View Single Post
Old Posted Nov 17, 2019, 1:39 AM
homebucket homebucket is online now
Registered User
Join Date: Jan 2012
Location: The Bay
Posts: 1,474
Originally Posted by JAYNYC View Post
Your overt malevolence towards Texas is so obviously linked to its massive gains on California across every meaningful category it's beyond laughable.

We get it - you despise any state stealing the Golden State's once glorified shine and appeal, but the reality is Texas is booming (and has been for some time now) for myriad reasons whether you choose to accept it or continue to live in denial.
Not sure riding the coattails of California's success is worthy of patting yourself on the back so vigorously. Much of Texas's growth is the direct result of over saturation of companies that were born and bred in California. California is still the innovation capital of the world, and will continue to be so for the foreseeable future, period. A few glorified back offices in Texas doesn't change that.

We get it - you love Texas. But let's see a Texas startup reach even a tenth of the success as Facebook, Google, Apple before you smugly reach for your back again.


San Francisco Has Second-Highest Tech Jobs Growth

Lisa Brown
November 13, 2019

SAN FRANCISCO—A new CBRE report ranks San Francisco the fastest-growing tech market with overall rent growth of 17.5% between second quarters 2017 and 2019.
San Francisco also had the second highest high-tech employment growth rate (behind only Vancouver) with 24.7% during 2017 and 2018, accounting for 84.7% of all new office jobs. Since the current expansion started in 2010, the tech industry in San Francisco has more than quadrupled in size to 100,644 tech jobs as of year-end 2018. This growth has fueled the absorption of 15 million square feet of office space, which reduced the vacancy rate to 3.6% and caused rents to spike by 180% to $86 per square foot annually, the highest in North America.

Access to the largest and most innovative tech talent labor pool in North America has kept real estate demand high in San Francisco,” said Darin Bosch, senior managing director at CBRE. “Tech companies are thriving here even with the competitive labor and real estate markets driving operational costs higher. They see San Francisco as a natural lab and testing ground for new technologies.”
California, SF unemployment rates fall to record lows
Roland Li
Oct.18, 2019

The unemployment rate in both California and San Francisco fell to a record low in September, the state announced Friday.

The state added 21,300 jobs in September and had an unemployment rate of 4%, down from 4.1% in September 2018. California — the fifth-largest economy in the world if it were a country — now is in the midst of its longest record jobs expansion, 115 months, surpassing the economic boom of the 1960s, according to the Employment Development Department.

San Francisco’s unemployment rate fell last month to a minuscule 1.8% from 2.1% from the prior September, the lowest number the city has ever recorded.

Despite fears of a recession amid an ongoing U.S.-China trade war and the stumbles of high-profile tech companies like Uber, there are no major signs that the local economy is cooling, said Christopher Thornberg, founder of Beacon Economics in Los Angeles.

“Tales of this expansion’s demise are highly exaggerated. We don’t see any end to it,” Thornberg said.
Reply With Quote