Re:Where do the wealthiest 1% live?
by sliverstorm on Sunday January 25, 2015 @09:04PM
(#8945211)
First, yes. Like many other investments of capital, (such as research) it provides economic opportunities.
Second, absolutely yes. This has been the dream of telecommuting for, what, a decade? But rather than increasing discretionary income, remember that perfect telecommuting brings with it increased competition, which drives down compensation. So you would probably not see 2014 San Francisco tech salaries being paid to all those remote workers. A real part of today's high SV salaries is simple cost-of-living adjustment that would be unnecessary with remote hires in Nowhere, USA.
Second, absolutely yes. This has been the dream of telecommuting for, what, a decade? But rather than increasing discretionary income, remember that perfect telecommuting brings with it increased competition, which drives down compensation. So you would probably not see 2014 San Francisco tech salaries being paid to all those remote workers. A real part of today's high SV salaries is simple cost-of-living adjustment that would be unnecessary with remote hires in Nowhere, USA.