Quote:
Originally Posted by emathias
Anyone else read the Opinion piece in Crains entitled " Amazon's HQ2 Will Help Other Cities, Too"?
Anyone who did read it, feel like it was an argument that anyone who's actually good at their job should leave Chicago? That's how it came across to me. I'm not one who believes the local papers should be actively boosters for the City, but it might be nice if they didn't print things that are actively tearing the city down.
For those without a subscription and can't figure out how to get behind the paywall for free, here's the second paragraph:
The implication seems to be that Chicago is one of those second-tier cities and will only ever get second-tier jobs and pay second-tier wages. And if that be true, and you're a first-tier worker, why on Earth would you even consider staying in Chicago?
I don't disagree with the idea that wages will trickle down to other cities, but the timing and placement of this opinion piece seems to me to be meant to apply to Chicago. So my question is why would Crains do that? |
I read this article and that wasn’t my read—at all.
They are simply saying that the high cost of talent in coastal cities will inevitably lead to overflow employment in lower cost cities. Chicago will naturally benefit from this. I didn’t see this as a knock on Chicago’s talent.
Truth is, we have top Universities in our region, the biggest issue is that we don’t have as many top paying jobs to attract the best the the brightest as NY or SF do. If we did, they would come. But companies here just don’t seem to be willing to pay top dollar, at least that’s what I seem to be hearing.
Having the second most Fortune 1000 companies in the nation means there are abundant opportunities to become obscenely wealthy here, but via a traditional path of rising up the corporate ladder. You see a lot of old people with white hair with tons of wealth in our region. What you see less of is a 20 or 30 somethings worth tens of millions. That’s something you see more of on the coasts, and I think the younger generation finds that more appealing these days.