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Why Tech Firms Flock to Expensive Cities | WSJ
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Why Tech Firms Flock to Expensive Cities | WSJ
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mock my words, detroit will be on that list
Will we eat radio sandwich by then
Telegraph internet is a way
All you have to do is lower taxes in expensive areas all around
how to implement cc
Brookings is a left-wing think-tank.
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you should do covid update on this
I wonder where this stands now
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Not sure this is going to be the case going forward big tech is fully embarrassing remote work models, seems like Austin is going to be the new tech hub going forward NY is still questionable since it handled the pandemic so poorly. New York just needs to be relocated to a city worth the money they are asking.
This is not aging well.
your lisp hurts my feelings, fix it.
more like stink tank amirite
New York want to look like Shenzhen..
But COVID has just changed so much. I have heard that New York's rents are crashing.
the CEOs decided why not stay at good places at flashy offices when the money isn't mine but other people's
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clustering also results in gangism . this tech companies have become too big and powerful indvidiually and they are so more powerful together that they now control the US govt invisibly , for eg. facebook involvment in elections tampering or amazon evading taxes and so on . this clustering is to be broken and cos to be weaken so they dont overpower. with regards to higher wages there are also equally same or more higher expenses ? and also a lifestyle to keep up with ? in the end except a few smart guys with money most are going to be still on same page .
this is why apple is on another level lol
And all of that changed when the Corona Nation attacked
Now these Tech companies are leaving these cities. It clearly wasn't sustainable. Now you see more Tech companies going to smaller large cities like Austin, Boston, Denver.
The Indifference Principle of economics states that supposed gains in affluence in a city are offset by migration to that city, which increases prices. The only beneficiaries are those who own fixed assets, primarily real estate. And by the way, the closing statement by the Brookings Institute dude is a bunch of hooey. I've enjoyed a fine career in tech outside of any of the expensive cities or Big N companies. And now that remote work is acceptable, people are fleeing those cities anyway.
Not as good as Vox
laughs in berlin tech hub
NYC hasn't seen rent go up like Seattle or San Fran
Figure at 4:40 is incorrect
national median home price in 2019 in the USA is $230,000 not $23,000
LOL
Exactly what I'm seeing in Dublin. The question is how to manage the agglomeration
Propaganda
Corona virus watched this video & now everyone is WORKING FROM HOME.
This aged well…
You would think people in tech learn from internet and like to work alone.
The tech agglomeration is not a US only phenomenon. London has attracted several major tech companies. Both Facebook, YouTube and Google have offices (or are building offices) in Kings Cross which is a tiny area of London. Apple is also moving in as the anchor tenant of the redevelopment of Battersea Power Station
Y
One Pandemic has made all these superfluous
Let’s collect all this rise in land value and abolish taxes on labor and capital. Georgism now!
They all wanna be near McDonald’s and star bucks that’s why!
the practice also increases it's vulnerability. no wonder Potus wants to withhold fed funding.
7 months later this video is obsolete.
This is a very misleading video, only showing the “good” to the side of the wealthy. This generally benefits the opulent and only feeds their greed. The money for Hudson Yards was taken from affordable housings funds to build this project…
I’d love to see a post-COVID update to this.
Tech is getting overated. The economy and society was better without it.
Well at least now we can take clustering off the issues list. Horray.
I hope corona will change the landscape of offices , work culture and work locations all together . I think this will definitely start from High real estate places like Sanfrancisco to Mumbai . Instead of agglomeration i think Distribution of resources is what beneficial to country at large