“WHILE THERE IS A NARRATIVE THAT THE RICH ARE FLEEING CALIFORNIA, THE REAL FLIGHT IS AMONG THE MIDDLE-CLASS.”
Found via BattleSwarm Blog, which has a “Texas vs. California Update” that’s well worth reading the whole thing. Note this:
I had a guy working for me (in the Bay Area) making $200,000 a year, struggling to pay his bills,” company CEO Triant said. “In lots of places in the country you’re living high on the hog on $200,000. … As far as work life balance and employee morale, we have absolutely seen a remarkable increase since moving here; it’s night and day.”
The firm still keeps a small Bay Area office, and Triant speaks fondly of his hometown of San Diego and California in general.
But when it comes to building a company and running a business, he has found a new home in Texas. “I want my employees to be able to have a good quality of life, live in a city with low crime rates, good schools,” he said. “And that’s what we’re doing here.”
Go southwest, young struggling Yelp worker!