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It's a move from a union location to a non-union location.
As you know Boeing has had it's run-ins with the union lately.
A corporate reaction to union strong arm tactics.
It's a pretty big slap in the face, actually. Keep in mind that California had been losing jobs in that sector for years. So Boeing was telling the Washington unions, "hey, we'll even move to California to avoid you." And the Washington unions were like "what? We didn't think anyone would do that."
Yet you posted that CA is the engineering capital of the world.....
Originally Posted by Finn_Jarber View Post
The words "ignorant", "gun-toting" and "redneck" are your words, not mine.
TN is not exactly the engineering capital of the world, while CA is. It doesn't mean there is something wrong with TN, because many people like it just the way it is. Does this help you understnad the comment?
Poor people get priced out of high COL areas.
Go look up "gentrification" if you don't think so.
Of course they do - though they generally move to another lower-cost area of the city rather than move to a whole 'nother state.
None of which changes the fact that a high poverty rate is NOT a good thing.
As I said, it's no badge of honor to have high numbers of poor people.
As a general rule a high COL denotes a desirable place to live while a low COL denotes an undesirable place to live. This is pretty much common sense as the COL is generally driven by demand (or lack of it). Though there are exceptions (usually temporary in nature) you rarely find high COL areas that are undesirable places to live (if they were so undesirable, there would be little demand to live there and therefor low cost of housing etc).
Easy to be both when you have so many people living there.
30% of venture capital in US revolves around SF / Silicone Valley area, so there is more to it than just population. 8 out of top 20 cities in US with highest number of start-ups are in California.
Of course they do - though they generally move to another lower-cost area of the city rather than move to a whole 'nother state.
None of which changes the fact that a high poverty rate is NOT a good thing.
As I said, it's no badge of honor to have high numbers of poor people.
As a general rule a high COL denotes a desirable place to live while a low COL denotes an undesirable place to live. This is pretty much common sense as the COL is generally driven by demand (or lack of it). Though there are exceptions (usually temporary in nature) you rarely find high COL areas that are undesirable places to live (if they were so undesirable, there would be little demand to live there and therefor low cost of housing etc).
Ken
Yeah but only for those with money that can afford it.
Go over to the Austin forum where high COL is finally hitting the solid middle class who are fleeing to the suburbs. And the suburbs in turn are raising taxes because of the demand on the services.
It's a vicious circle.
Sure they move to a lower cost area of the same city..until gentrification catches up to them.
It's happening in Austin on the east side and also in Portland if you recall the article about a Trader Joe's (if I recall correctly) being built in an area just starting to gentrify.
Chevron is moving from San Francisco to Houston. Most of the employees there won't move to Houston, despite the company trying to convince them that it's a liberal city with a gay mayor etc. So they're going to lose a lot of talent, in the shortsighted rush to move every single damn oil industry HQ to Houston.
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