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A comment on Tech industry's persistent claim of worker shortage may be phony. Parent comment

Re:Tech industry's persistent claim of worker shortage may b... by T2_t2 on Monday August 03, 2015 @02:12AM (#9994094)
And that's a big deal.

But if the cost of an employee is > their value, you get massive off-shoring. That's the danger, and as an Australian the opportunity, of Bay Area pricing being so crazy.

If the Bay Area wants to keep its advantage - in a world where Alibaba is the lead IPO of the last 5 years - it needs to remain competitive in all ways.

Rome wasn't built in a day, but it fell in one.

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Re:Tech industry's persistent claim of worker shortage may b... by gwright on Monday August 03, 2015 @07:17PM (#10000547)
No need to 'off-shore'. Presumably companies in the Bay area could start (or grow) branch offices in other places in the US that don't have such a high cost of living.

It may be that the cost to attract talent to the Bay area is now too high for all but the most profitable businesses. I have no idea if this is true or not but conceptually the giant payrolls needed may finally be overwhelming the benefits of locating a company in the area.

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