Novel Coronavirus has prompted a number of Silicon Valley technology companies to announce that they are moving their headquarters to Texas instead of Silicon Valley. Not only are tech leaders planning to do so, but even ordinary Chinese engineers are starting to move out in groups, mainly because the high housing prices, high prices, high living pressure and poor urban governance in Silicon Valley make them want to leave.
In addition to tesla, the recent high-profile departures of tech companies from Hewlett Packard Enterprise to Oracle have prompted many Chinese families to follow suit. Has a doctorate from the university of Texas tech engineer Liang Yuji said, since after graduation to work the bay area, is nearly a decade, this decade bay area changes greatly, house prices doubled, is also much soaring prices, although they have to buy a house, but if you really want to in house still has huge capital pressure, because want to change the location of the house of soaring house prices rise, even more than the house of his own gain.
Since the outbreak this year, he said, tech companies have asked employees to work from home, and he and many of his friends have begun to reflect on life in the Bay Area over the past few years, feeling “worse every day.” In particular, the year of the epidemic has become more and more serious. California’s government has been incompetent in governance, but it has increased the tax burden of taxpayers under various names. The chaotic operation of public schools, the increasing number of homeless people, the serious theft of security, and the increase of crime caused by the impunity of misdemeanors have all made him and his friends feel very dissatisfied, like living in the third world in 2020.
Many tech companies have moved to Texas, says Mr. Leung, who has lived in the state for five or six years and has decided to follow in their footsteps, is gradually cleaning up assets in the Bay Area and is beginning to realize his dream of returning to Texas.
After a decade in the Bay Area, Huang Jingjing, a finance and accounting professional in the technology industry, also decided to move. Mr. Huang said he has formally applied to a accounting firm in Oregon and expects to report to the new firm in early 2021, while the Bay Area homes will be rented out directly to sell at a better time.
Jiing for huang said, as an accountant, he can understand more in the bay area of hard life, his salary cannot be compared with the engineer, but have to compete with technology of well-paid people are high prices, high prices, high taxes also weighed him breath, Oregon state exempt from consumption tax, coupled with low prices, good school district, life pressure is half of the bay area, but the salary is like bay area, by contrast can obtain better quality of life.
Zhu Xueren, a Taiwanese-born technology engineer, has also recently been exploring job opportunities in Austin, Texas. Although wages in Texas are about an eight percent discount to the Bay Area, he says, Texas has less state income tax, half the housing price and excellent school districts that would have twice the quality of life.
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