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Bay Area Tech Job Growth Has Rapidly Decelerated (mercurynews.com)
An anonymous reader shares a MercuryNews report: Job growth in the tech industry used to zoom like a race car, but these days, hiring by this principal driver of the Bay Area's economy chugs along more like a family SUV. The technology industry's job growth in the nine-county region has dramatically decelerated, according to this newspaper's analysis of figures released by state labor officials and Beacon Economics. Tech's annual job growth throttled back to 3.5 percent, or 26,700 new jobs, in 2016. That's much slower than the 6 percent annual gain of 42,300 jobs in 2015, or the 6.4 percent gain in 2014. And while the industry's 3.5 percent growth last year is still a sturdy annual pace, Bay Area technology companies have already disclosed plans to slash about 2,000 jobs in the first three months of 2017.
It's 2017, and you're a technology company, no, I will not move to the Bay Area.
Perhaps people are realizing when your market is global, you don't necessary have to be in the Bay area to develop; indeed, when you consider overheads, it seems silly, as there's good programmers everywhere.
..don't panic
Studios, 1, 2 bedroom apts are ~$2000, $2500, $3000 respectively. Rooms are $1000-1500/mo.
Or more likely there is only so much room to fit people in the Bay Area, so hiring in other cities has started to take up the slack. It really is ridiculous to pay developer $200k a year in a place where that doesn't even give you an upper middle class lifestyle when you can pay people $150k in most large cities (or their suburbs) which can give employees a much higher standard of living.
I wouldn't take a job in the Bay Area for even a $100k/yr raise, since my comfortable six figure salary in the Chicago suburbs gives me a 2500 sq ft house with a nice yard and public schools that rival the best private schools. My $500k house would cost at least $3 million in the Bay Area.
-- All that is necessary for the triumph of evil is that good men do nothing. -- Edmund Burke
Perhaps people are realizing when your market is global, you don't necessary have to be in the Bay area to develop; indeed, when you consider overheads, it seems silly, as there's good programmers everywhere.
The only reason companies stay in the Bay area is because of connections and the ability to quickly find venture capital. If that wasn't an issue you wouldn't see this going on at all.
Om, nomnomnom...
There's a shortage of tech workers to hire. Industry must have increased H1B caps!
That is all.
You say things that offend me and I can deal with it. Can you?
LinkedIn says there are 100,000+ tech jobs available in the San Francisco Bay Area.
On the downside, you're in the Chicago suburbs.
You are welcome on my lawn.
Dump some of the H1B visas, send those people back to where they came from, hire U.S. citizens at a good wage. The other issue is there are too many "startups" that do nothing but drain money. They don't PRODUCE anything.
IIRC an average of 3 people/year die in Chicago from ice falling off buildings. You can have it.
John McAfee 'It was like that time I hired that Bangkok prostitute; to do my taxes, while I fucked my accountant'
I'm sure more than three people a year die in California after receiving their tax bills for the year.
At least the ice is sort of natural.
Faster! Faster! Faster would be better!
Places with a bad reputation tends to not be as bad when you are used to living there.
In the same fashion places with a good reputation tends to attract all kinds of assholes making the place not as good as its reputation.
I live in one of those immigrant dense suburbs with a crap reputation.
Some decade ago there was a reported shooting. (A gun-nut neighbor shot his rifle to celebrate whatever and probably took reasonable safety precautions.)
Apart from that it is fscking utopia where everyone is friendly and nothing ever happens.
Still people in other suburbs thinks where I live is some sort of no-go war-zone.
Well, I don't mind, it keeps the rent down.
But when you go outside your house, you're in the Chicago suburbs.
Don't get me wrong. I'm a lifelong Chicagoan, currently living in Houston, but eager to go back. I love Chicago like a family member. But if you're going to live in the Chicago area, and brave the miserable winter, the miserable mayor, and the Chicago Bears, you at least ought to live closer to downtown, where accessibility to a decent Italian beef somewhat ameliorates the misery.
You are welcome on my lawn.
I grew up in the suburbs. What exactly I miss? I lived on the literal border of all the wilderness I could handle (lifelong avid hiker) and a 65c bus ride to downtown, grocery store 200m away, 15 minute walk to the movie theater and mall and a 20 minute bike ride to the amphitheater where I saw some big name bands. Also had a big yard with a huge vegetable garden.
I looked at buying a place in one of the western Chicago suburbs a few years ago and the high taxes really surprised me. They were around $6,000 to $7,000 per year, almost double what you'd pay in the city.
I've been renting my place on the south-side of Chicago for almost 10 years and pay $1,100 per month for a nice 3-bedroom place in a two-flat with a high ceiling, skylights and a third-floor addition. I've got a small backyard, a covered garage spot and plenty of street parking.
I thought I wanted my own place, but not after seeing what I'd have to pay for taxes or, God forbid, an HOA.
Racist against whom? Chicago has black suburbs and white suburbs. They're both suburbs.
Me, I like places that have sidewalks, but you'd probably say that makes me a racist, too.
You are welcome on my lawn.