Bay Area cities have the most “unattached” workers in the nation. (Associated Press)
The easiest place to leave in the U.S. right now may be Silicon Valley. According to a new study by Apartment List, the Bay Area’s exodus could continue for some Time. The listing site estimates that about 13 percent of Bay Area workers are “unattached – able to work remotely, rent an apartment, and have no children or spouse in a job that they have to be physically present in,” compared to a national average of 5.6 percent.
The study suggests that the COVID-19 (Chinese Communist Virus) Epidemic may be accelerating the migration of people out of the Bay Area, but the question is, will this trend continue?
“So far the Bay Area has been a concentration of such people,” said housing economist Chris Salviati. The study sought to assess which areas might be most vulnerable to out-migration after the epidemic restrictions were eased.
Today, San Jose has the highest percentage of remote workers (46 percent) of any major U.S. city. Remote jobs most often include software developers, engineers and managers. Those in the first responder, teacher, retail and service worker job categories are inseparable from the location and region where they work. And the median income for Silicon Valley households in the region that can work remotely is $118,000, compared to $45,000 for those who cannot work from Home. According to the survey, this is the widest disparity nationwide.
The Bay Area lost residents during the epidemic, and local area political and business leaders have been working on future growth plans to deal with the consequences of continuing to accept remote work for professionals who will move to cheaper cities to have a better quality of Life.
A survey by moving company Hire a Helper found that California was the biggest “loser” in terms of the percentage of residents moving after the outbreak, with about 50 percent more residents moving out of the state than moving in. New York State came in second. The 10 cities with the highest ratio of out-migrants to in-migrants were Yalen, San Francisco and San Jose.
Large Bay Area companies and technology firms are ramping up plans for structuring work after the outbreak, with many expected to permanently adopt hybrid or fully remote models for certain jobs. salesforce announced in February that employees will have the option to continue working remotely after the outbreak restrictions are lifted. Google is also considering the feasibility of adopting a hybrid work model, despite their concerns that it would erode office Culture.
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