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Yes rich and well educated immigrants are in fact replacing the low-skilled natives from the area. No wonder tech industry is booming with the influx of talented people. If you can't afford bay area there is always midwest!
This is the first post I actually agree with you lol. The reason why these tech companies choose San Francisco and the Bay Area is because it's where the educated want to live. It would be much cheaper for them to open shop in Nevada for example, but good luck trying to retain top talent.
This is the first post I actually agree with you lol. The reason why these tech companies choose San Francisco and the Bay Area is because it's where the educated want to live. It would be much cheaper for them to open shop in Nevada for example, but good luck trying to retain top talent.
Umm, you know companies like Apple, Intel, and HP have moved a sizable amount of their operations to places like Austin, right?
Apple is moving 4,000 jobs to Austin, Intel has already moved 10,000. It's not just tech. Waste Management Inc is moving a sizable portion of it's 7,000 person workforce from Sacramento to Houston, and Xeris Pharmaceuticals Inc is completely leaving San Rafael for Texas. In fact, Texas was the No. 1 destination for California companies relocating or expanding business operations in the first half of last year, according to research by business relocation specialist Joe Vranich, owner of Spectrum Location Solutions of Irvine, Calif.
That's just the big blue chip companies. In terms of small business, California is lagging way behind in terms of small business growth over the past 4 years. Educated or not, $1,000,000 3/2 shoe boxes are simply not affordable to people, even those with strong income streams.
Overall, California is driving jobs AWAY from the state rather than attracting them.
Reasons?
1. Poor rankings: California tops multiple lists of the worst taxes, lifestyle, crime rates, demographics and business climate.
2. Adverse climate: Chief Executive magazine found leading executives say California has an adverse business climate.
3. Excessive spending: California has the lowest credit rating and the highest budget deficit of any state.
4. Not business friendly: California ranks low on business friendliness surveys and lacks economic, regulatory and personal business freedoms.
5. Cost savings in other locations: Companies like Intel Corp., which said it would never build another plant in California, are focusing on growing in other locations.
6. Expensive locations: The majority of California companies pay more than in other areas in the U.S. to do business in the state.
7. Legal treatment: Los Angeles, San Francisco, Sacramento, and most of California rank low in business legal fairness by the Civil Justice Association of California.
8. Regulatory burden: Multiple surveys have found companies regularly say it is hard to do business in California.
9. Taxes: California has consistently ranked as one of the states with the worst business taxes.
10. High energy costs: Estimates show that California energy costs are already 50 percent higher than the rest of the country, and due to new regulations designed to boost renewable energy sources, they are expected to get higher.
Umm, you know companies like Apple, Intel, and HP have moved a sizable amount of their operations to places like Austin, right?
Apple is moving 4,000 jobs to Austin, Intel has already moved 10,000. It's not just tech. Waste Management Inc is moving a sizable portion of it's 7,000 person workforce from Sacramento to Houston, and Xeris Pharmaceuticals Inc is completely leaving San Rafael for Texas. In fact, Texas was the No. 1 destination for California companies relocating or expanding business operations in the first half of last year, according to research by business relocation specialist Joe Vranich, owner of Spectrum Location Solutions of Irvine, Calif.
That's just the big blue chip companies. In terms of small business, California is lagging way behind in terms of small business growth over the past 4 years. Educated or not, $1,000,000 3/2 shoe boxes are simply not affordable to people, even those with strong income streams.
Overall, California is driving jobs AWAY from the state rather than attracting them.
Reasons?
1. Poor rankings: California tops multiple lists of the worst taxes, lifestyle, crime rates, demographics and business climate.
2. Adverse climate: Chief Executive magazine found leading executives say California has an adverse business climate.
3. Excessive spending: California has the lowest credit rating and the highest budget deficit of any state.
4. Not business friendly: California ranks low on business friendliness surveys and lacks economic, regulatory and personal business freedoms.
5. Cost savings in other locations: Companies like Intel Corp., which said it would never build another plant in California, are focusing on growing in other locations.
6. Expensive locations: The majority of California companies pay more than in other areas in the U.S. to do business in the state.
7. Legal treatment: Los Angeles, San Francisco, Sacramento, and most of California rank low in business legal fairness by the Civil Justice Association of California.
8. Regulatory burden: Multiple surveys have found companies regularly say it is hard to do business in California.
9. Taxes: California has consistently ranked as one of the states with the worst business taxes.
10. High energy costs: Estimates show that California energy costs are already 50 percent higher than the rest of the country, and due to new regulations designed to boost renewable energy sources, they are expected to get higher.
Republican propaganda notwithstanding, bay area is still miles ahead of all those other places when it comes to tech industry and CA beats almost every state in terms ofdesirability. Only in republican fantasy high taxes hurt job growth... Just about every developed country has much higher taxes then poor developing countries.
Umm, you know companies like Apple, Intel, and HP have moved a sizable amount of their operations to places like Austin, right?
Apple is moving 4,000 jobs to Austin, Intel has already moved 10,000. It's not just tech. Waste Management Inc is moving a sizable portion of it's 7,000 person workforce from Sacramento to Houston, and Xeris Pharmaceuticals Inc is completely leaving San Rafael for Texas. In fact, Texas was the No. 1 destination for California companies relocating or expanding business operations in the first half of last year, according to research by business relocation specialist Joe Vranich, owner of Spectrum Location Solutions of Irvine, Calif.
That's just the big blue chip companies. In terms of small business, California is lagging way behind in terms of small business growth over the past 4 years. Educated or not, $1,000,000 3/2 shoe boxes are simply not affordable to people, even those with strong income streams.
Overall, California is driving jobs AWAY from the state rather than attracting them.
Reasons?
These are large global companies that move jobs everywhere and they usually move low end jobs to low cost areas... They are not moving their top jobs out of bay area.. In fact they are adding more. There is a reason CA is so expensive... Because its a more advanced area with much higher income than middle American states.
THE EXPORT BUSINESS IN CALIFORNIA (PEOPLE AND JOBS)
California is no longer an incubator of high-wage jobs. The state lost 370,000 jobs paying 25 percent or more of the average wage between 2000 and 2008. This compares to a 770,000 increase in the previous 8 years. California is trailing Texas badly and the nation overall in creating criticial STEM jobs and middle skills jobs. Only two states have higher unemployment rates than California (Nevada and Rhode Island) . California has the second highest underemployment rate (20.8 percent), which includes the number of unemployed, plus those who have given up looking for work ("discouraged" workers) and those who are working only part time because they cannot find full time work. Only Nevada, with its economy that is overly-dependent on California, has a higher underemployment rate.
The real truth is California is LOSING more high wage jobs, it's not creating very many, and overall job growth has slumped. The reason why California is so expensive is because many drink too much California Dream "kool aid", and overpay for it (aka over leverage themselves).
The California of 1990-2000 is forever gone, the California of 2000-2012 is riddled with debt, and no money to pay it back.
The real truth is California is LOSING more high wage jobs, it's not creating very many, and overall job growth has slumped. The reason why California is so expensive is because many drink too much California Dream "kool aid", and overpay for it (aka over leverage themselves).
The California of 1990-2000 is forever gone, the California of 2000-2012 is riddled with debt, and no money to pay it back.
Once again these are meaningless. I work in research field and I am looking for jobs and outside of bay area, Boston, San Diego, DC, NYC area they are nowhere to be found. In fact a mid-sized startup in bay area probably has more Ph.D. level positions open than the entire state of TX in many fields. So all the statistics you point out about TX is meaningless. In fact, MA is the only state which is comparable to CA when it comes to high tech/biotech jobs.
By your standards if Apple suddenly moves their HQ to low tax and low cost of living Alabama suddenly all the chicken farmers there will start designing the next iPhone! It's not gonna happen.... And in case you haven't noticed the high tech workforce is heavily foreign born and they are simply not going to relocate to low tax places in deep south. It's just the way it is.
I don't like all the startup hype in the Bay Area because it is just ruining the area, but denying that there aren't a ton of startups there and more everyday is just typically Fantastic. High taxes and the cost of living does nothing to dent the desire of techie people to start businesses in the Bay Area. Also if you look at the entire state of California, any stats are going to be dragged down by the rest of the state.
Anyway we're getting off topic here. If the OP has a firm job offer, then the Bay Area being "inhospitable to startups" is completely irrelevant, and it's not inhospitable to them anyway. But this is going to be ignored by a certain Fantastic poster because he can't deal with dissent.
To the OP, $86,000 is ok but pretty average by Bay Area standards, and you'll feel the squeeze with rent. I would consider getting a job yourself, it doesn't make sense to have one person making that kind of income and supporting two people. As for having two homes, are you unable to sell the house or rent it out? Also you're not giving us any info about where in SF he will work (or even if his job is in SF and not a suburb) so we can't give town recommendations based on commute.
By your standards if Apple suddenly moves their HQ to low tax and low cost of living Alabama suddenly all the chicken farmers there will start designing the next iPhone! It's not gonna happen.... And in case you haven't noticed the high tech workforce is heavily foreign born and they are simply not going to relocate to low tax places in deep south. It's just the way it is.
That's not my point. Apple, HP, and Intel have moved large amounts of their workforce to Austin, Texas and managed to attract plenty of domestic and foreign born engineers. You're trying to paint Austin like it's some back water hillbilly town. Have you been to Austin?
This all goes back to my original point, the OP is going to trade her fairly nice middle class lifestyle for living a much LOWER quality of life by having to cram into a 1-2 bedroom apartment. For some reason, young people like yourself think that's normal and fine. I guess I'm from a different generation where you paid for things based on your income, not the amount of credit you could leverage.
Yes rich and well educated immigrants are in fact replacing the low-skilled natives from the area. No wonder tech industry is booming with the influx of talented people. If you can't afford bay area there is always midwest!
Yeah, and there's great tacos, falafel & Indian food over here too
The real truth is California is LOSING more high wage jobs, it's not creating very many, and overall job growth has slumped. The reason why California is so expensive is because many drink too much California Dream "kool aid", and overpay for it (aka over leverage themselves).
The California of 1990-2000 is forever gone, the California of 2000-2012 is riddled with debt, and no money to pay it back.
These statistics have been posted in countless right wing blogs, sites, etc. etc. over the last decade or so. It is played out by now. If all of these were so dire, the bay area would have a higher unemployment rate than the rest of the country. But San Francisco's unemployment rate is 6.9%. The other thing is if these were all true, the markets would have responded and it would lead to a decline in housing prices and leasing rates. Fact is both of these metrics have moved in opposite direction indicating that the demand is not slowing down at all.
As andyandhi pointed out, taxes is one factor in determining where companies locate. Clusters, supply chains, labor supply, talent, desirability are arguably more important factors in determining company locations. Remember Bay Area attracts a lot of foreign talent, and usually in Asia and Europe people live in cramped urban areas, in high rises or smaller apartments. So most of them are ok to live in rented apartments or condos. Places like Tokyo and Seoul are more expensive, and more dense than the Bay Area, yet those are epicenter for business growth and activities.
Also, as someone who was recently in the job market for a senior managerial roles in tech industry. Trust me there are very few alternatives to the Bay Area.
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