5. In fact, the members of the business elite doing this are not even being shy about it. They are telling us they are moving to lower tax, less regulated, more "business friendly" jurisdictions.
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6. Tech leaders companies are saying when workers move to remote work in lower costs place, they will get paid less. Their pay gets cut in line with living costs ...
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7. Frankly, I am surprised there has not been more conversation about this. The direct implication is lower wages for workers and less revenues for high costs locations.
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8. If one was a "marxist," one might even think of this as a capital strike of sorts - aimed at getting high cost, regulated, "progressive" places to "come in line."
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9. We've seen this movie before, over and over,. It did not start with Bezos & HQ2, or Musk & the Cybertruck factory or Ellison & Oracle, or real estate & finance types fleeing NYC for Miami.
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10. It happened to Pittsburgh, when industrial magnates started to abandon factories & move to the suburbs & the Sunbelt. Pittsburgh was the Silicon Valley of its day & a major center for corporate HQs.
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11. It happened to Detroit. Detroit was once one of the most innovative places on the planet. Home to the biggest companies in America. With well-paid unionized workers ... But then those companies moved on & moved out ...
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12. it is not "hard" to see what is up and what it portends. Yet where is the outrage ... Blinded perhaps but what some see is expensive, superstar cities getting their come-uppance.
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13. But it's not cities. It's workers taking pay cuts, its city budgets getting decimated, its austerity, its massive cuts to services ...
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Replying to @Richard_Florida
You assume a bigger budget means better services and quality of life but this is false - see SF likely most expensive city where crime, death, and despair exploded with taxes. It is just like a startup that raises too much money and gets bloated a cut may well improve everything
1 reply 0 retweets 0 likes
High paid tech workers are happy to trade dollar pay cut for overall way better quality of life by leaving the corrupt and incompetent politicians @LondonBreed @MattHaneySF @chesaboudin @DeanPreston
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Replying to @davidgobaud @Richard_Florida and
David Gobaud Retweeted Union Street SF / 🚩Chesa 🚩
great example of SF waste right herehttps://twitter.com/unionstreetsf/status/1350889972899876864 …
David Gobaud added,
0 replies 0 retweets 1 likeThanks. Twitter will use this to make your timeline better. UndoUndo
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