicon Valley, because that requires communication and trust more than coding ability), or the one implementing the specs (which can be anywhere, with commensurate wages).

Re:Tech elites leaving San Francisco threaten Silicon Valley... by momokoko on Monday December 07, 2020 @04:10PM (#25337586)
Current company just released yesterday pay tiers for those that move out of Bay Area and that is about the salary reduction most are looking at.
Re:Tech elites leaving San Francisco threaten Silicon Valley... by basseq on Monday December 07, 2020 @04:41PM (#25337972)
Aggregate price for talent probably doesn't change. Demand for talent in key markets goes down (as companies in those markets start looking for non-local talent[1]), but demand for talent in any market goes up (as non-local companies seek local talent).

So it would follow that overpriced talent in high-demand markets would see a decrease, where underpriced talent in low-demand markets would see an increase.

This would be the same concerns with offshoring as well, but that hasn't led to massive salary drops. Because there's still a big cost to switching people. If you could fire all your SF SWEs today and replace them with identical, knowledgable, fully-ramped, culture-carried SWEs in $secondary_market for half price, you would. You can't, so you threaten and you try to convince your SF SWE that you could just enough to keep their expectations low, but not so much that they actually quit.

I see a lot of companies still trying the "CoLA trick" on employees moving to secondary markets. "We can hire your position in $market for cheaper," so the argument goes. The best move there is to call their bluff: "go do it then". Most people won't do it because a) conflict is hard and b) finding a new job on top of moving is annoying. So they'll take it on the chin and just resign 6-12 months later after they're settled.

[1] In the old world, there's still a premium to convince talent to relocate. So companies in high-demand markets (e.g., SF) either have to pay +x% to tap non-local talent and get them to move to the high-demand market (where they become local talent).

Even in the new world, non-local talent isn't going to sit by and let themselves be underpaid. "I'm doing the exact same thing, delivering the exact same value, but someone is getting paid 30% more to sit in the office? Oh, and you don't even pay for my home office?"

Re:Tech elites leaving San Francisco threaten Silicon Valley... by throwaway45349 on Monday December 07, 2020 @01:30PM (#25335327)
> Increase taxes on the wealthy, etc.

Anyone working for a Silicon Valley company as an engineer is almost certainly considered "the wealthy" by most of America.

Re:Tech elites leaving San Francisco threaten Silicon Valley... by sandworm101 on Monday December 07, 2020 @01:38PM (#25335430)
>> Anyone working for a Silicon Valley

Depending on your definition of wealthy, "anyone working" full stop. A large number of americans do not work (too young/old etc). Others are sick. Many at the top of society don't earn much income (tax voodoo). And automation is coming. If we define "wealthy" as the top 25/15/10% of wage earners, how soon before that is basically just anyone with a fulltime job?

Re:Tech elites leaving San Francisco threaten Silicon Valley... by iso1631 on Monday December 07, 2020 @02:03PM (#25335774)
Wealthy is about how much wealth you have, not your income.

In 2020, $121,411 was the median household net worth in the United States. This is up from $97,225.55 in 2017.

The average household net worth in 2020 was $746,821. It was $692,100 in 2017.

The disparity between these two numbers is itself a major problem, but not the point. If you have a net work of $120k you aren't wealthy, even if you earnt that all in the last month.

The way you get from having no wealth to having an average amount is by working harder and earning more. However the tax system is built to punish people who earn more money from work, and reward people who gain more wealth through things like capital gains -- you pay more tax if you increase your wealth by a dollar from working than from the side-effect of being already wealthy and seeing your assets gain value. You're also far more likely to have higher outgoings if you're working (higher cost to live near a high paying job, commuting costs etc)

If you are on the median ohio wage on 37k a year, so $30,427.47 net, and spending 37k to live, your wealth doesn't increase.

If you work an extra 1k, you take home $31,202.47 -- $775, 22.5% tax.

If you make 1k in capital gains, you keep $971, 3% tax.

Look at twice median wage of 74k a year. Take home 57,439.49. Extra $1k will give you 58,109.69, an extra $670 - 33% tax.

Make 1k in capital gains and you pay 18% tax.

Earn 10 times the median wage at $370k and you keep 239,713.20, 42% tax.

Get 1k in capital gains and you keep $764, 24% tax.

https://dqydj.com/average-median-top-net-worth-percentiles/

https://www.thebalance.com/breakdown-of-average-monthly-hous...

https://goodcalculators.com/us-salary-tax-calculator/ohio/

https://smartasset.com/investing/capital-gains-tax-calculato...

Re:Tech elites leaving San Francisco threaten Silicon Valley... by philwelch on Monday December 07, 2020 @04:51PM (#25338090)
You have an interesting thesis here but I think there are some logical consequences you aren’t considering. Prior to COVID the US personal savings rate was under 10%, lower than that of countries like China and India, both of which are materially poorer than the US on a per-capita basis. Relatedly, Americans also have extremely high levels of consumer debt.

When you consider just how low US individual income tax rates are by global standards, it’s obvious that disparities in net worth have a lot to do with the fact that a large share of Americans, regardless of their income, effectively choose to live from paycheck to paycheck on the brink of personal insolvency.

Re:Tech elites leaving San Francisco threaten Silicon Valley... by chii on Monday December 07, 2020 @08:10PM (#25340245)
I often hear arguments about capital gains taxes being an unfair advantage, and that it should be taxed the same as income.

But often these arguments don't present a full picture - because it only discusses the end result of the dollar received and compare the tax rates.

What about the risk? A job-income is 100% guaranteed to be received if one worked. Even if the business paying the said wage doesn't make a profit, they still have to pay the wage. The owner cops the loss.

Therefore, to encourage investments, the taxes are lowered on the profits of such type of investment (which is what capital gains are). The person trying to make capital gains income has to take on a risk that a wage earner doesn't, because the capital gains aren't guaranteed.

If capital gains are taxed the same, you will find that there will be less investments, which leads to less jobs and less wealth overall.

Re:Tech elites leaving San Francisco threaten Silicon Valley... by iso1631 on Tuesday December 08, 2020 @07:29AM (#25344326)
> If capital gains are taxed the same, you will find that there will be less investments, which leads to less jobs and less wealth overall.

So you're saying people don't work because they are taxed at a higher rate than capital gains?

Re:Tech elites leaving San Francisco threaten Silicon Valley... by chii on Tuesday December 08, 2020 @08:29AM (#25344732)
well, you can interpret my words in a wrong way to try to make a point, or you can admit that taxation discourages the thing being taxed.

Higher capital gains tax discourages investment. If income tax is higher, it indeed does stop people from working (as much). But we are talking about raising capital gains tax, not raising income tax.

Re:Tech elites leaving San Francisco threaten Silicon Valley... by stainforth on Monday December 07, 2020 @10:58PM (#25341592)
The person with a job and the person "risking" their billions in capital are not comparable.
Re:Tech elites leaving San Francisco threaten Silicon Valley... by chii on Tuesday December 08, 2020 @12:09AM (#25342103)
from a financial perspective, the job comes with zero (or near zero) monetary risk.

The person risking "billions" in capital is taking "billions" in monetary risk (the weighting depending on what the investment is - bonds are less risky than shares, for example).

Re:Tech elites leaving San Francisco threaten Silicon Valley... by iso1631 on Tuesday December 08, 2020 @07:28AM (#25344321)
And they stand to gain far more than someone working for $20 an hour.

Over the last 50 years the values of investments have far far outpaced growth in earnings. If a millionaire doesn't invest and make captial gains, what does he do with his money? Keep it in a box under the bed?

Re:Tech elites leaving San Francisco threaten Silicon Valley... by chii on Tuesday December 08, 2020 @08:36AM (#25344802)
> And they stand to gain far more than someone working for $20 an hour.

And a lawyer gets paid $200/hr. What are you comparing? I'm not talking about whether it's "fair" that someone can be earning so little when there exists billionairs. That's for the philosophers and social commentators to endless debate.

But someone working for $20/hr earns that money, with zero risk of not receiving it after services rendered. Someone investing money is not guaranteed a return.

> If a millionaire doesn't invest and make captial gains, what does he do with his money?

So you're saying that because said millionaire has "no choice", he would be forced to invest and thus, society could leech more off him?

Re:Tech elites leaving San Francisco threaten Silicon Valley... by iso1631 on Tuesday December 08, 2020 @11:30AM (#25347461)
I'm asking that if the millionaire was taxed at the same rate then what would he do with his money instead of investing it?

Same principle with a lawyer being paid $200 an hour, or an actor on $2000 an hour.

Morally I'd say that the millionaire who is rent seeking should be taxed more than those working, but parity would be a start

You make investing seem like gambling. Seems that the IRS treat gambling as earned income, not unearned income.

Re:Tech elites leaving San Francisco threaten Silicon Valley... by heavyset_go on Monday December 07, 2020 @04:22PM (#25337730)
Wealthy people don't need to work to eat, keep a roof over their head, see a doctor, or live a lavish lifestyle.
Re:Tech elites leaving San Francisco threaten Silicon Valley... by ericmay on Monday December 07, 2020 @01:31PM (#25335342)
Yep.
Re:Tech elites leaving San Francisco threaten Silicon Valley... by bendbro on Monday December 07, 2020 @01:37PM (#25335411)
> 1. Americans need to buy and hold equities. Period. When Google cuts costs or makes more money, I benefit as a shareholder (or you can hold total market indexes and the like).

Yes, but it is not good that your "compensation" will be coming from something that isn't tied to your job performance. Wages at least have some tenuous connection to how well you perform at work.

> 2. Maybe the money will go to new hires, capabilities, expenditures, etc. ?

Based on recent trends, this will not happen.

> 3. Sure, but this is certainly a good arguing point against immigration, population growth and H1-B visa programs and the like.

Yes, definitely.

> 4. Increase taxes on the wealthy, etc.

Yes, or nationalize the banks.

Re:Tech elites leaving San Francisco threaten Silicon Valley... by ericd on Monday December 07, 2020 @02:53PM (#25336425)
Why is it bad that part of your compensation comes from things that aren't tied to your performance at work?
Re:Tech elites leaving San Francisco threaten Silicon Valley... by Proziam on Monday December 07, 2020 @03:08PM (#25336646)
> Yes, but it is not good that your "compensation" will be coming from something that isn't tied to your job performance. Wages at least have some tenuous connection to how well you perform at work.

It also doesn't account for the fact that these equities can lose substantial value, or may be over-valued.

> Yes, or nationalize the banks.

Re-implement the Glass-Steagall Act, or similar. Nationalization leaves the levers of power in the hands of the wrong people. Keeping commercial and investment banking separate while implementing strong consumer protections was shown to work well in the past. Also, it has shown that the repeal massively reduced the amount of banks (killing competition) so it stands to reason that trend could be reversed and improve the consumer banking experience over time.

Re:Tech elites leaving San Francisco threaten Silicon Valley... by jelliclesfarm on Monday December 07, 2020 @04:24PM (#25337766)
> 4. Increase taxes on the wealthy, etc.

This won’t work. When the tech exodus begins, it’s going to cause CA to buckle at its knees because the wealthy has been subsidizing more than 80% of the population. It is not sustainable or healthy at all to suckle at the teat of the wealthy.

We should abolish all taxes and only retain taxes based on consumption. And a flat modest capital gains tax. With dedications gone, this might actually bring in more public money.

Public spending will also decrease if we figure a way out of unfunded pension liabilities. This is huge. Don’t know how it can be resolved.

Re:Tech elites leaving San Francisco threaten Silicon Valley... by DeRock on Monday December 07, 2020 @04:50PM (#25338087)
> the wealthy has been subsidizing more than 80% of the population

CA does not tax wealth, they tax (predominately) income, and I wouldn't be so quick to equate the 2. Prop 13, for example, can mean that wealthy land owners pay almost nothing in tax if they've owned their property for a long time.

Re:Tech elites leaving San Francisco threaten Silicon Valley... by rcpt on Monday December 07, 2020 @05:17PM (#25338444)
> Prop 13

https://www.taxfairnessproject.org/ generally the wealthier you are the bigger your tax cut.

Re:Tech elites leaving San Francisco threaten Silicon Valley... by eikenberry on Monday December 07, 2020 @03:04PM (#25336593)
The one thing people seem to keep forgetting about when talking about this race to the bottom is how hard it is to find good software authors. My company is fully remote and global and it is still really hard to find good people. I really don't see much of a change given the current unmet, and rising, demand.
Re:Tech elites leaving San Francisco threaten Silicon Valley... by heavyset_go on Monday December 07, 2020 @04:25PM (#25337779)
I hear this a lot from employers, but more often than not, they are not willing to offer competitive compensation for the level of talent they wish to attract.
Re:Tech elites leaving San Francisco threaten Silicon Valley... by gwright on Monday December 07, 2020 @05:54PM (#25338863)
That is just another way of saying that good talent is scarce.
Re:Tech elites leaving San Francisco threaten Silicon Valley... by kbos87 on Monday December 07, 2020 @04:18PM (#25337674)
Agree with this. If a purely cost driven race to the bottom is inevitable, it already would have happened. I think what’s going on right now increases the competition for roles that some people may have previously had a geographic advantage over others in obtaining, but I don’t think this means that advantage is gone, nor do I think it’s a zero sum game. There may be some downward wage pressure, but if cost was your only motivator as an employer, you were probably already hiring remote teams in low cost markets.
Re:Tech elites leaving San Francisco threaten Silicon Valley... by NonEUCitizen on Monday December 07, 2020 @04:38PM (#25337932)
How much does your company pay?
Re:Tech elites leaving San Francisco threaten Silicon Valley... by aborsy on Monday December 07, 2020 @04:40PM (#25337960)
I think you greatly underestimate global talent for some reason.
Re:Tech elites leaving San Francisco threaten Silicon Valley... by eikenberry on Wednesday December 09, 2020 @08:26PM (#25368340)
I think you greatly underestimate the global demand.
Re:Tech elites leaving San Francisco threaten Silicon Valley... by shoguning on Monday December 07, 2020 @03:30PM (#25337012)
> The bottom is still decently high even in Midwest cities

Yes, and I also see the push for remote work also affecting the demand side of the software labor market as well as the supply. There will be even more push for good collaboration/communication work process software. It's still a fast growing market.

Re:Tech elites leaving San Francisco threaten Silicon Valley... by kodah on Monday December 07, 2020 @04:53PM (#25338132)
Former Texan here! You will not get RSU's or bonuses as an engineer in Texas. You will get cash and insurance. If you doubt me, feel free to go on an interview and ask about those things!

I can tell you there's a reason I left Texas and it's because cash doesn't do to your savings what RSU's and bonuses will.

Re:Tech elites leaving San Francisco threaten Silicon Valley... by brandonscott on Monday December 07, 2020 @07:02PM (#25339541)
I'm an engineer in Austin. We definitely get bonuses and I have RSUs at my current company.
Re:Tech elites leaving San Francisco threaten Silicon Valley... by kodah on Tuesday December 08, 2020 @04:46AM (#25343512)
It's good to hear that's changed. When I was in Dallas that was certainly not the case.
Re:Tech elites leaving San Francisco threaten Silicon Valley... by ericmay on Monday December 07, 2020 @06:05PM (#25338974)
Companies here in Ohio do both RSU and bonuses. Sometimes one or the other, sometimes a mix as part of total compensation.
Re:Tech elites leaving San Francisco threaten Silicon Valley... by birdyrooster on Monday December 07, 2020 @12:51PM (#25334724)
We’ve been trying to hire these people for ages locally and remotely and we still couldn’t find them so I have no idea where you think all the talent was hiding until covid 19.
Re:Tech elites leaving San Francisco threaten Silicon Valley... by gopalv on Monday December 07, 2020 @01:26PM (#25335270)
> no idea where you think all the talent was hiding until covid 19

The talent isn't being converted from potential - as was recently said, "You can't be what you can't see".

I was in Kansas City meeting people in Jan and it's pretty clear that there's a lot of talent hiding out there in downtown Missouri.

The talent there tops out at SSE because there's no vertical space without jumping to management & two years down the folks know are "mid-west-nice" managers with an iron fist behind it.

Several people who should've chased down the principal engineer roles have become these sorts of managers who never made it to directors because they're always been better devs than they were managers. And this seemed twice as bad for the young uns to have a dev-heavy manager squash a few of their attempts to actually own decisions, instead of just proposing them & see that role as a way to get that ability.

Most folks though things would be different if they had moved to SFBA, but all of them hit this point when they already had kids in school with stable single-income households (house all paid for).

In fact, I'd be one of those people in Bangalore if I had a bit more skills as a manager (completely sucking at management is a good way to be forced to chase the dev side).

If they could hired as a principal dev via remote out of being promising senior se, then this process would actually convert a lot of the talent into actual productivity in the industry.

Re:Tech elites leaving San Francisco threaten Silicon Valley... by chris11 on Monday December 07, 2020 @10:06PM (#25341219)
> The talent there tops out at SSE

That was my experience at an F500 in the midwest. I wasn't a senior engineer but I was doing the same type of work as the seniors on my team. And I felt like my role could have more ownership. They did have team leads, a few architects, and agile related roles. But there wasn't much else for devs who didn't want to be managers.

My current company in the bay area is a lot better. I feel like I have more ownership, and the IC roles are more granular. I think technically senior can be terminal, and staff/principal roles here require influencing other teams. But my company has thought about promoting ICs, and I clearly see how staff/principals have a more challenging job.

Re:Tech elites leaving San Francisco threaten Silicon Valley... by ip26 on Monday December 07, 2020 @02:48PM (#25336332)
To clarify, you're saying that limited career growth opportunity at satellite sites is stunting the talent development at that locale?
Re:Tech elites leaving San Francisco threaten Silicon Valley... by gopalv on Monday December 07, 2020 @04:06PM (#25337524)
Not satellite offices, I was specifically talking about employers who are entirely local.

Yes, the strong incentive is to stay put, stick to the local employer as long as you can and still get a role that pays more money. The skills you get from sticking around just make it harder to shift as well sometimes. The output gets equated to talent - "built my sixteenth monolith .NET CRUD web app" is not as well respected as it should be.

For example, there's folks in Portland who are looking at the Nike CEO situation with great trepidation - talented people who would do very well in a new job, assuming they don't need to move.

Re:Tech elites leaving San Francisco threaten Silicon Valley... by chucky_z on Monday December 07, 2020 @01:26PM (#25335263)
I agree with this. I cannot find talented and senior folks who fill the niche of my team (deep understanding of Linux systems, containers, and operating distributed systems). There seem to be a lot of SWEs in the world and very few SREs, let alone vanilla systems administrators for hire who are really good.

I think as an industry everyone is pushed towards software engineering and the large clouds have vacuumed up everyone worth their weight for operations. We make it happen but it’s so stressful because our team and workload balance is so far out of whack.

Re:Tech elites leaving San Francisco threaten Silicon Valley... by Fordec on Monday December 07, 2020 @02:57PM (#25336483)
SREs get treated like a cost center and no career progression. The majority by volume of sysadmins were automated out by the wave of cloud vendors, leaving over a decade now of undertraining. Those who are left are mostly mission critical unfireable greybeards.

SWE get to work on new products and get career growth towards bigger and more interesting projects as reward for delivery

Of course people focus on where the opportunities are. It's not the fault of an individual company but an overall industry mindset. "Reward it or lose it" should be a mantra of availability in technical industry expertise.

Re:Tech elites leaving San Francisco threaten Silicon Valley... by chucky_z on Monday December 07, 2020 @03:11PM (#25336722)
It's really unfortunate. Cloud allows rapid iteration, but doing a bit of self-hosting/colocation is such an insane cost savings that I think a lot of folks are really missing out on. I know at least 1 startup I worked at that would've had a more comfortable runway had they not went wholesale into AWS instead of playing it smart with hybrid. Paying a small team of folks even an astronomical salary to keep a small number of servers up 24/7 and use cloud where it makes sense (S3, elastic CI/CD with EC2) should still be saving some companies 6+ figures a month.
Re:Tech elites leaving San Francisco threaten Silicon Valley... by mixmastamyk on Monday December 07, 2020 @03:06PM (#25336611)
You train them, remember that? :D
Re:Tech elites leaving San Francisco threaten Silicon Valley... by chucky_z on Monday December 07, 2020 @03:12PM (#25336749)
This is legitimately what we're doing. We're bringing in really junior folks and spending years training/improving them. Unfortunately that doesn't help now. I thought it would be easier this year to hire due to COVID and layoffs, but it just hasn't been.
Re:Tech elites leaving San Francisco threaten Silicon Valley... by selimthegrim on Monday December 07, 2020 @03:21PM (#25336899)
Did you post in Who’s Hiring? :)
Re:Tech elites leaving San Francisco threaten Silicon Valley... by chucky_z on Monday December 07, 2020 @09:01PM (#25340717)
The company I work for did. I asked to edit the post to add my specific posting and they said it couldn't be done. It'll be there next month though!
Re:Tech elites leaving San Francisco threaten Silicon Valley... by mixmastamyk on Tuesday December 08, 2020 @05:02PM (#25351989)
It helps now if you started a year or two ago. ((sad trombone))
Re:Tech elites leaving San Francisco threaten Silicon Valley... by kec on Monday December 07, 2020 @01:56PM (#25335689)
The same talent will be hired, they'll just be paid far less if they aren't in a HCOL area because they can be. Businesses don't want to pay more money than they have to and are ultimately in a much, much better position to play hardball than individual ICs, "rockstar" or no.

The fact that some folks think so highly of themselves that they don't believe this to be true in their case is just hubris.

Re:Tech elites leaving San Francisco threaten Silicon Valley... by etimberg on Monday December 07, 2020 @12:54PM (#25334775)
A lot of people, myself included, have been quite hesitant to work remotely until now. I've been pleasantly surprised how well it's gone and would consider a remote position in the future but I think it'd have to be a fully remote team. When offices do return, being one of a few remote workers means you will likely be left out of a lot of teambuilding, conversations, etc.
Re:Tech elites leaving San Francisco threaten Silicon Valley... by PopeDotNinja on Monday December 07, 2020 @01:03PM (#25334904)
Every team I've been on since 2015 has been distributed, even when my job is "onsite". Sometimes we're in multiple offices, or we have people in the office & people working from home, but the net effect is almost no one can count on going to an office and only working w/ people in the same physical office. We're all largely working remotely anyway, but we're just not being honest about it.
Re:Tech elites leaving San Francisco threaten Silicon Valley... by harikb on Monday December 07, 2020 @01:08PM (#25334971)
This may be the biggest societal contribution from the pandemic, if and when we survive it
Re:Tech elites leaving San Francisco threaten Silicon Valley... by coffee on Monday December 07, 2020 @01:51PM (#25335606)
The bigger problem that I've run into is that most employers don't know how to recognize talent.
Re:Tech elites leaving San Francisco threaten Silicon Valley... by theflyinghorse on Monday December 07, 2020 @01:53PM (#25335629)
It seems that wages are a lot lower in lower cost of living areas. So what makes it that a developer in SF is much more expansive than the one in, let's say, Chicago?

Or let's flip it around, move the same developer from Chicago to SF and they will suddenly make more money.

I can only imagine that cost of living is the main factor. Naturally there will be a tiny minority of truly brilliant builders and engineers, but we are not talking about them as they are outliers.

Re:Tech elites leaving San Francisco threaten Silicon Valley... by bluedino on Monday December 07, 2020 @03:07PM (#25336643)
>> So what makes it that a developer in SF is much more expansive than the one in, let's say, Chicago?

One is more likely to have more experience with startups/trendy new tech.

The other could probably work with it, but the other one already has.

Re:Tech elites leaving San Francisco threaten Silicon Valley... by mixmastamyk on Monday December 07, 2020 @03:08PM (#25336658)
Tech hiring is broken, more than likely they were right under your nose the whole time.
Re:Tech elites leaving San Francisco threaten Silicon Valley... by bcheung on Monday December 07, 2020 @04:18PM (#25337690)
I think for Ops / sysadmin work this is probably more true than general software engineering. Ops people tend to cluster in the bay area more. Probably because Ops work used to be more "physical hands" dealing with physical servers which requires being onsite.
Re:Tech elites leaving San Francisco threaten Silicon Valley... by nph5667 on Monday December 07, 2020 @01:47PM (#25335534)
From my own experience, it's just not a good time to change a job no matter how enticing it sounds.
Re:Tech elites leaving San Francisco threaten Silicon Valley... by Afton on Monday December 07, 2020 @02:34PM (#25336153)
I started a new job in April. Between when I interviewed and when I was started, offices shut down. It's been great.

The fact that everyone is remote is actually a great 'leveler', since the company has a 'main office' and a few satellite offices in other cities. I'm not affiliated with the 'main office', but I actually am concerned that I'll suffer career-wise once the company goes back to in-office, since I'll be in a satellite office missing out on casual-but-important lunch/coffee/hallway conversations.

So, from my perspective, it's a great time to change jobs. YMMV.

Re:Tech elites leaving San Francisco threaten Silicon Valley... by nph5667 on Monday December 07, 2020 @05:57PM (#25338883)
Sorry for not understanding, but I still don't quite get why is it a good time? From the description of your situation it looks like any new job right now is a temporal job. At least that's how I read it.
Re:Tech elites leaving San Francisco threaten Silicon Valley... by Afton on Monday December 07, 2020 @11:08PM (#25341657)
I mean that everyone who wants to work remotely, now actually has the opportunity to do so, and since everyone is working remote, you are not at a disadvantage based on your remote status. That may change in the future, it may not. But right now, changing jobs doesn't seem like a 'bad time', which is what the parent poster was claiming.
Re:Tech elites leaving San Francisco threaten Silicon Valley... by nph5667 on Tuesday December 08, 2020 @06:07AM (#25343869)
Ah, I see. But I was trying to say that I do not want to change a job right now because of the global uncertainty, not that it is harder for me to do it.
Re:Tech elites leaving San Francisco threaten Silicon Valley... by vl on Monday December 07, 2020 @03:07PM (#25336645)
>They will soon realize they don't need to pay SF wages.

The reason they pay “SF wages” is because they can’t hire talent at other prices, not because of some goodness of the heart. While total talent pool might be slightly expanded with people who didn’t want to move to SF previously, overall it’s not going to be a big shift.

Re:Tech elites leaving San Francisco threaten Silicon Valley... by three_seagrass on Monday December 07, 2020 @04:01PM (#25337459)
For talent that needs to come to live and work in the Bay Area. Remove that need, suddenly wages are normalized for the area the talent lives in.
Re:Tech elites leaving San Francisco threaten Silicon Valley... by baron_harkonnen on Monday December 07, 2020 @02:16PM (#25335926)
Having had a fairly long tech career working in small, non-SF cities, even getting paid 70-80% of a Bay area salary, I can tell you that this allows you to live very, very well.

Bay area salaries are much larger than most other jobs (tech or not) in small cities. I recall local tech companies offering 1/2 to 1/3 of what you would get paid for average (non-FAANG) work in the Bay. In most smaller cities in the US > $100k is still quite a lot for a household, let alone a single income. If take that income outside of even small towns to more rural areas, $100k can allow you to live very, very well.

Sure eventually we'll see salaries reach an equilibrium, where local tech companies have to offer more and big tech companies will offer less. However, for the next few years, if you're coming from a Bay Area company, you can take a pretty major cut to TC and still live extremely well. You don't have to move to the middle of nowhere for this to be the case either.

Re:Tech elites leaving San Francisco threaten Silicon Valley... by ummonk on Monday December 07, 2020 @03:18PM (#25336835)
Depends on how much you value housing size / quality. You can't get a big house in the Bay Area but if you opt for something smaller you get a lot more disposable income to spend on other luxuries.
Re:Tech elites leaving San Francisco threaten Silicon Valley... by giantrobot on Monday December 07, 2020 @06:11PM (#25339033)
Uh...not really. Tiny piece of shit houses built in the 60s still go for a million plus in much of the SFBA. The problem is there's a real housing shortage so there's untenable minimum prices for houses.

At a million dollars you need a fairly large household income to afford luxuries beyond your house. Even putting down 25% on the house with a good 30 year fixed rate loan you'd be looking at just under $4k a month for your mortgage. After utilities you're easily over $4k a month. If you scrimped you could maybe keep your other household costs under $500 a month (realistically you're looking at $1k). So you're looking at a take-home of $4.5-5k to just stay afloat.

That's all for a shitty house that needs work, doesn't have great insulation, and doesn't have a lot of usable space. If you're 30 when you buy they place you only have to keep that income until you're 60 or hope that you build a ton of equity in the meantime and cash out.

That's the minimum for most of the SFBA. There's plenty of places with even more outrageous prices for shitty houses. To buy a house for not completely outrageous prices you need to go pretty far afield with hour plus commutes.

Treating yourself to ramen once a week is not a luxury.

Re:Tech elites leaving San Francisco threaten Silicon Valley... by joshuamorton on Tuesday December 08, 2020 @02:12AM (#25342728)
> After utilities you're easily over $4k a month. If you scrimped you could maybe keep your other household costs under $500 a month (realistically you're looking at $1k). So you're looking at a take-home of $4.5-5k to just stay afloat

This is more than accessible to tech workers at public companies. A 150k income is going to be ~7k a month after taxes. Tier one employers pay significantly more than that to new grads, and pretty much everyone reputable in the bay pays more than that to experienced people. So yeah, single income can absolutely afford a home.

Obviously someone with student loans can't do that as quickly, but otoh a dual income family could put $2M down in cash before they turn 30 given moderate success. (Or another way of looking at this is a moderately successful mid-20s SWE can bank 100k/yr after all expenses and retirement savings, without budgeting strictly. That's ridiculous)

Re:Tech elites leaving San Francisco threaten Silicon Valley... by giantrobot on Tuesday December 08, 2020 @10:13PM (#25354905)
Who is offering new grads $150k regularly? What new grad making $150k is going to qualify for a loan on a million dollar house? Where are they getting a down payment? Where are they saving up hundreds of thousands with $3-4K rents before other expenses? How the shit is a dual engineer income saving up $2m in cash by the time they're 30 even with no student loans?

A SWE in their 20s banking $100k a year? Must be nice.

Re:Tech elites leaving San Francisco threaten Silicon Valley... by joshuamorton on Wednesday December 09, 2020 @03:42AM (#25356605)
> Who is offering new grads $150k regularly?

Google, Amazon (and subsidiaries like Twitch), Microsoft (and subsidiaries like Github), Facebook, Linkedin, Stripe, Square, Lyft, Uber, Snap, Oracle, Apple, Dropbox, Box, Nvidia, Twitter, Slack, Salesforce, ByteDance and a slew of others. And I'm including only companies that pay out 150K in cash equivalents (cash + annual bonus + liquid stock) in that list.

After a promotion, that list probably doubles in size.

> What new grad making $150k is going to qualify for a loan on a million dollar house?

I don't think I ever suggested this. What I did suggest is that someone who graduates at 22 or 23 (and, with the big caveat that they do so with little to no existing debt), gets a 150K starting comp, and has even a modest amount of career growth will be able to save a whole bunch of money in their late twenties.

> A SWE in their 20s banking $100k a year? Must be nice.

Like I said, its absolutely ridiculous.

Re:Tech elites leaving San Francisco threaten Silicon Valley... by scelerat on Monday December 07, 2020 @02:02PM (#25335765)
The SF-based company I work for has already announced wage adjustments for employees who relocate out of the region. They haven't happened yet, but the company has given everyone a "heads up; it's on the table."
Re:Tech elites leaving San Francisco threaten Silicon Valley... by rrrrrrrrrrrryan on Monday December 07, 2020 @05:15PM (#25338413)
My company of about 4000 people ran the numbers after the dust settled from transitioning to remote work, and determined that we're about 30% less productive. This was deemed acceptable, and we've been hiring to close that gap.

It would not surprise me at all if companies became more open to hiring remote employees, but started paying them 20% - 30% less, and extended the offer to transition to WFH (with a salary adjustment) for existing employees as well.

Re:Tech elites leaving San Francisco threaten Silicon Valley... by asdfasgasdgasdg on Monday December 07, 2020 @02:36PM (#25336170)
Would be odd to expect otherwise. In general, companies are going to pay market rate a.k.a. what they must to attract talent. Someone who has a much lower cost of living may be willing to accept much lower compensation to work for the same company. If you expect the company to continue paying you that much despite a change in your situation you're doomed to disappointment.
Re:Tech elites leaving San Francisco threaten Silicon Valley... by xtat on Tuesday December 08, 2020 @12:53AM (#25342343)
I've worked for several and relocated, nobody ever tried this. I can't imagine a company being so attractive that it would make sense to stay in such a role under the circumstances.
Re:Tech elites leaving San Francisco threaten Silicon Valley... by fxj on Monday December 07, 2020 @01:09PM (#25334983)
As an employer I am looking for an expert who does excellent work. I don't care where he is located and I am willing to pay good money for good work. Experts are a rare resource which will always be expensive no matter where they are located. My 2 ct.
Re:Tech elites leaving San Francisco threaten Silicon Valley... by thothamon on Monday December 07, 2020 @03:42PM (#25337196)
Agreed. Unless the long-term need for software begins to decline, if you are skilled, hard-working, and able to communicate and work well with others, a lot of people will hire you.
Re:Tech elites leaving San Francisco threaten Silicon Valley... by coffee on Monday December 07, 2020 @01:53PM (#25335633)
> They will soon realize they don't need to pay SF wages.

This isn't new, it's already been realized long ago. I've been working remote for ~10 years and there is always a location modifier in the salary.

Re:Tech elites leaving San Francisco threaten Silicon Valley... by BurningFrog on Monday December 07, 2020 @02:46PM (#25336314)
I've seen a lot of predictions for "races for the bottom" over the years, and yet it's hard to remember one that actually happened.

Economies usually don't work like that.

Even if some version of that happens, it will still pay off to move out of SF.

I think one of the big problems in the US is that growth and wealth are concentrated to a few hyper rich coastal cities, where most people can't afford to move. While large parts of the country is relatively impoverished.

If that ends up being spread around more evenly, I think that's only good. Even if I personally might get a pay cut.

Re:Tech elites leaving San Francisco threaten Silicon Valley... by geodel on Monday December 07, 2020 @05:29PM (#25338586)
It has already happened for manufacturing. Now US still is home to lot of high end manufacturing. But the point it no longer offers middle class living to millions of Americans.

Now I do understand that of software people believe that programing is somehow special and can't be done in effective manner remotely or third world site at far lower cost.

I have few observations here:

1) With massive proliferation of frameworks the creative/ intellectual input is increasing minimal for most of commercial work. And that's where most of the software devs are employed.

2) A lot of work is low quality that companies do not care because same mentality of cheap use and throw stuff is prevailing now for enterprise apps as it is for consumer stuff.

3) Looking at lot of software produced by top valley companies is buggy, bloated and feels generally crappy. I do not believe all of it is just due to companies' strategy of being first to market. A lot of it seems because of same low quality CRUD peddlers who fill office floors of fortune 500 companies.

Re:Tech elites leaving San Francisco threaten Silicon Valley... by BurningFrog on Monday December 07, 2020 @07:14PM (#25339655)
> Now I do understand that of software people believe that programing is somehow special and can't be done in effective manner remotely or third world site at far lower cost.

I've spent decades among software people and never heard this said.

The outsourcing to India etc is 2+ decades old already FFS! What impact it's had on US wages is hard to say, but it's been very good for a lot of third world engineers!

Re:Tech elites leaving San Francisco threaten Silicon Valley... by lotsofpulp on Monday December 07, 2020 @04:22PM (#25337737)
>I think one of the big problems in the US is that growth and wealth are concentrated to a few hyper rich coastal cities, where most people can't afford to move. While large parts of the country is relatively impoverished.

This statement can be generalized to:

"I think one of the big problems in the world is that growth and wealth are concentrated to a few hyper rich countries, where most people can't afford to move. While large parts of the world are relatively impoverished."

Re:Tech elites leaving San Francisco threaten Silicon Valley... by balfirevic on Monday December 07, 2020 @05:07PM (#25338313)
It's worse when you generalize it to countries, because "can't afford to move" becomes "is not allowed by law to move".
Re:Tech elites leaving San Francisco threaten Silicon Valley... by throwaway1777 on Monday December 07, 2020 @04:00PM (#25337446)
Economic growth would come from bringing other areas up, not dragging the coasts down.
Re:Tech elites leaving San Francisco threaten Silicon Valley... by ibarea23 on Monday December 07, 2020 @01:21PM (#25335182)
It will just continue to bifurcate more. Highly skilled people will still kill. People that mostly benefitted from being in the Bay are fucked. High-end positions outside the Bay pay Bay salaries.
Re:Tech elites leaving San Francisco threaten Silicon Valley... by iEchoic on Monday December 07, 2020 @10:49PM (#25341543)
> They will soon realize they don't need to pay SF wages . . . I predict a race for the bottom.

Remote companies that attempt to race for the bottom will be at a huge competitive disadvantage against remote companies that don't. Over time, they'll learn and adapt (or they'll die).

The biggest misconception about remote work is that remote work is good because don't have to pay bay area salaries. When you do that, you're broadening your talent pool, and you're then limiting yourself to the bottom half of it.

When you pay Silicon Valley salaries (or higher) for remote work, you broaden your talent pool to the entire world, and then you get to select from the very top tier. We've been doing this for years, now, and it still feels like an undiscovered gold mine hiding in plain sight.

Re:Tech elites leaving San Francisco threaten Silicon Valley... by sjg007 on Monday December 07, 2020 @02:19PM (#25335969)
I doubt it, software is eating the world, there aren't enough engineers and we see productivity gains like the cloud where you can basically run a global scale business with just a handful of people. We will probably see more of those companies than less.
Re:Tech elites leaving San Francisco threaten Silicon Valley... by foolfoolz on Monday December 07, 2020 @02:25PM (#25336027)
when the work is remote we don’t need remote-california to save 10% on wages. we will go to remote-ukraine or estonia and hire twice as many engineers
Re:Tech elites leaving San Francisco threaten Silicon Valley... by freyir on Monday December 07, 2020 @02:58PM (#25336500)
Companies could already outsource their development to Estonia or Ukraine (and done do) but there are many hidden costs to this.
Re:Tech elites leaving San Francisco threaten Silicon Valley... by jimbokun on Monday December 07, 2020 @04:46PM (#25338026)
You are really late to this party, this has been happening since the late 90s.
Re:Tech elites leaving San Francisco threaten Silicon Valley... by thothamon on Monday December 07, 2020 @03:38PM (#25337139)
And then you would be committing the classic blunder. Putting more engineers on a late project makes it later.
Re:Tech elites leaving San Francisco threaten Silicon Valley... by giantrobot on Monday December 07, 2020 @06:25PM (#25339187)
As talented as the Ukrainian or Estonian engineers might be you're unlikely to see any real savings over time. Just scheduling things a full work day apart in time zones is really difficult. Effectively communicating is even more difficult. Then there's stupid little shit like one machine in a remote office set to a different locale than the main office that breaks things in stupid ways.

Engineering throughput definitely doesn't scale linearly with the size of the engineering team. Good on you for never having managed to have heard of Fred Brooks though.

Re:Tech elites leaving San Francisco threaten Silicon Valley... by sjg007 on Monday December 07, 2020 @03:06PM (#25336629)
They already do!! Still not enough engineers.
Re:Tech elites leaving San Francisco threaten Silicon Valley... by jmnicolas on Monday December 07, 2020 @02:40PM (#25336229)
> employers also realize they can have employees work from home.

I think it's even worse than that. Once they realize that you're working from home, why wouldn't they hire someone much cheaper abroad?

I hope I'm wrong but I think in less than 5 years people will regret this WFH thing.

Re:Tech elites leaving San Francisco threaten Silicon Valley... by freyir on Monday December 07, 2020 @02:55PM (#25336452)
They’ve tried countless times for the last 30+ years. It has not ended well.

Maybe this time is different with the advent of better online collaboration tools. But these tools do little to help with real-time communication across time zones and language barriers.

Re:Tech elites leaving San Francisco threaten Silicon Valley... by txsoftwaredev on Monday December 07, 2020 @02:48PM (#25336330)
If this was an option they would have already outsourced the work.
Re:Tech elites leaving San Francisco threaten Silicon Valley... by Zenbit_UX on Monday December 07, 2020 @03:42PM (#25337208)
It is an option and they will, it will start slowly though. First offering a job to someone out of state. Maybe they save some money and the next hire, they look à little further and they pick up an employee from another English speaking country, they save even more salary. The more these tests work out the more companies will expirement. Eventually hiring an American will seem unnecessary and costly if you're distributed anyways.

It's great news for non-Americans though, USD goes a long way in a lot of the world.

Re:Tech elites leaving San Francisco threaten Silicon Valley... by majormajor on Monday December 07, 2020 @04:20PM (#25337717)
Last time I was at a company that tried that, the (US-based) management would fight over making sure their projects went to the US-based devs (even if not in the same office) vs the overseas devs because the communication gap - timezones and physical distance both - was that bad.

Zoom hasn't fixed this.

Re:Tech elites leaving San Francisco threaten Silicon Valley... by ericd on Monday December 07, 2020 @03:21PM (#25336896)
It becomes a lot easier as an office becomes remote-first, and adopts the changes necessary to make that work well. There's no longer that barrier between the in-person and remote teams.
Re:Tech elites leaving San Francisco threaten Silicon Valley... by chris11 on Monday December 07, 2020 @03:18PM (#25336829)
Yeah, that's my concern. It would be different if I was wanting to buy a house. I actually like my apartment in the bay area, but when the office did shut down I looked at what it would cost. I wouldn't save much money because I wanted to stay in California.

My employer is becoming more WFH friendly. But they are explicitly saying post-covid fulltime remote will require an adjustment for base salary and future equity grants. I don't think that would be a good financial decision for me. Even if my compensation didn't get cut I would probably end up needing to take a pay cut or move if I wanted to change jobs.

Re:Tech elites leaving San Francisco threaten Silicon Valley... by ghaff on Monday December 07, 2020 @04:27PM (#25337800)
>require an adjustment for base salary and future equity grants

Base salaries are pretty sticky downwards. It wouldn't be surprising to see modest formal geo-based adjustments of base salaries and much larger quiet adjustments of equity grants--which tend to be much less transparent. It will obviously vary by company but, to the degree in-office becomes largely optional, it's reasonable to expect comp tends towards something more equalized--at least within the US.

Re:Tech elites leaving San Francisco threaten Silicon Valley... by unethical_ban on Monday December 07, 2020 @04:25PM (#25337778)
Maybe not entirely - those SF-area in demand jobs will hopefully demand their current or near-current wages. The company valued their work at pay $x.

If only there was some kind of organization in which tech workers could "unify".

Re:Tech elites leaving San Francisco threaten Silicon Valley... by xtat on Tuesday December 08, 2020 @12:56AM (#25342361)
If that is truly the result then I what comes from this will be a lot more young companies and competition at the startup level- if you can't pull in a reasonable tech salary why bother making someone else rich?
Re:Tech elites leaving San Francisco threaten Silicon Valley... by nph5667 on Monday December 07, 2020 @01:25PM (#25335241)
You are spot on and I am surprised that this is often overlooked. The industry is either on the the track to the massive shift how it operates, or, after COVID it comes back to the traditional in office MO.
Re:Tech elites leaving San Francisco threaten Silicon Valley... by trentnix on Monday December 07, 2020 @01:35PM (#25335383)
I'm not sure it's relevant. It's not as if remote options haven't been available for a long time. The wages in San Francisco aren't determined explicitly by cost-of-living, they are determined by the scarcity of availability of the right resources.

Businesses found it necessary to exist in Silicon Valley because it provided certain benefits, and businesses found it necessary to have on-premises employees because it provided certain benefits. Since California won't allow any on-premises anything, the cost-benefit of being in the Valley and having people in the office is being reset. But if your skills and aptitude are scarce, there's no reason to believe wages won't continue to reflect that. And if your skills and aptitude aren't scarce, you were overpaid in the first place.

Re:Tech elites leaving San Francisco threaten Silicon Valley... by throwaway201103 on Monday December 07, 2020 @05:54PM (#25338862)
The support for remote has expanded greatly. Zoom isn't perfect, but it's a lot better than a group of people sitting around a speakerphone or a glitchy skype or WebX call trying to work with a remote person. And if everyone was remote, forget about it it was like getting the planets to align for everyone to be in productive remote communication. Remember spending the first 15 minutes of every conference call just getting everyone online and tech issues settled?
Re:Tech elites leaving San Francisco threaten Silicon Valley... by trentnix on Monday December 07, 2020 @09:02PM (#25340729)
True story, but I feel like that's the fairly distant (in Internet years) past.

I just know that the improved state of affairs has my wife and I dreaming of remote work in a rural area one day soon. Come on Starlink!

Re:Tech elites leaving San Francisco threaten Silicon Valley... by nph5667 on Tuesday December 08, 2020 @06:29AM (#25343985)
I agree, and frankly, at this point, I think the changes did not pass the point of no return. But this depends on whether the vaccines eventually work and for how long, will the virus mutates etc. What I know is that never before the industry had this global "remote operation" training on such a global scale and who knows will it result in changes or it was decided that it's unsustainable and everyone wants to be back to normal asap.
Re:Tech elites leaving San Francisco threaten Silicon Valley... by dustingetz on Monday December 07, 2020 @03:47PM (#25337275)
.
Re:Tech elites leaving San Francisco threaten Silicon Valley... by bcheung on Monday December 07, 2020 @04:25PM (#25337783)
Most CS graduates and interns I have hired and worked with I have been pretty happy with. Granted I'm disappointed CS is turning more into programming as a craft and less on the mathematical thinking necessary for true innovation to happen, but from an economics perspective it makes sense to hire programmers over theoreticians.
Re:Tech elites leaving San Francisco threaten Silicon Valley... by NonEUCitizen on Monday December 07, 2020 @04:43PM (#25337999)
There are many immigrants in US getting paid US wages who graduated from non-US colleges. Companies in other countries need to start paying US wages and stop exploiting developers.
Re:Tech elites leaving San Francisco threaten Silicon Valley... by throwaway1777 on Monday December 07, 2020 @03:58PM (#25337429)
Ludicrous comment. The US has many fabulous university CS programs.
Re:Tech elites leaving San Francisco threaten Silicon Valley... by ghaff on Monday December 07, 2020 @12:12PM (#25334165)
There's a lot to like about many areas of California. Which ones may depend on your weather, cultural, etc. preferences. But Silicon Valley proper I find not particularly appealing; housing costs are only part of the reason. (SF itself has well-documented pluses and minuses.) I don't live or work in CA/SV. But if I were in SV but no longer needed to commute, I might well stay in CA but I'd probably move somewhere outside of SV commuting distance.
Re:Tech elites leaving San Francisco threaten Silicon Valley... by godot on Monday December 07, 2020 @12:35PM (#25334502)
I did this and completely agree. I lived in the bay area since high school, more than two decades ago. Last year I finally moved away from it for good. Not far, just to the Greater Sacramento area. (I've been working remotely for a couple years, well before COVID) Qualify of life improvement is huge. Weather and cultural are important reasons for me to stay in California (plus family and friends), and I still get that here. (in fact, I prefer weather in Sac -- real summers/not chilly, and winters are similar to the bay area). My house now is easily 1/3 the cost of a similar one in the peninsula or 1/2 the cost of a similar one in east bay.
Re:Tech elites leaving San Francisco threaten Silicon Valley... by verisimilidude on Monday December 07, 2020 @01:21PM (#25335187)
I moved to Sacramento for all the same reasons, and I also love it here. I remember a lot of people talked down on Sac when I lived in the Bay. It feels like I’ve discovered a secret by moving here.

EDIT: Here are a few more things to like about Sacramento.

There seems to be a large population of highly educated ex-military types concentrated here. It’s been an unexpected source of high quality hires. I never saw these people in the Bay.

I’m in an international marriage. We were worried we wouldn’t be able to find our people upon moving here. That hasn’t been a problem at all. Fellow expats are everywhere. It’s a fairly diverse area.

Re:Tech elites leaving San Francisco threaten Silicon Valley... by scruple on Monday December 07, 2020 @02:27PM (#25336050)
My problem with Sacramento is 1) crime in Sacramento proper (I have friends in the Sac DA's office, so maybe I am biased by hearing the worst of the worst), and 2) the summer weather. The suburbs of Sacramento, especially to the north, are very attractive to my wife and I and I think that if we do stay in California long-term we will be heading to Sacramento to make it happen.
Re:Tech elites leaving San Francisco threaten Silicon Valley... by bradlys on Monday December 07, 2020 @12:50PM (#25334713)
> real summers/not chilly

I mean, it's not cold once you get outside of SF/San Bruno. If you're in the peninsula or south bay, it's really fucking hot during the summer. Uncomfortably hot because no one has AC and many of the homes don't have insulation still.

Re:Tech elites leaving San Francisco threaten Silicon Valley... by godot on Monday December 07, 2020 @01:18PM (#25335144)
I think you built my case for me. Sac is consistently hot (90s every day for at least 4 months in the summer) and so, basically every house has AC. Many have solar panels (mine does) because of the available sunny days, for sustainability. It makes for a way easier summer than in bay where you get 2 weeks of dreadful summer (because no AC) and then the week after that is in the 60s-70s and you bring out the jackets again.
Re:Tech elites leaving San Francisco threaten Silicon Valley... by d1zzy on Monday December 07, 2020 @03:26PM (#25336964)
If this year's summer becomes the norm I think it may be a bit too hot for places like Sacramento. And all the places I lived in SV so far have had A/C so that hasn't been an issue. But what's great about being near the bay is that at night, most summer nights, it still cools down way below 20C so it's easy to simply keep doors/windows open after sunset and close them in the morning to have cool air inside the house, without an A/C, almost every day. There are exceptions of course like we had this summer where there were 2-3 days long heatwaves with no drop below 25C at night, A/C helped with that.
Re:Tech elites leaving San Francisco threaten Silicon Valley... by bradlys on Monday December 07, 2020 @03:13PM (#25336759)
I wouldn't say the inconsistency in weather is the issue... It's that the homes are ancient and landlords don't want to update them. Why update when you'll not get significantly more money for it (and then have to pay lots of property taxes)? It's why many of the homes that are bought in my neighborhood are completely torn down by new owners and rebuilt. Every single street in my neighborhood with a recent sale has a tear down + rebuild happening.

I'm sure the renter to owner market in Sacramento is different than the bay area...

Re:Tech elites leaving San Francisco threaten Silicon Valley... by zanderz on Monday December 07, 2020 @07:22PM (#25339730)
It can hit 100 these days in San Francisco itself in summer, but there is still this weird sanctimonious attitude about air conditioning. We asked some landscape designers about leaving room for a unit in the yard and more than once got a huffy "People don't use A/C in San Francisco" sort of answer. It's extra miserable if the windows have to stay shut due to wildfire smoke.
Re:Tech elites leaving San Francisco threaten Silicon Valley... by headsupftw on Monday December 07, 2020 @08:22PM (#25340368)
Don't know about peninsula but in south bay tons of old homes have AC. And more importantly, dry hot feels very comfortable to me personally.
Re:Tech elites leaving San Francisco threaten Silicon Valley... by burlesona on Monday December 07, 2020 @02:18PM (#25335962)
I ended up leaving SF and moving to Austin, but Sacramento was really high on my list as well. It's a very nice town, and being half-way between SF and Lake Tahoe is pretty hard to beat :)
Re:Tech elites leaving San Francisco threaten Silicon Valley... by birdyrooster on Monday December 07, 2020 @12:53PM (#25334761)
If by real summers you mean multiple days over 100F then count me out. Enjoy your heat stroke. It gets hot enough in South Bay even near the water.
Re:Tech elites leaving San Francisco threaten Silicon Valley... by pvarangot on Monday December 07, 2020 @12:48PM (#25334683)
I think SVs appeal is that you can leave in a quiet suburb close to a lot of easily accessible nature, while still having Amazon 2-day shipping, ridesharing, Uber Eats, and luxury retail. There's not many places in the US like this. Europe has a lot but there's not much tech jobs in them.

You are also close to SF if you like the madness of the city every once in a while.

Other suburby places with nature easily accessible usually have a more spartan retail experience and sometimes the mail/Amazon doesn't work so well.

Re:Tech elites leaving San Francisco threaten Silicon Valley... by munificent on Monday December 07, 2020 @01:26PM (#25335256)
> a quiet suburb close to a lot of easily accessible nature, while still having Amazon 2-day shipping, ridesharing, Uber Eats, and luxury retail.

Maybe I'm missing, but I don't see anything in that list that isn't true of almost every metro area in the US. I think people living in SF notice when new services come out that are only available there, like Uber was at first. But they don't notice when those services later spread to the rest of the country. You can get Amazon Prime shipping and rideshares everywhere now. Other cities may have somewhat less luxury retail, but likely have shorter drives with less traffic to get to nature.

Re:Tech elites leaving San Francisco threaten Silicon Valley... by jmalicki on Monday December 07, 2020 @02:06PM (#25335813)
The primary point is easy access to nature from a metro area.

Other than easy access to nature, all of those points are true for major metro areas. But other than say, Salt Lake City, does any other metro area offer such close access to nature? Boston and Seattle are even much farther away...

Re:Tech elites leaving San Francisco threaten Silicon Valley... by jandrewrogers on Monday December 07, 2020 @07:49PM (#25340013)
Having lived in both for many years, I'm not sure how anyone could come to the conclusion that nature is more difficult to access in Seattle than the Bay Area. It is a 45 minute drive from the skyscrapers to the Cascade mountains proper; in the Bay Area, it is a 3-hour drive to reach anything comparable. Seattle is bounded on three sides by fresh and salt water in equal measure, similar to San Francisco, with a large boating culture. The city is even nicknamed ("The Emerald City") by virtue of its many expansive and semi-wild parks in the city, plus the general greenery of the surrounding region.

I am a pretty avid nature enthusiast that spends a lot of time in the outdoors. It isn't even close, whether you are looking for mountains, water, or parks. Seattle's reputation in this regard is well-deserved; I'm not sure if there is another metro of its size that is so embedded in and connected to nature. And if you look at map, it is easy to see why -- the city is essentially surrounded by water that is surrounded by very rugged mountains (which has provided challenges for growth).

FWIW, the other large metros in the Pacific Northwest (definitely Vancouver and to a lesser extent Portland) have similarly exceptional access to nature. Some of the Mountain West cities also have great access to nature, though not as diverse as Seattle.

Re:Tech elites leaving San Francisco threaten Silicon Valley... by munificent on Monday December 07, 2020 @05:41PM (#25338709)
I live in Seattle (south end of Ballard). I can jog to Discovery Park and be in forest surrounded by beach, or up to Carkeek and see tide pools and wetlands. I can be on a real hiking trailhead in less than an hour.

Camelback Mountain is half an hour from the center of Phoenix. Virginia Key Beach Park's walking trails are 20 minutes from downtown Miami. Lionel Hampton-Beecher Hills Park is about the same distance from Atlanta. You get the idea.

SF certainly has really nice nature close by, but it's not like other US cities are industrial wastelands.

Re:Tech elites leaving San Francisco threaten Silicon Valley... by tannhauser23 on Monday December 07, 2020 @06:08PM (#25339013)
Seriously. The idea that Seattle is somehow _far_ from nature can only be held by someone who never visited here. Or looked at a map.
Re:Tech elites leaving San Francisco threaten Silicon Valley... by nelsondev on Monday December 07, 2020 @02:26PM (#25336043)
Denver, Las Vegas, Reno, Boulder, Albuquerque, Phoenix, Tucson, Santa Fe...
Re:Tech elites leaving San Francisco threaten Silicon Valley... by ghaff on Monday December 07, 2020 @02:20PM (#25335983)
>Boston and Seattle are even much farther away...

I'll grant you the Santa Cruz Mountains if you're on the southern end of the Bay. You've also got the hills in the East Bay and various options in Marin and points north if you're in Marin.

But Boston, in addition to various coastal walks has a bunch of nearby parks and small mountains/hills to the west and in southern NH. Also tons of sea kayaking/canoeing. Depending upon where you live, bigger peaks in NH are maybe 2-3 hours.The Sierras are further than that from the SFBA.

Don't get me wrong. The Bay Area has great recreational options but so do a lot of other cities depending upon what you're looking for.

Re:Tech elites leaving San Francisco threaten Silicon Valley... by nostrademons on Monday December 07, 2020 @07:38PM (#25339889)
The variety of landscapes within a 30 minute drive is unparalleled in the Bay Area, though.

I grew up in suburban Boston. It was a very nice town - we lived on an acre of land, with woods behind the house. Drive 30 minutes in any direction, and you got basically - woods. Maybe some ponds and fields, with scattered houses and suburban town centers between. The city (a pretty nice one) was 30 minutes away. You could get to waterfront, in Boston or Salem or Nahant, but there aren't really beaches in most of Massachusetts (outside of Cape Cod). It did have a massive amount of history, though - in that 30 minute drive was basically everywhere significant to the birth of the USA.

I'm on the peninsula now, in the hills. 10 minute walk to a suburban downtown. 3 minute drive (or ~20 minute walk) and we're on some Bay trails. 5 minute drive and we're in the mountains. 5 minute drive to a massive lake over the San Andreas. 20 minute drive and we're on the beach at the Pacific Ocean. 30 minute drive (or 40 minute Caltrain) and we're up in SF. 30 minute drive and we're in downtown San Jose.

Re:Tech elites leaving San Francisco threaten Silicon Valley... by headsupftw on Monday December 07, 2020 @08:26PM (#25340414)
"nature": beaches, mountains, ski resorts, redwood forests... Seattle is like that or even better but 9 months out of a year the weather is just a big no no.
Re:Tech elites leaving San Francisco threaten Silicon Valley... by xienze on Monday December 07, 2020 @02:20PM (#25335981)
> The primary point is easy access to nature from a metro area.

Define "easy access to nature." Where I live, there's a major state park within the city limits and a very large lake within ~20 minutes drive. In ~2 hours I can be at the beach. In ~3-4 hours I can be in the mountains. And untold amounts of basically empty land just outside the city. If you're going to arbitrarily define "easy access to nature" as "mountains next to ocean right next to me", well OK, not a lot of places fit that bill. But that's a very narrow definition designed to fit basically SV.

Re:Tech elites leaving San Francisco threaten Silicon Valley... by legerdemain on Monday December 07, 2020 @03:14PM (#25336769)
Easy access to nature means I can go on a scenic five-mile hike between lunch and dinner. It means I can see a beautiful view without planning a day trip. I can meet with groups of friends of all fitness levels and enjoy a pleasant afternoon outdoors where we all have fun.

I can go see thousands of migratory birds a few miles from my apartment. Half Moon Bay is 30-45 minutes away, depending on road conditions. Fairly strenuous hiking and rock-climbing in the Santa Cruz Mountains is also 30-60 minutes away. Santa Cruz itself is not much farther.

I have lived all over the east coast for most of my life, and this degree of access has made an outdoors person of my notoriously sedentary self.

Re:Tech elites leaving San Francisco threaten Silicon Valley... by xienze on Monday December 07, 2020 @03:37PM (#25337114)
> Easy access to nature means I can go on a scenic five-mile hike between lunch and dinner.

So can I, as I mentioned there's a major state park within the city limits where I live...

> It means I can see a beautiful view without planning a day trip.

Incredibly vague and subjective. What constitutes a "beautiful view"?

> I can meet with groups of friends of all fitness levels and enjoy a pleasant afternoon outdoors where we all have fun.

Not unique to the SF Bay Area at all.

Again I think this is very much a cherry-picked definition of "easy access to nature" that is designed to preclude any place not named "SF Bay Area." Still, the kinds of things you were describing can be found in metro areas all over the country.

Re:Tech elites leaving San Francisco threaten Silicon Valley... by legerdemain on Monday December 07, 2020 @03:51PM (#25337322)
I'm not sure why you feel this need to argue that other regions are just as good as the Bay Area. Are you a tourism promoter? Whether you're right in absolute terms is insubstantial. What matters is that hundreds of thousands of people feel the way I do, and that's why we moved here or stayed here.
Re:Tech elites leaving San Francisco threaten Silicon Valley... by asdff on Tuesday December 08, 2020 @01:15AM (#25342437)
Los Angeles has great access too. I can walk to it.
Re:Tech elites leaving San Francisco threaten Silicon Valley... by tschwimmer on Monday December 07, 2020 @02:35PM (#25336161)
I agree, this describes most metro areas over 100k people in the US I feel.
Re:Tech elites leaving San Francisco threaten Silicon Valley... by geebee on Monday December 07, 2020 @04:51PM (#25338094)
I have family in Wisconsin, and I enjoy visiting. I like parts of Milwaukee, and I've gotten out into the countryside. It's really nice.

This is all subjective, of course, but what can I say? I've been in restaurant and bars at the top of tall hotels in Milwaukee, I enjoyed it and the view of the lake and city... and no, I don't think it even remotely measures up to views of the bay from Pacific Heights or another dozen views in San Francisco. Nor does the surrounding countryside in Milwaukee - which I sincerely do like quite a bit - measure up to redwood forests, Pt. Reyes, the headlands, the coastline from SF to Santa Cruz. A little farther afield, Big Sur and the high Sierras, Sonoma and Napa valleys. I'm not really even sure how to debate it with people, it seems so self-evident to me. California and SF have some really bad qualities, but no, it's not all six of one and a half dozen of the other around any randomly selected US city of 100K in the US. The nature around San Francisco is a differentiator and a selling point (though I would tend to agree that it is now officially overpriced).

Puget Sound is remarkable, though, and the forest around Portland is beautiful. As I've mentioned in another thread, though, the coast is far more accessible in San Francisco.

Re:Tech elites leaving San Francisco threaten Silicon Valley... by mywittyname on Monday December 07, 2020 @03:31PM (#25337032)
Except the access to nature aspect. I mean, that is a broad and ambiguous statement, but not too many places are as beautiful as California.

If you were to take access to nature to mean, being within driving distance of nature sites that people travel across the country to experience, then the number of metro areas drops significantly.

Re:Tech elites leaving San Francisco threaten Silicon Valley... by learc83 on Tuesday December 08, 2020 @11:11AM (#25347138)
Look at a map of national parks. Most of the population of the US is within driving distance of a national park.

The Appalachian mountain range stretches from GA to Maine, and contains dozens of state and national parks that people travel across the country to see. Nearly the entire eastern seaboard is within range of one of them.

The only part that isn’t is Florida, and they have better beaches than California, swamps, lakes, and massive crystal clear springs.

Re:Tech elites leaving San Francisco threaten Silicon Valley... by rconti on Monday December 07, 2020 @04:41PM (#25337977)
Lots of replies are saying this exists in "every major metro" in the US.

But if you start narrowing it to places with pleasant weather, suddenly it starts looking like a smaller picture. The west coast, west of the cascades or central valley in CA. Probably places like the Carolinas, Tennessee. And maybe we'll be nice to Colorado and give them a trophy for at least having sunshine in the winter :)

You don't have to pay SF rents, of course, but you're not buying a $100k mansion and getting all of these things either.

Re:Tech elites leaving San Francisco threaten Silicon Valley... by learc83 on Monday December 07, 2020 @01:38PM (#25335429)
>Other suburby places with nature easily accessible usually have a more spartan retail experience and sometimes the mail/Amazon doesn't work so well.

Most suburbs of decent sized cities on the east coast have 2 day Amazon shipping, even the ones close to national parks. And the mail works fine in basically any suburban area.

Re:Tech elites leaving San Francisco threaten Silicon Valley... by ghaff on Monday December 07, 2020 @01:08PM (#25334978)
A lot depends on what the nature you're looking to be accessible to looks like of course. (And I'll be the first to agree that the Bay Area is probably especially nice in this regard.) But I'd say you were describing any significant coastal city, areas of Colorado (can't speak to other mountain states although places like Boise I would think...), etc. If you're looking for a reasonably affluent suburb there really isn't a particular shortage of them around the country--and many have good outdoor recreation options.
Re:Tech elites leaving San Francisco threaten Silicon Valley... by setpatchaddress on Monday December 07, 2020 @01:52PM (#25335621)
The Bay Area isn't especially nice in this regard, for one reason:it is crowded. you won't ever get a moment of peace in all of that nature unless you get lucky.

For variety, I actually think the LA area as a whole is better. But it has the same problem.

Re:Tech elites leaving San Francisco threaten Silicon Valley... by ves on Monday December 07, 2020 @02:04PM (#25335788)
There’s plenty of quiet, uncrowded nature in the Bay Area if you spend some time exploring off the beaten path. I live in SF and don’t have a car and have still spent hours at a stretch in parks totally alone, not to mention when I do get out of the city.
Re:Tech elites leaving San Francisco threaten Silicon Valley... by somethoughts on Monday December 07, 2020 @04:29PM (#25337827)
I think the last unspoken one and perhaps most important one in this list is access to family in the APAC region. The other proposals (i.e. Colorado, Arizona, etc.) have all the other stuff but not the access to Asia.

Looking at air travel - Denver to India or Austin to China - everything is a 1 day+ and over $2000+. SF/LA to these places is about 15 hours and about $1500.

If the business (i.e. Apple/Google making phones) needs to fly execs, production folks as well as if the tech engineers need in person meetings or have family, that's going to be a made much more challenging.

Re:Tech elites leaving San Francisco threaten Silicon Valley... by headsupftw on Monday December 07, 2020 @08:37PM (#25340511)
The most important thing is not the airports. All metros have them. The differentiator is the vast number of asian grocery stores, restaurants and other stores/businesses. In America the Bay Area is only behind Los Angeles in that regard.
Re:Tech elites leaving San Francisco threaten Silicon Valley... by whoisburbansky on Monday December 07, 2020 @05:15PM (#25338423)
I'm seeing economy flights round trip from Colorado to Delhi at 1300, rounding up, for Christmas week. Don't really know how much this is due to Covid-related drop in demand, but it seems like a useful data point to put out there, since I've definitely seen similarly priced flights during non-pandemic years.
Re:Tech elites leaving San Francisco threaten Silicon Valley... by caniszczyk on Monday December 07, 2020 @06:20PM (#25339125)
I fly to China quite often from Austin, it's not that bad, you do AUS-DFW-PVR,PEK... you only lose an hour or so for the short hop, the DFW-China leg is basically the same from SFO

Also from AUS, you have Houston and Dallas as two big airport options to get to China.

Re:Tech elites leaving San Francisco threaten Silicon Valley... by rcpt on Monday December 07, 2020 @05:28PM (#25338577)
> appeal is that you can leave in a quiet suburb

People I know dislike the fact that most of SV is a typical suburb indistinguishable from what you see in any random Florida city. And consider how many busses bring workers from their apartments in SF down to the office in the burbs.

Re:Tech elites leaving San Francisco threaten Silicon Valley... by xienze on Monday December 07, 2020 @01:27PM (#25335280)
> I think SVs appeal is that you can leave in a quiet suburb close to a lot of easily accessible nature, while still having Amazon 2-day shipping, ridesharing, Uber Eats, and luxury retail.

Maybe there’s something you’re not explaining here but there’s plenty of places all over the country that fit this bill. Austin, Atlanta, Charlotte, Raleigh, Denver, etc.

And Amazon 2 day delivery is available all over the place...

Re:Tech elites leaving San Francisco threaten Silicon Valley... by svachalek on Monday December 07, 2020 @05:32PM (#25338613)
In some places “easily accessible nature” means you can drive just a few hours. But pull up a map of Cupertino or Mountain View and zoom out just a little. There are dozens and dozens of parks in biking distance. Austin and Atlanta are not like this. Haven’t been to Charlotte or Raleigh in ages but, maybe. It’s a nice climate for sure. Denver is really pretty but it depends how you feel about real winter.
Re:Tech elites leaving San Francisco threaten Silicon Valley... by echelon on Monday December 07, 2020 @06:33PM (#25339260)
> Austin and Atlanta are not like this.

Have you been to Atlanta? It doesn't seem like you're familiar.

The Beltline [0,1], a paved multi-use trail converted from old railway, encircles the city's major neighborhoods and connects everything. It's one of the city's major features. Dozens of parks, including some of the largest -- Piedmont [2], Old Forth Ward, Grant Park, and the old Bellwood Quarry [3] where they filmed Walking Dead, It, etc. -- are all immediately accessible.

The Beltine is being connected to the Silver Comet Trail [4,5], which is a paved bike trail stretching all the way to Alabama (the nation's second longest). Light rail is also being added to the Beltline.

Outside the city you've got access to the Chattahoochee River for rafting. The Palisades [6] provide excellent river-adjacent hiking.

Stone Mountain [7], a giant granite mountain, is 30 minutes east of the city and provides excellent hiking and running.

Kennesaw Mountain [8] is 30 minutes northwest of the city and is great for hiking and dog walking.

Red Top Mountain is 40 minutes northwest, and you have a host of lower Appalachian mountains to the north.

Allatoona Lake [9] is 40 minutes northwest, where they filmed Ozark, and provides excellent boating. Lake Lanier is an hour away and is even bigger.

Atlanta isn't called "city in the forest" for nothing. We have so many trees, parks, and outdoor activities.

[0] https://beltline.org/

[1] https://en.wikipedia.org/wiki/BeltLine

[2] https://en.wikipedia.org/wiki/Piedmont_Park

[3] https://en.wikipedia.org/wiki/Westside_Reservoir_Park

[4] https://www.silvercometga.com/

[5] https://en.wikipedia.org/wiki/Silver_Comet_Trail

[6] https://www.atlantatrails.com/hiking-trails/hiking-east-pali...

[7] https://en.wikipedia.org/wiki/Stone_Mountain

[8] https://en.wikipedia.org/wiki/Kennesaw_Mountain

[9] https://en.wikipedia.org/wiki/Lake_Allatoona

Re:Tech elites leaving San Francisco threaten Silicon Valley... by headsupftw on Tuesday December 08, 2020 @12:18AM (#25342172)
I lived in Atlanta (starting from my GA Tech days) for over a decade and I've been in the South Bay for a few years. As much as I love Atlanta and the gigantic house I was able to afford, landscape-wise it doesn't even come close to what the bay area has to offer. Beltline is pretty neat but you will find it rather disappointing if you have ever been to one of the coastal trails in the bay. Not to mention the lack of skiing options (sorry but Gatlinburg ain't Lake Tahoe).
Re:Tech elites leaving San Francisco threaten Silicon Valley... by labcomputer on Monday December 07, 2020 @06:31PM (#25339240)
This is pre-Covid:

> easily accessible nature

From my office in Palo Alto, I can ride my bicycle up Sand Hill Road, past horse farms, and then up a secluded 2000 ft (~600 meters) mountain with virtually no traffic and return during my lunch break. Or I can take a long lunch and ride out to the coast, through rolling farmlands. And I can do that virtually any day of the year, thanks to the local climate.

Most of the peninsula (which is, arguably, not SV proper) is like this, with tons of hiking within walking distance of where you live or work. The reason is that almost everything west of I-280 is undeveloped. As you ride or drive around that area, it's very easy to find a view where the only sign of humans is the road you're traveling on.

If I want to go skiing, I can leave work an hour early and drive up to Tahoe for the weekend. Or I could drive down to Santa Cruz for the day and go surfing.

Not quite "nature", but many people like to drive up to Napa for a day-trip to visit world-class wineries.

> luxury retail

Then, after work, I can walk over to my choice of Michelin starred restaurants (and I will pass multiple art galleries and branches of private banks). Granted, none of the restaurants in Palo Alto have more than one Michelin star (how gauche!).

If conspicuous consumption is your thing, San Mateo, Palo Alto, and Santa Clara each have high-end malls with practically every luxury brand you can imagine. Want to buy Ferrari or a McLaren? There's a dealer for each one within 10 miles of Mountain View.

> plenty of places all over the country that fit this bill

Many places have some of what SV offers. Very very few have everything, and I would argue that none of the cities you listed fit the bill.

Re:Tech elites leaving San Francisco threaten Silicon Valley... by Apocryphon on Monday December 07, 2020 @06:38PM (#25339321)
> Many places have some of what SV offers. Very very few have everything, and I would argue that none of the cities you listed fit the bill.

Ah, but all of them have more affordable housing.

Re:Tech elites leaving San Francisco threaten Silicon Valley... by pvarangot on Monday December 07, 2020 @07:38PM (#25339901)
I think the point here is that there's things that justify that price and the other downcomings of living in the area.

I'm the one that started this discussion and it proved controversial. I tried to just talk about like, the amenities of living in the area and tech jobs, but most people replied saying "wait there's two or three of your list of five or six in...".

I may be biased because I'm not a "generalist web developer", I work in either crazy startups or kinda niche embedded/low level roles. I still get two or three really good job offers from big companies per month even when I'm not looking and they are in SV. I was getting one or more per week pre-COVID. Even when actively looking for that type jobs in Colorado and Austin I can't find them.

Colorado would be more interesting for me if I was a citizen and could work the government aerospace and defense jobs but unfortunately I can't.

Re:Tech elites leaving San Francisco threaten Silicon Valley... by labcomputer on Thursday December 10, 2020 @03:12AM (#25371145)
Ok, so what?

The premise was that there are lots of other places that have what SV has. And, by implication, that SV's high prices are unjustified.

I was merely pointing out that SV has an array of amenities that are found together in very few other places. And if you want what SV has, there are very few other places you can get it. Supply and demand. It's that simple.

Maybe you don't care about fancy restaurants or art galleries or spending time outdoors. That's totally cool. Maybe all you care about is finding the absolute cheapest apartment on planet earth. Again, knock your socks off.

SV doesn't have cheap housing. If that's all you care about, look someplace else.

Re:Tech elites leaving San Francisco threaten Silicon Valley... by Apocryphon on Thursday December 10, 2020 @04:01AM (#25371451)
As an SV local, I am overly jaded about the place. South Bay is wonderfully boring suburbia to grow up to- and would be to raise a family, if not for the housing prices- and S.F. seems pitifully small, and everything closes so early for a supposed world-class city. Not to mention, BART ends before last call, which is just crazy. The outdoors here are great, but how many times can one climb Castle Rock, Mission Peak, or visit Angel Island, Rancho San Antonio, or Point Reyes? And Muir Woods is always full of tourists, it's like Disneyland in a forest.

Of course, the grass is always greener. But I think natives are entitled to grouse a little bit, given the circumstances. It's just a little scary if this is the best the U.S. has to offer.

"Despising, For you, the city, thus I turn my back: There is a world elsewhere."

Re:Tech elites leaving San Francisco threaten Silicon Valley... by vmception on Monday December 07, 2020 @01:48PM (#25335548)
right? this person is stuck in like 2015
Re:Tech elites leaving San Francisco threaten Silicon Valley... by bcheung on Monday December 07, 2020 @04:31PM (#25337850)
Every major metro in the US has these things. There's nothing unique about SF/SV in that regard.
Re:Tech elites leaving San Francisco threaten Silicon Valley... by grillvogel on Monday December 07, 2020 @02:26PM (#25336040)
what happens if everyone goes back to the office in a year and now you're the only remote employee?
Re:Tech elites leaving San Francisco threaten Silicon Valley... by ntsplnkv2 on Monday December 07, 2020 @02:53PM (#25336431)
Agreed, people are way overestimating the impact of this. Most people I know can't wait for life to go back to normal.

It's easy to move away when everyone is forced to. But when you need that new promotion when office life is back and someone else there is networking...you just gonna stay back in Tulsa? Doubtful.

Re:Tech elites leaving San Francisco threaten Silicon Valley... by boringg on Monday December 07, 2020 @03:31PM (#25337024)
This is indeed what will likely happen given how many people actually don't love working full time remote. So all these media stories will swing the other way afterwards. Also way easier to cut people when you don't have to see them in the office every day.
Re:Tech elites leaving San Francisco threaten Silicon Valley... by sudo-i on Monday December 07, 2020 @02:46PM (#25336305)
Yes, this is what I worry about too.

I've been hearing remote work is the future for many years now, but haven't seen much movement toward the goal.

Now, we are in a pandemic and everyone is forced to be at home, not by choice, but by necessity.

Everyone is still saying remote work is now accelerated, but no one had a choice if they wanted to work remotely or not...

Of course there will be some increase in remote working after the pandemic, but I think the vast majority is going to return to the office.

Not because they can't work from home, but just because they don't want to work from home.

Re:Tech elites leaving San Francisco threaten Silicon Valley... by kilbuz on Monday December 07, 2020 @12:42PM (#25334603)
Always have to ask, where are you moving and why did you pick it?
Re:Tech elites leaving San Francisco threaten Silicon Valley... by bigyikes on Monday December 07, 2020 @05:54PM (#25338851)
Austin. Back to where I came from.

In my estimation, it has the most coolness-per-dollar. What I actually want is to buy a house, and I just can’t do that around here. Austin is comparatively cheaper and has a culture that appeals to me. It feels a lot like California, but without much of the baggage.

Parts of Colorado, Oregon, and Washington are also strong contenders, but I am predisposed to like Texas.

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Re:Tech elites leaving San Francisco threaten Silicon Valley... by camjohnson26 on Monday December 07, 2020 @12:52PM (#25334750)
That’s a ridiculous take. There’s a lot of technical talent trapped in the Bay Area and I welcome it in my region. Treating every resident as if they agree with the repressive SF politics is over generalizing.

And who’s full? The main thing the flyover states need is more people.

Re:Tech elites leaving San Francisco threaten Silicon Valley... by fossuser on Monday December 07, 2020 @01:05PM (#25334924)
The irony is it's the 'fuck off we're full' people that have made CA policy shitty.

It's the NIMBY anti-change response to policy.

The people that want a strong economy, incentivize building housing, and adapting lead to positive non-zero-sum outcomes.

The people that say "fuck off we're full" block any policy and create perverse incentives that create a dysfunctional mess.

This is ignoring the selection bias that the people leaving now are probably also the people not interested in CA anti-housing, high-tax policy and would likely be a better fit on these policy issues in Austin than the commenter thinks.

Largely I think comments like the one you replied to are just responding to what they see as the enemy tribe in the political culture war.

Re:Tech elites leaving San Francisco threaten Silicon Valley... by jeffreyrogers on Monday December 07, 2020 @01:26PM (#25335264)
My experience living in an area that has high net migration from California is that the people leaving bring California's policies with them.
Re:Tech elites leaving San Francisco threaten Silicon Valley... by throwaway0a5e on Monday December 07, 2020 @02:04PM (#25335785)
It's not just a california problem. Upper middle class suburbanites do this (with the best of intentions) everywhere they go. For every coffee shop their money keeps afloat there's two local businesses getting screwed by new local ordinances.

Sure everyone's land is worth more (as if selling the home you own or the land your business is on is actually an option when you can't readily replace either) but at the end of the day but everything winds up inflated and your standard of living flat-lines or decreases despite the increased stress.

Re:Tech elites leaving San Francisco threaten Silicon Valley... by fossuser on Monday December 07, 2020 @01:41PM (#25335453)
Anything specific?

One guess I'd have is that an influx of new people creates that anti-housing response anywhere which can lead to some of the same problems. I suspect that's less about CA policy and more about bad incentives around housing being an investment in the US.

If you mean that most people from CA don't like Trump (or the Republican support/defense of him), then yeah I think you're probably right about that (but that's not really CA policy). A lot of people I work with are more center or center-right than the general narrative about Californians would have you believe, I'd suspect those leaving to be more from that camp.

Re:Tech elites leaving San Francisco threaten Silicon Valley... by throwaway0a5e on Monday December 07, 2020 @02:09PM (#25335845)
It's not anti-housing. It's never anti-housing. Nor is it ever "neighborhood character" or whatever. The places that people are moving to have plenty of land to build.

What people don't like is that when upper middle class city and inner suburb types move in local ordinances that restrict what you can and can't do on your own land seem to always follow. And given a generation or so of change in that direction, it gets you the same overpriced, impossible to develop hellscape that those people were seeking to flee in the first place. This isn't unique to CA. Their stupidity isn't special. This pattern has played out all over the east coast and midwest.

Re:Tech elites leaving San Francisco threaten Silicon Valley... by dmoy on Monday December 07, 2020 @03:52PM (#25337335)
It's not as pronounced here in WA as it is in say Nevada. But, things that I see in WA, off the top of my head (not all government policy):

1 - anti-housing like you say. You see lots of signs in my neighborhood wishing against more-dense housing, despite (relatively) astronomical pricing. At least in Seattle, we do have an issue where we're constrained by water so there isn't a lot of places to build that aren't very far out. So density really is the only solution if you're going to keep computes reasonable. The only people who can afford to buy the existing not-dense housing have a ton of money or income (or both). A >$1m SFH is just not affordable in a city where median household income is $100k.

2 - push against increasing property tax. Sort of a corollary to the housing bit. Which gets doubly odd because we have no income tax in WA. Weirdly regressive.

3 - the strange and ineffectual CA-style push against "assault rifles" as the main item of gun control, despite the fact that all rifles nation-wide kill ~300/yr while pistols kill 30,000/yr, 10k of which are homicide. I say ineffectual because Amdahl's law is a thing, so even if you did magically disappear all riles in the country, it would have a ~1% impact on gun violence.

4 - restaurants heating the out of doors. This spiked a lot with coronavirus so it's hard to talk about now. (This might also be me projecting because I myself am an implant from the Midwest (yes I am a hypocrite), and heating the out of doors is just complete insanity to me)

5 - Many more good restaurants in general though. Sadly, still not a lot of good mexican restaurants.

6 - a change in coffee styles. Take from that what you will, people are kinda religious about it here.

It's really hard to pick out what's actually influenced by CA implants, vs what is just homegrown.

Re:Tech elites leaving San Francisco threaten Silicon Valley... by Apocryphon on Monday December 07, 2020 @03:57PM (#25337402)
What's wrong with heat lamps for outdoor dining, especially when it's cold?
Re:Tech elites leaving San Francisco threaten Silicon Valley... by dmoy on Monday December 07, 2020 @04:37PM (#25337923)
Like I said that might be just me with a personal pet peeve

But it is crazy inefficient to pump heat into the outdoors. It's not as inefficient in most parts of california, even northern california. But when you move north it gets down under 40... (In the Midwest where it gets below 0, it's complete lunacy)

It's a weird thing to be simultaneously in favor of environmental controls and trying to raise awareness for climate change (and doing things in Seattle like banning the use of natural gas for heating?), while also being totally ok with heating the outside for dining.

Re:Tech elites leaving San Francisco threaten Silicon Valley... by Apocryphon on Monday December 07, 2020 @05:44PM (#25338735)
Ah, fair, it does seem like a valid criticism from an environmental/efficiency point of view. Though maybe it can be made less wasteful if establishments also add tents and other shelters that can better trap that heat.
Re:Tech elites leaving San Francisco threaten Silicon Valley... by jeffreyrogers on Monday December 07, 2020 @02:17PM (#25335950)
I wasn't thinking about Trump at all. I don't think he (or any President) is very relevant at a local level, at least not on a short time-frame. The influx of people probably has something to do with it, although in Utah (where I live) there is not much anti-housing response. There is lots of construction going on both in Salt Lake City and in the surrounding areas, and lots of political support for it.

The real problems I see are more cultural ones. Homelessness is rising (as it is throughout the US). Utah had handled homelessness much better than other places due to a unique balance between the local government, the police, and the LDS church (I'm not a member FYI), but changes in the mayor and chief of police disrupted that balance.

I also perceive an arrogance on the part of some of those moving here. The idea that they can just start changing things without understanding how/why things were the way they were before. I don't think I'm against change--it's impossible to stop it in any case--but I also don't think coastal values are right for every area.

Re:Tech elites leaving San Francisco threaten Silicon Valley... by PaulDavisThe1st on Monday December 07, 2020 @06:10PM (#25339031)
> The idea that they can just start changing things without understanding how/why things were the way they were before.

Not exactly a novel proposition. The Europeans who arrived in what is now New England, or the Caribbean or yes, even Utah, felt much the same and acted like it too.

Re:Tech elites leaving San Francisco threaten Silicon Valley... by wavefunction on Tuesday December 08, 2020 @11:27AM (#25347414)
In my experience Californians move to a new area, often more rural or with a differing local culture and want the same chain-store consumerist culture they left behind in California. And sure, there may be some political differences between their old home and the new place but it's more about the lack of respect for where they're moving and pushing their old culture onto the new place with no disregard to what made the new place nice in the first place. Change is inevitable so I can't complain about it too much but there are fewer and fewer places to escape to that aren't becoming Californicated. Or New Yorkified. Or Floridiated.
Re:Tech elites leaving San Francisco threaten Silicon Valley... by hindsightbias on Monday December 07, 2020 @01:51PM (#25335603)
The first "we're full" bumper sticker I ever saw was Austin in 1998. RIP Travis Heights, East Austin.

It's not like most of the SFBA fleeing refugees here were natives. They were kids from schools MI, NY, PA, IL and TX. The Menlo Park, Mountain View equivalents entrenched in West Austin are pretty fed up already so we'll see how it all turns out in 5 -10 years as the nextgen 3.0 descend on Silicon Hills.

Re:Tech elites leaving San Francisco threaten Silicon Valley... by chao- on Monday December 07, 2020 @06:22PM (#25339148)
To be fair, y'all did your best to dissuade expansion by intentionally avoiding some infrastructure improvements in the 90's and 00's. But then people came anyway, and it became impossible to ignore forever. This isn't to cast aspersions on either people who were fighting for better transit across those decades, or people who wanted to keep Austin somewhat smaller. Just my observations from across my life, with family/friends in the area, spending good amount of time there each year.

The ACT stuff is long-overdue and the new CapMetro Connect project is great. Hopefully it gets funded and built with fewer bumps along the way than Houston's 5-line rail network (which is still sitting at only 3-and-a-half of 5 lines built).

Re:Tech elites leaving San Francisco threaten Silicon Valley... by AlexTWithBeard on Monday December 07, 2020 @09:07PM (#25340762)
But isn't NIMBYism perfectly natural?

I looked around, I found a place I like, to I settled there and I want it to stay this way.

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Re:Tech elites leaving San Francisco threaten Silicon Valley... by camjohnson26 on Monday December 07, 2020 @01:22PM (#25335190)
I think you just proved their point.
Re:Tech elites leaving San Francisco threaten Silicon Valley... by fossuser on Monday December 07, 2020 @01:43PM (#25335479)
Not only that, but he himself left California for Austin.

He's in the set of people he's complaining about.

[Edit: Apparently not Austin, but some other place - point still stands]

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Re:Tech elites leaving San Francisco threaten Silicon Valley... by dragonwriter on Monday December 07, 2020 @01:55PM (#25335661)
> the tax rate makes France look reasonable,

France has taxes around 45% of GDP, California has (including all levels, including federal) around 30%, the US as a whole (again, counting all levels) is around 25%. California is one of the higher overall tax jurisdictions in the US, but unless your argument is that the US as a whole has unreasonably low taxes, I don't get how you can say California makes France look reasonable.

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Re:Tech elites leaving San Francisco threaten Silicon Valley... by dragonwriter on Monday December 07, 2020 @02:18PM (#25335960)
> You obviously don't live in California,

Only for a little over 4 decades.

> don't make enough money to pay taxes,

Yeah, let's just say my household income is in the top 10% in the state, so no.

> or are just being cussed.

If by “being cussed” you mean “understand the difference between total tax rates and top end marginal income tax rates in a progressive tax system”, then, yes it must be this one.

If not, you've missed at least one important possibility.

> The US top end tax rate is 37%, plus California is .... what? 13? You're already up to giving away half of what you make in California.

If you make enough in regular income that essentially all of your income is taxed at the maximum marginal federal and state, sure.

But virtually no one does that , one, because, first, you have to make a huge amount of income for that to be the case, and, second, if you make enough income for that to be the case, you probably have plenty of opportunity to structure how you make income so that, again, it's not. (Of course, while France’s top marginal income tax rate is “only” 45%, it makes a lot more of it's revenue from non-regular-income taxes than anyplace in the US, with a 20% standard VAT rate and a 42.2% top tax rate, including surtaxes and social charges, on capital gains.)

> Meanwhile you have to pay taxes on physical property like your house, and your house is valued at 7 figures if you live in the Bay Area

You don't have to pay full-value on the house except in the year you bought it, assuming market appreciation of > 2%/annum because prop 13.

> Finally, there was a VAT the last time I lived there

There has never been a VAT in any part of California. There is a sales tax, which is not a VAT, which is not a VAT, and the maximum sales tax rate in the state is 10.25%.

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Re:Tech elites leaving San Francisco threaten Silicon Valley... by dang on Tuesday December 08, 2020 @03:16PM (#25350749)
Ouch. Oof! Please don't post to HN like you did in this thread. Most of your comments are great but we just can't have this kind of thing here—we're trying against the odds to have HN hover a little above internet median and this kind of thing just sinks us. It isn't only the damage the specific posts cause—it's what it invites from others. I recently wrote a longer explanation of why we moderate this way, if anyone cares: https://news.ycombinator.com/item?id=25130956

There are other HN users with fire-breathing powers and formidable writing skills whom we eventually persuaded not to post in the enemy-incinerating style here. The argument boils down to trying to have a site that remains at least moderately interesting. There exist communities in which members kick the shit out of each other (or let's be nice, out of opposing arguments) and are higher-quality for it. I like to compare this to rugby teams who beat each other up and then go out drinking together: https://hn.algolia.com/?dateRange=all&page=0&prefix=true&sor....

HN can't work this way because it's much too big and incohesive—the average quality of contribution is much lower, and there are no relational ties to mitigate the downside. If people start posting in that style here, a copycat stampede will result, only without any insight or wit. We'll end up with mass battles on scorched earth, which is interesting to none of the users that we actually want to have here. Trying to stave off that fate for as long as possible is actually the founding idea behind HN:

https://news.ycombinator.com/newswelcome.html, https://news.ycombinator.com/hackernews.html

https://hn.algolia.com/?dateRange=all&page=0&prefix=false&so...

Re:Tech elites leaving San Francisco threaten Silicon Valley... by dragonwriter on Monday December 07, 2020 @06:18PM (#25339097)
> The rest of it: I'll let you have the fact that the VAT in California is called "sales tax"

No, the sales tax is called sales tax. VAT and sales tax are structurally different.

> it's the highest in the US, FWIIW.

That's true if you talk exclusively of the state-only rate, which makes no sense to use as the basis of comparison; for statewide average combined state and local sales tax rate (the average rate people actually pay for sales tax in the State), California is #9, behind liberal utopias like Tennessee, Arkansas, Louisiana, and Alabama, among others. (Not only is California not the highest for average combined state and local sales tax, it's nowhere close to the highest for peak combined state and local sales tax, that is, the maximum people actually have to pay; the source I have doesn't rank this way, but from inspection it looks like Illinois with a statewide 6.25% and a peak local additional of 10.00% is the top there.)

https://taxfoundation.org/2020-sales-taxes/

Re:Tech elites leaving San Francisco threaten Silicon Valley... by Apocryphon on Monday December 07, 2020 @02:16PM (#25335931)
Prop 13 is hardly obscure.
Re:Tech elites leaving San Francisco threaten Silicon Valley... by nitrogen on Monday December 07, 2020 @12:55PM (#25334797)
An influx of coastal refugees has driven real estate up and out of reach of many locals where I'm from. Those are the types of places that are "full", even with loads of building.
Re:Tech elites leaving San Francisco threaten Silicon Valley... by camjohnson26 on Monday December 07, 2020 @01:24PM (#25335225)
You can buy a home cheap in Detroit, that’s not a good thing. Wouldn’t rising home values signal economic growth? As long as there’s room to expand I don’t see the problem. SF’s issue isn’t high prices, it’s archaic zoning laws that limit supply to keep prices high for home owners.
Re:Tech elites leaving San Francisco threaten Silicon Valley... by mywittyname on Monday December 07, 2020 @03:37PM (#25337126)
Economic growth that isn't evenly distributed is not good.

If you're a poor person, you'd (probably) rather have a cheap home in a poor city surrounded by other poor people, than be the poor person stuck in a gentrifying neighborhood which is getting increasingly hostile to your presence.

Re:Tech elites leaving San Francisco threaten Silicon Valley... by ummonk on Monday December 07, 2020 @03:26PM (#25336959)
I think there are two issues here. First, housing is somewhat inelastic in that it takes multiple years to respond to a rise in demand and plan out and build new housing even with a reasonably fast permitting / approval process. Second, due to labor and materials costs, the price of housing in many areas is far below the cost to build new housing so housing prices will necessarily go up even with maximum build rates. This can create affordability difficulties for the lower rungs of income.
Re:Tech elites leaving San Francisco threaten Silicon Valley... by lotsofpulp on Monday December 07, 2020 @04:27PM (#25337805)
>Second, due to labor and materials costs, the price of housing in many areas is far below the cost to build new housing so housing prices will necessarily go up even with maximum build rates.

Specifically, the cost of land is what causes the cost to build to be so high. Owning unproductive land is cheap, and incentivizes simply holding onto it until it appreciates sufficiently.

Re:Tech elites leaving San Francisco threaten Silicon Valley... by ummonk on Tuesday December 08, 2020 @07:51PM (#25353837)
Well the cost of land worsens housing prices, but even assuming the land is of negligible value the cost of construction itself will make new houses quite pricey compared to older homes in non-bubbly markets.
Re:Tech elites leaving San Francisco threaten Silicon Valley... by nitrogen on Monday December 07, 2020 @05:21PM (#25338493)
The cost of timber has also tripled this year, at least in some areas.
Re:Tech elites leaving San Francisco threaten Silicon Valley... by throwaway0a5e on Monday December 07, 2020 @02:00PM (#25335735)
You're crazy if you don't understand why a large portion of the population doesn't look at the bay area and say "the last people I want are the people who created that situation".

I think it's a lot more nuanced than that but the sentiment is at the very least understandable.

Re:Tech elites leaving San Francisco threaten Silicon Valley... by jeffreyrogers on Monday December 07, 2020 @01:22PM (#25335196)
There does seem to be a strong correlation between large influx of former California residents and increasing social problems.
Re:Tech elites leaving San Francisco threaten Silicon Valley... by d1zzy on Monday December 07, 2020 @01:51PM (#25335600)
Is this effect stronger with California residents relocating in particular or it will happen with any other residents relocating from different educational/social/political/economic background?
Re:Tech elites leaving San Francisco threaten Silicon Valley... by burnthrow on Monday December 07, 2020 @01:42PM (#25335458)
I think there's simply been an increase in social problems across the US, particularly homelessness and vagrancy. It's hard to pin that on California.
Re:Tech elites leaving San Francisco threaten Silicon Valley... by twalla on Monday December 07, 2020 @01:02PM (#25334889)
I don't think most people leaving the bay area are headed to some remote cabin in Montana or some sleepy town in the midwest - they're just moving to cheaper (comparatively) cities. Anyone pulling up roots with a bay area salary or a home in CA is going to have a huge cash advantage against anyone in the local market just about wherever they move.

On a personal note, it's been tons of fun competing with the multiple bids, sight unseen, over asking on 600-700k+ century old homes in need of another 100k worth of rehab.

Re:Tech elites leaving San Francisco threaten Silicon Valley... by lwhalen on Monday December 07, 2020 @01:11PM (#25335007)
I am heading to a remote cabin (well, farm actually) in Montana. Just waiting for Starlink to go GA. I'm currently in the Seattle area though.
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Re:Tech elites leaving San Francisco threaten Silicon Valley... by camjohnson26 on Monday December 07, 2020 @01:15PM (#25335089)
As if every Californian is the same politically.
Re:Tech elites leaving San Francisco threaten Silicon Valley... by apta on Monday December 07, 2020 @01:24PM (#25335219)
In aggregate, they seem to be. Most vote for dems who want to increase taxes. In a country with a two party system, it's basically the same as bringing their entire policies with them.
Re:Tech elites leaving San Francisco threaten Silicon Valley... by Apocryphon on Monday December 07, 2020 @03:37PM (#25337111)
Conservative-voting transplants in Texas helped Ted Cruz beat Beto:

https://www.dallasnews.com/news/politics/2018/11/09/native-t...

Re:Tech elites leaving San Francisco threaten Silicon Valley... by tlear on Monday December 07, 2020 @06:55PM (#25339469)
Well they defeated prop 16, which every dem and their grandma campaigned and donated for.

Maybe there is hope? Not likely but who knows

Re:Tech elites leaving San Francisco threaten Silicon Valley... by artvark11 on Monday December 07, 2020 @01:24PM (#25335231)
God no, please don't move to rural areas. They don't need more people.
Re:Tech elites leaving San Francisco threaten Silicon Valley... by burnthrow on Monday December 07, 2020 @01:48PM (#25335544)
They actually do need more people, there's quite a drain of young people in these communities which leads to closed farms and hollowed out Main Streets. But transient npm ninjas aren't quite the ticket.
Re:Tech elites leaving San Francisco threaten Silicon Valley... by JMTQp8lwXL on Monday December 07, 2020 @03:00PM (#25336538)
Unless you are Native American, you or one of your ancestors immigrated to the SFBA. So to say outsiders aren't welcome, when one is or descended from an outsider, is a little bit rich in irony.
Re:Tech elites leaving San Francisco threaten Silicon Valley... by nunez on Monday December 07, 2020 @04:08PM (#25337551)
Austin isn’t full at all lol
Re:Tech elites leaving San Francisco threaten Silicon Valley... by elevenoh on Monday December 07, 2020 @04:58PM (#25338198)
Austin is good during quarantine. But not for safe, social, walkability.
Re:Tech elites leaving San Francisco threaten Silicon Valley... by JohnCohorn on Monday December 07, 2020 @10:01PM (#25341177)
It depends on what you’re walking to and for. I walk several miles a day in Austin’s parks and green belt areas. I’m thankful for where I live during COVID.
Re:Tech elites leaving San Francisco threaten Silicon Valley... by mixmastamyk on Monday December 07, 2020 @03:18PM (#25336839)
Who do you think moved out to CA in the first place?
Re:Tech elites leaving San Francisco threaten Silicon Valley... by seppin on Monday December 07, 2020 @05:59PM (#25338917)
> I always answer: fuck off; we're full.

Actually being from SF, I have never once given any transplant any shit (mostly because at any given party I am the only local).

It would never occur to me to be nativist in my own country, how does this shit fly elsewhere?

Re:Tech elites leaving San Francisco threaten Silicon Valley... by colechristensen on Monday December 07, 2020 @06:36PM (#25339294)
I am likewise on my way out the door, not quite to the giving notice stage but not far either.
Re:Tech elites leaving San Francisco threaten Silicon Valley... by justinzollars on Monday December 07, 2020 @12:38PM (#25334525)
Where are you going?
Re:Tech elites leaving San Francisco threaten Silicon Valley... by bigyikes on Monday December 07, 2020 @06:05PM (#25338985)
ATX, baby!
Re:Tech elites leaving San Francisco threaten Silicon Valley... by justinzollars on Tuesday December 08, 2020 @04:51PM (#25351867)
Congratulations!
Re:Tech elites leaving San Francisco threaten Silicon Valley... by seppin on Monday December 07, 2020 @05:57PM (#25338896)
> There just aren’t good reasons to live here anymore for so many of us

The majority of people that say this are also the exact reason why the city is blackhole of culture and fun. You aren't in traffic, you are the traffic.