Quote From February 2020 Newsletter Unfortunately Comes True
In case you weren’t aware I have been writing and publishing a newsletter, Corporate Office Perspectives, for the past 43 years and it goes out to tens of thousands of subscribers every other month. If you would like a free subscription just go to www.officetimes.com to sign up. In my February 2020 was the following ‘It is now open season on California companies as Texas, Nevada, Arizona and other much less expensive states take aim at our increasingly vulnerable businesses, whether it is the San Francisco’s high cost of housing, our over-the-top state income and property taxes, our extremely low unemployment, our crazy-high starting salaries, not to mention the worsening traffic congestion and impact of homeless problems. We’ve seen Charles Schwab, McKesson and other headquarters pack up and leave California for greener pastures. In Texas, the governor and economic development directors are dangling relocation incentives to accelerate these moves. As if the thought of $300,0000 nice homes for your employees isn’t enough incentive!’…and then I said “What is my opinion on all this? If you want the cost of housing in the Bay Area to go down, traffic congestion to ease, and office rents to plummet, just relocate 500,000 tech jobs out of here to elsewhere.” And unfortunately, this is now coming to pass!
