I mean yeah, they’ll have to. But they’ll have to be paid enough to live there. If you’re paying a janitor $80k because that’s what he needs to vac to floors and empty the bins, companies might start asking “what the fuck are we putting our businesses in SF for?”
Remote work is another good equaliser there, but comes with the downside of remote workers also being available overseas and a lot cheaper.
I mean yeah, they’ll have to. But they’ll have to be paid enough to live there. If you’re paying a janitor $80k because that’s what he needs to vac to floors and empty the bins, companies might start asking “what the fuck are we putting our businesses in SF for?”
Remote work is another good equaliser there, but comes with the downside of remote workers also being available overseas and a lot cheaper.