Housing Bubble - Massachusetts

[jayrandom]

Originally Posted by Ninotchka P

Although we have some tectonic plates of our own here.

We have some minor faults but only one plate (the North American Plate). The plate boundary is in the middle of the ocean. The risk is much lower than the Pacific Northwest.

[Shrewsburried]

Originally Posted by timberline742

Well that's a bit of a misleading statement. It isn't like we're losing jobs, its just that we're creating these employees with our many great academic institutions faster than the market can take them in, but the market is expanding too. It's a pretty good problem, not a bad one like most brain drains.

I assumed, perhaps wrongly, that they were accounting for established working professionals and not recent graduates. I have plenty of peers working in med-dev who have bailed for the west coast over the past 3-4 years, so it seemed plausible. The commentary of high COL driving out workers did cause me pause considering they listed San Fran and Seattle as the primary destinations.

[timberline742]

Originally Posted by Shrewsburried

I assumed, perhaps wrongly, that they were accounting for established working professionals and not recent graduates. I have plenty of peers working in med-dev who have bailed for the west coast over the past 3-4 years, so it seemed plausible. The commentary of high COL driving out workers did cause me pause considering they listed San Fran and Seattle as the primary destinations.

The CBRE study doesn't just include established working professionals. In fact, analyzing graduation rates is one of their primary methods of determining where tech talent exists. They compare graduation rates to employment rates to determine "brain drain".

[Shrewsburried]

Originally Posted by timberline742

The CBRE study doesn't just include established working professionals. In fact, analyzing graduation rates is one of their primary methods of determining where tech talent exists. They compare graduation rates to employment rates to determine "brain drain".

WGBH just clarified the data. They're original reporting was a bit disingenuous, or at a minimum, far too vague. I wouldn't expect the term "brain drain" to be applied to graduates who temporarily relocated to an area specifically for education.

[timberline742]

Originally Posted by Shrewsburried

WGBH just clarified the data. They're original reporting was a bit disingenuous, or at a minimum, far too vague. I wouldn't expect the term "brain drain" to be applied to graduates who temporarily relocated to an area specifically for education.

Neither would I.

[semiurbanite]

Originally Posted by Shrewsburried

NPR today: Boston lost 17K skilled tech workers in past 4 years to other cities such as San Fran and Seattle.

I'll check this out later, hopefully they discussed the fact that non-competes chase many tech companies spun out of Harvard and MIT out of Boston, including Facebook. The one thing hurting your company's quest for talent - Fortune

And that our legislature will hopefully get rid of these soon: https://www.bostonglobe.com/business...6fI/story.html