I'm guessing this offer is going to be extremely popular. The second you leave the bay area, it's like getting a million dollar signing bonus for a place to live.
I'm a little surprised more workers aren't leaving SF and the bay area peninsula. Even if you take 50% pay cut, your still getting paid a lot more, relative to you cost of living. I'm guessing the reason is: us engineers have a hard time understanding and thinking about compensation in terms of living costs, hence only the absolute $ value of a salary is taken into account.
Also, I think a lot of people don't want to move away from friends and family.
I'm a little surprised more workers aren't leaving SF and the bay area peninsula. Even if you take 50% pay cut, your still getting paid a lot more, relative to you cost of living. I'm guessing the reason is: us engineers have a hard time understanding and thinking about compensation in terms of living costs, hence only the absolute $ value of a salary is taken into account.
Also, I think a lot of people don't want to move away from friends and family.