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codingmess | 6 years ago

We are in a thread about the claim that "As long as annual compensation doesn't let you own a house outright in 5 years in the same area as your place of work, then there is more work to do."

That is what I was referring to.

I think companies are already trying to alleviate the housing issues. But their influence is not as high as you think. Google buses were attacked by locals, for example - they would have enable Google employees to live farther away, alleviating pressure on prices in the immediate neighborhood.

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Apocryphon|6 years ago

Corporate buses are helpful to their workforce (and at this point normalized to the extent that such backlash is far less common) but are also just a bandaid that can lead to extreme commutes [0]. Ultimately, the faults of development in the Bay Area, Seattle, and other high-growth/high-CoL areas are mainly on local governments and residents, but large employers share part of the responsibility because their presence is what drives up the desirability of a region in the first place, as well as prices.

Yes, you can't ask Google to solve everything themselves (even if their PR likes to paint them as being in the business of doing that), but they could at least explore more policies like opening larger offices in regions with more housing, embracing more remote work, working more closely with local communities, etc. You'd think megacorps with the resources and supposed strategic foresight that FAANGM possess would be more proactive about addressing an issue that impacts their workforce. Is it no wonder then that their workers will seek desperate measures like unionizing?

[0] https://news.ycombinator.com/item?id=22362271

codingmess|6 years ago

If they would open offices elsewhere, they would drive prices up there, too. In fact here in Berlin they cancelled their plans after protests by the locals.