(01-21-2018 04:09 PM)umbluegray Wrote: (01-21-2018 03:47 PM)Tom in Lazybrook Wrote: I'm very glad to hear all this talk of California's economy imploding. So that means I can buy a 1500 sq foot condo with deeded off street parking in a decent neighborhood in San Francisco for less than 750,000 dollars?
I didn't think so.
And Los Angeles is just as expensive. BTW, its because people with money demand to live there is why its so expensive.
I thought that markets speak? Well they are. California is really, really, valuable.
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The problem with California is that it is heaven on Earth for high dollar job creators. Sure, you can move the back office people somewhere else, but the real intellectual capital will remain in California.
Just curious... should the back office people get paid at the same rate as the real intellectual capital people?
Basically, people's salaries usually are dependent upon two things
1) The value the company recognizes that you bring to the company
2) The competition for that job.
In other words, the high dollar jobs will go to those that provide incremental value over other applicants.
There are a lot of good Accountants and Payroll available. For most hiring and staffing, a HR generalist can handle it.
There's lots of competition.
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Whether I think its fair is kind of irrelevant. The job market works like that and will continue to do so.
And the job creators felt so strongly about keeping their jobs in California that only now are they moving some of the less valuable jobs out. And that's not because California failed....its because California has been too successful, which has crowded out people with jobs that don't make enough money to live decently there.
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This whole double campus boomlet is because the people in charge won't leave the Coasts, but housing has gotten too expensive to retain back office talent. Its just like a company choosing to have its HQ in NYC and its manufacturing somewhere else....
Besides, getting someone else to pay for your relocation expenses is also a nice plus.