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Old 02-08-2018, 06:53 PM
 
2,360 posts, read 1,026,502 times
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Quote:
Originally Posted by JimRom View Post
Nothing greedy about capitalism. Nor is it evil. Nobody is forcing anyone to take part in the transaction in capitalism. Person A has something to sell or rent and sets a price that they feel their item is worth. Person B decides whether or not to purchase or rent the item based on their assessment of the item's worth.

As to the OP, supply and demand is the main reason for a higher COL in high salary areas. Higher salaries draw more people to the area, leading to a higher demand for available properties. When you have high demand vs. limited supply, the price goes up.

If your the only game in town, choices are limited. Your stuck paying the high rate because the owner knows they have no competition to keep price in check. So lose the job over some smut wants to be greedy, is it worth it?
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Old 02-08-2018, 07:18 PM
 
Location: Jacksonville, FL
6,695 posts, read 7,350,890 times
Reputation: 5443
Quote:
Originally Posted by hitpausebutton2 View Post
If your the only game in town, choices are limited. Your stuck paying the high rate because the owner knows they have no competition to keep price in check. So lose the job over some smut wants to be greedy, is it worth it?
Lol. Show me a city that only has one landlord. You can always find something cheaper than the market price. It may be less desirable to you, but that's the choice you have to make. Nobody is holding you hostage and forcing you to sign a lease against your will.
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Old 02-10-2018, 07:43 AM
 
490 posts, read 195,486 times
Reputation: 999
Quote:
Originally Posted by hitpausebutton2 View Post
Does high COL coincide to the fact their is jobs that have a higher then market salaries?

Example: Town has average job rate 10$ a hour /400 week. So COL is base on this wage. Everybody still have some funds left over to go eat dinner at red lobster. Rent around $300 and average food is $100 a week. So now google comes in offers $20 a hour /800 week. Since the Business and LL knows that the person got a huge pay check, they are now raising the rents to $600 and food is now $200. So why jack up the COL due to increase in a person pay check?
This is how an economy, specifically capitalism and business is done.

But the scenario you describe just isn't that cut and dry. You make it sound like that will literally be done the moment a new business comes around or somewhat higher wages are available.

Anyone making $10 hr /400 week shouldn't be eating at Red Lobster anyway.
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Old 02-10-2018, 07:48 AM
 
490 posts, read 195,486 times
Reputation: 999
Quote:
Originally Posted by hitpausebutton2 View Post
Does high COL coincide to the fact their is jobs that have a higher then market salaries?

Example: Town has average job rate 10$ a hour /400 week. So COL is base on this wage. Everybody still have some funds left over to go eat dinner at red lobster. Rent around $300 and average food is $100 a week. So now google comes in offers $20 a hour /800 week. Since the Business and LL knows that the person got a huge pay check, they are now raising the rents to $600 and food is now $200. So why jack up the COL due to increase in a person pay check?
Additionally, Google doesn't pay anyone $20 an hour. Some make $20 a minute. Google employees (some at least) can afford $5 million dollar homes.
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Old 02-10-2018, 07:51 AM
 
490 posts, read 195,486 times
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Quote:
Originally Posted by hitpausebutton2 View Post
So joe is raising rent because he can ,now others LL will do the same because Joe is doing it? Goal is take much as possible from the person due the fact they have "disposable" income. Talking about highway robbery.. Easy terms its not hard to have a Low COL its just business wants to max out their retail fees because the person has a increase in salary. Then this drives out the person making $10 a hour now..
The person making $10 an hour who is trying to earn an adult living on that has problems of their own. They should seek a better job. A $10/hr job is for a teenager or maybe a college student who may very well have additional sources of support.
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Old 02-11-2018, 12:30 AM
 
2,768 posts, read 1,494,078 times
Reputation: 2172
Quote:
Originally Posted by Stonepa View Post
Here are the types of architects we hire. Didn't realize it was so hard for some people to Google things:

Technical Architect in tech industry - https://www.cwjobs.co.uk/careers-adv...ical-architect

Data Architect - https://en.wikipedia.org/wiki/Data_architect

Business Warehouse Architect - https://www.techopedia.com/definitio...t-bi-architect

User Experience Architect - https://artisantalent.com/job-descri...b-description/

Machine Learning Architect - https://xilinx.referrals.selectminds...ect-ml-ai-4371

And programmers today are really builders - they build services and products for customers versus writing reports like they did in the past.

https://www.webpagefx.com/blog/inter...-in-the-world/

I'll stay in my bubble.
OMG are you a twit.

Of course the salaries will vary for many of those types of jobs, especially programmers. Higher in high COL areas such as SF, etc.
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Old 02-11-2018, 12:36 PM
 
Location: San Ramon, Seattle, Anchorage, Reykjavik
1,615 posts, read 689,233 times
Reputation: 2262
Quote:
Originally Posted by damba View Post
OMG are you a twit.

Of course the salaries will vary for many of those types of jobs, especially programmers. Higher in high COL areas such as SF, etc.
They do not. Just hired another experienced cloud architect this week. Salary was not dependent on location.
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Old 02-12-2018, 05:59 AM
 
3,302 posts, read 911,548 times
Reputation: 2015
Quote:
Originally Posted by AlmostSeniorinNJ View Post
This is how an economy, specifically capitalism and business is done.

But the scenario you describe just isn't that cut and dry. You make it sound like that will literally be done the moment a new business comes around or somewhat higher wages are available.

Anyone making $10 hr /400 week shouldn't be eating at Red Lobster anyway.
Herein lies the problem. People making a lower-end wage, think they deserve to be able to go out and eat and spend their money how they want without thinking about it, and then claim to be victims of the 'system'.

Want to go out more often and spend more? Educate yourself, make yourself more employable and get a better job? But no, they will continue on their current existence, playing the victim card.

If one thinks of himself as a victim, he will be a victim.
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Old 02-12-2018, 10:25 PM
 
2,768 posts, read 1,494,078 times
Reputation: 2172
Quote:
Originally Posted by Stonepa View Post
They do not. Just hired another experienced cloud architect this week. Salary was not dependent on location.
And guess what? That just means your company does not pay as well for that particular position.

Go look at a whole bunch of job listings for SF and Chicago. See if you notice anything.
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Old 02-12-2018, 10:35 PM
 
24,714 posts, read 26,777,106 times
Reputation: 22704
Quote:
Originally Posted by hitpausebutton2 View Post
If your the only game in town, choices are limited. Your stuck paying the high rate because the owner knows they have no competition to keep price in check. So lose the job over some smut wants to be greedy, is it worth it?
That's not capitalism. That's monopolism. It's a valid problem. But please, please, please, don't confuse free market capitalism with cartelism. Most people who do that just go running to the government as their savior. Government is also a monopoly and despite what it tells you, it is also a monopoly that doesn't care about you; nor is it any more efficient than a private monopoly.
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