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Apple Looks Beyond Silicon Valley to Improve Recruitment and Retention
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All these articles tend to be PR. Nobody's moving out of silicon valley because that's where the talent is and that's where it will always remain. Until the business model changes (companies doing their own R&D vs acquisition) the concentration of talent in silicon valley cannot and will not change. There is no sign of that business model changing. If at all, it's getting more and more pronounced with dependence on tech.
They can't be reduced in six months, but there's plenty land and places that could be redevelop, the alternative is that prices will keep doubling or tripling those of NY, while expelling more and more people not linked to the tech world.
Office spaces in and around Silicon Valley were approved without consideration for housing impact, they have to start doing something about it, the Bay Area prices are transforming it into hell for many, no matter how beautiful you deem it to be.
You mean like the manufacturing towns in China where the employees all live in subsidized housing?
Inside 'iPhone City,' the massive Chinese factory town where half of the world's iPhones are produced
Half of the world's Apple iPhone production takes place at a sprawling Foxconn complex in Zhengzhou, China, that employs up to 350,000 people and has spawned a city, dubbed "iPhone City." We spent the day with Foxconn workers, restaurant owners, and others to find out what life is like there.
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People are fleeing California not just because of cost of living...
If prices would keep going up even as high-earning tech types move away, then that means demand massively outstrips supply.
People have realized this for a while. The older you get, very often, the more you value a work-life balance.
If you already earn a salary that keeps you comfortable, you may not want to take up that new position for an extra, say, $10K if the work hours increase tipping over that work-life balance excessively in favour of work.
WeI’ll see if that spaceship can fly to another state.
Spaceship is a symbol for the past. I imagine this will be one of the last centralised HQs of that size.
In a way it would be a true test of how they value their staff.You mean like the manufacturing towns in China where the employees all live in subsidized housing?
There, factory workers live in dorms in 10- or 12-story buildings outside Foxconn’s gates, while a migrating workforce of entrepreneurs and vendors sets up shop below to make a living cooking street food, offering massages, or selling socks and other knickknacks.
Inside 'iPhone City,' the massive Chinese factory town where half of the world's iPhones are produced
Half of the world's Apple iPhone production takes place at a sprawling Foxconn complex in Zhengzhou, China, that employs up to 350,000 people and has spawned a city, dubbed "iPhone City." We spent the day with Foxconn workers, restaurant owners, and others to find out what life is like there.www.businessinsider.com.au
Charge rent at a fixed percentage of their wage, say 40% (no research done) so the better paid subsidize the lower paid staff a little.
It will also test Apple on their privacy, design and eco values.
Nothing wrong with it if done right.
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In the process the social fabric of the region gets destroyed, as you can tell by the homeless ruining "one of the most beautiful places in the world". It seems you propose doing nothing.
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One reason I love my job. It can be done from a laptop anywhere in the world.
But when the view from your deck looks like this, you love working from home.
But when the view from your deck looks like this, you love working from home.
...so I was ahead of the curve as a tech worker who left San Francisco in 2010? Only took 10 years to catch up to what I realized then which is I couldn't find happiness or have a life in the Bay Area without being insanely rich but I could still contribute to the tech space and work in technology from anywhere with an Internet connection.
Timmy wanted a spaceship to impress his new Hollywood friends
In fairness to Tim Cook, the spaceship was Steve Jobs’ idea.
This. It's looking more and more like "OMG, we spent a ton of money building and showcasing this thing, and now we can't fill it up."
So spaceship is obsolete before it could really be used. Sad! Will become a monument to excess and a changing world, I guess.
Here's what may happen. Apple uses this as an opportunity to profit like all businesses and will have lower wages for employees in other locations. VMWare is doing this now.....if you move to other states for full time remote they cut your salary .....for example i heard 18% for certain areas.
Doing quick math you still end up far ahead if you went to Texas. Lets say you make $200k in CA for Apple now. With 18% reduction it's $164k in TX. You're take home pay difference after taxes(no state taxes in Texas) is going to be only a 7.5% difference. According to the cost of living difference $200k in San Fran is equal to $104k in Austin. This isn't even account for saving on commuting expenses if you went remote(most people have no idea how much they spend on this). https://money.cnn.com/calculator/pf/cost-of-living/index.html
CA $200,000
Take home $132,226
TX $164,000
Take home $122,621
Doing quick math you still end up far ahead if you went to Texas. Lets say you make $200k in CA for Apple now. With 18% reduction it's $164k in TX. You're take home pay difference after taxes(no state taxes in Texas) is going to be only a 7.5% difference. According to the cost of living difference $200k in San Fran is equal to $104k in Austin. This isn't even account for saving on commuting expenses if you went remote(most people have no idea how much they spend on this). https://money.cnn.com/calculator/pf/cost-of-living/index.html
CA $200,000
Take home $132,226
TX $164,000
Take home $122,621
Many other companies have moved and are in the process of moving out of Silicon Valley. The local mentality is total disbelief and the idea that they can never leave, it’s too good in the bay area, etc. they’re truly in for a rude awakening with that elitist mentality.
Rent regulation - Wikipedia
en.wikipedia.org
“Rent regulation” worked wonders in NYC, which is world-renowned for its “affordable housing.”
Maybe.
(There's always the question of how much worse the housing cost would be otherwise.)
Either way, the person was asking how you do it. I linked how you do it. Whether it's an effective or positive measure is another question entirely.