This investment is enough to buy five homes in San Jose, where the median home price is $995,000. Google has over 100 open job postings around San Jose this morning and a $31 B profit last year.https://twitter.com/sundarpichai/status/1189189205085188096 …
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The fact that the tech industry, the richest in the world, is a net drain on the region it's based in is an astonishing indictment of tax policy and regional planning in California. The state is burning fifty kilometers from a mountain range made of money.
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Replying to @Pinboard
Every time I bring this up I get apologists coming with "these unbelievably powerful companies would totally invest in their areas more if it weren't for the mean ol SV nimbys" and while I'm sure that's a factor the usual tech stink of "not our fault" is unmistakable.
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Yeah, the idea that Apple can negotiate huge infrastructure projects with China but not the Cupertino city council always struck me as far-fetched
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