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
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Replying to @davidgobaud @Richard_Florida
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@DeanPreston1 reply 0 retweets 0 likes
David Gobaud Retweeted Union Street SF / 🚩Chesa 🚩
great example of SF waste right herehttps://twitter.com/unionstreetsf/status/1350889972899876864 …
David Gobaud added,
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