alt Hacker NewsAre there jobs in those cities who sit in an area named after their economic collapse?
Do student loan costs go down if you move to a low cost of living area?
We had some movement in the direction of people immigrating to low cost areas like that with the rise of remote work, but then execs decided they didn’t like not having control over their workers live and did RTO. To their offices in the cities with high rent and home prices.
You never heard about people taking that “great deal” because it’s not a great deal. Like really, you think there’s money left on the table like that and there’s not at least some low double digit percentage of the population that would have sought out the benefit? Or is it more likely the market evaluated the option and it’s not good
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Exactly. Do people want to live in desirable areas? Absolutely. The much bigger draw to expensive metros, however, are the vastly more robust job prospects that come with those areas.
In a city, you have both much better chances of finding employment suited to your skills specifically, better chances of being paid well for it, and better chances of upwards mobility. Plus, should it become necessary you're more likely to be able to find something to keep the bills paid with even if it's not what you'd like to be doing.
Low CoL areas by contrast come with scant employment that's generally poorly compensated and almost always has a low ceiling.
In some cases one can commute into the city for work and live in LCoL area, but then you're burning time — multiple hours each day, usually — that you'll never get back on your employer instead of yourself or with your family, plus the myriad expenses that come with driving that far and often.
It's very rich when people who are likely 15-20+ years in their career in San Franscisco are telling the modern youth to just "move to Alabama". As if they can just find a cushy tech job in a market that is using RTO's to force layoffs.
People this detached really need to spend a few days on linkedIn applying to jobs. Not with their connection, but through those horrible workday portals and thousands of apps turned in after an hour of the post.