Imagine caring where people shipped work from instead of just caring that they shipped the work.
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That part is just admitting that bay area salaries include a hefty "housing tax" component levied by landlords and longtime homeowners. Similar to a local income tax, except benefits are privatized
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Basically, they're not paying you just the value of the work, they're paying you the value of the work plus the private housing tax. Might as well send it directly to bay area landlords -- then everyone can be paid the same independently of location
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@nextdoorsv he's saying the quiet part loud
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You have it the other way around, they can charge the housing tax because salaries are so high/FAANG so profitable.
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This is true literally anywhere. Landlords always capture the economical surplus. To benefit one has to pick a place where their economical power is higher than of the average population and hope they won’t be followed by others who would bring more of it or the costs go up
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