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It seems like this only affects areas where tech workers make up a lot of the population, like the bay area. Also, it assumes that non-tech workers won't just
by jsharf 4y ago
It seems like this only affects areas where tech workers make up a lot of the population, like the bay area.
Also, it assumes that non-tech workers won't just move to cheaper areas.
- Victerius 4y ago> Also, it assumes that non-tech workers won't just move to cheaper areas Which creates non-tech labor shortages in the original HCOL area and puts upward pressure on non-tech wages and downward pressure on tech wages, as non-tech wages are ultimately paid by the spending of everybody, including tech workers, who consume more than non-tech workers by virtue of simply earning more.