One of the main reasons? Cost of labor:
“Sure, you have more talented people in the Bay Area, but you also have more companies vying for that talent, pushing the price of that labor sky high,” said Frank Addante, chief executive of Rubicon Project, a Santa Monica online advertising company with about 130 employees.
U.S. Bureau of Labor Statistics reports show a software engineer in Silicon Valley can earn up to $67 per hour, while in Los Angeles County, the max is $48.
Which makes you wonder–
- Why do tech shops still set up in the Bay Area? and
- Why don’t more developers move up North?
via Los Angeles Business Journal Online – business news and information for Los Angeles California.
