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by slivym
2784 days ago
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The reason it doesn't make sense to me is that there are clearly engineers in the UK who are as talented as the average engineer in silicon valley and are unwilling to move to the other side of the world. There are also many many many companies in the US that have offices in the UK. Given that UK engineers appear to earn no where near their US equivalent I would have thought there would be a strong incentive to hire more in the UK and therefore drive up wages rather than continually pump money back in silicon valley. |
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But, this doesn't have to make sense for it to be true. It's simple supply and demand economics. There is a greater demand for top-tier talent in the SF Bay Area because most of the technical leadership is there and they want their best engineers working closely with them. It's not hard to understand.
I read once that the single most significant indicator of where a large company will locate its headquarters is the CEO's home address. It doesn't take a rocket scientist to know that if the CEO lives in the bay area, so will his top leadership, and so will their top employees.