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Old 10-05-2018, 07:42 AM
 
42 posts, read 20,546 times
Reputation: 38

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Thanks for posting the video, it appears to be nicely produced and attractive. I'm seeing modest growth in the local tech scene, matched by Remote tech workers (like me) moving here. One thing the video exposes is that I'd HATE to work in all those open concept workspaces, which just don't work. See this study from Harvard Business School.
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Old 10-05-2018, 10:46 AM
 
6,904 posts, read 2,564,195 times
Reputation: 4691
Quote:
Originally Posted by LocalHero View Post
There's two different issues at play here... outside workforce coming in and making Charleston less affordable for the existing population has been going on for decades now. That same effect has also brought opportunity to many in the local population though not for all.

For the bigger picture of Charleston's economy in general, the burgeoning tech scene is a big postitive imo. Manufacturing has helped diversify Charleston's economy which was largely tourist based and it can only be a good thing to diversify further into tech. We just saw how big a hit the tourist economy took from the non-hurricane event.

I missed the memo about the upcoming tech bubble burst. When do you think that will happen?
I have no idea, but if history is any guide, runaway valuations on arbitrary products usually end poorly. It definitely has a bubble feel to it.
https://www.google.com/amp/s/www.cnb...is-coming.html
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Old 10-07-2018, 05:28 AM
 
Location: James Island, SC
2,957 posts, read 2,640,341 times
Reputation: 829
Quote:
Originally Posted by smashsc View Post
Thanks for posting the video, it appears to be nicely produced and attractive. I'm seeing modest growth in the local tech scene, matched by Remote tech workers (like me) moving here. One thing the video exposes is that I'd HATE to work in all those open concept workspaces, which just don't work. See this study from Harvard Business School.

Ha, I thought the same thing. I've never had an office job but can't imagine the level of distraction working in an environment like that!


Quote:
Originally Posted by Ziggy100 View Post
I have no idea, but if history is any guide, runaway valuations on arbitrary products usually end poorly. It definitely has a bubble feel to it.
https://www.google.com/amp/s/www.cnb...is-coming.html

Interesting article. I won't pretend to understand the ins and outs of that economic sphere and I wonder how much of Charleston's tech buildup is tied in to those unicorn companies. What would happen locally if the several of the big techs built on fairy dust suddenly went poof?
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Old 10-12-2018, 02:27 PM
 
12 posts, read 7,185 times
Reputation: 34
The rub that I see here with the work at home who get paid San Francisco income while living in a condo here is if you loose your job, you're not going to make anywhere near what you made with a local tech startup.


Bubble will pop. As interest rates rise, financing becomes more expensive and the pension funds dropping billions into VC will dry up. That, or the recession actually pushes profitability vs. subsisting on debt. I'd be surprised if we don't see one by 2020.
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Old Today, 06:18 AM
 
Location: Charleston, South Carolina
9,475 posts, read 13,167,899 times
Reputation: 1995
Tech wages are growing in Charleston, rivaling those of other tech hubs, albeit with higher housing costs.

https://www.postandcourier.com/busin...3c8951987.html
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