Everyone is embracing remote engineers these days!https://twitter.com/voyage/status/1155898043998191618 …
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Replying to @kimmaicutler
It's an interesting trend, but I really do wonder how this plays out if and when there's a contraction. Labor power for engineers is just so strong right now, and I don't know how this goes if/when that recedes.
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Replying to @markasaurus @allafarce
it will also affect the Bay Area's and California's long-run ability to grow its tax revenue base, offset the unfunded pension liability and fund whatever creative programs only parts of the country could only dream of.
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(other, not only)
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Replying to @kimmaicutler @markasaurus
I'm still skeptical of this phenomenon's order of magnitude. I'd like to see some data by firm size, because it feels to me very anecdotal at the moment.
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Replying to @markasaurus @kimmaicutler
Yeah, and I think that's the core of it. How much of this is peripheral vs. core? I tend to still think network effects are strong, but, again, most of my view here is that there's a way outsized story to data ratio.
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I think if there's a recession, lots of firms/companies will just re-concentrate in the Bay holding a floor on rents/real estate prices.
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