New trade group research reviewed by Axios shows that 3 out of 4 tech workers will relocate for a job, suggesting most tech employees will work from anywhere.
Now, as workers gear up to chase lower costs of living, companies will have to decide whether or not to follow.
Workers are ready to leave
When picking a place to live, 82% of tech workers prioritize cost of living more than any other factor (weather, commute times, and affordable housing follow closely behind).
[Notably, women seem to be more particular about location than men: 55% of women consider job location very important, while only 43% of men feel the same way].
So now, the ball’s in the employer’s court
While tech talent is more footloose than ever, many of the people in positions to start new companies cut their teeth in tech hubs like San Francisco, where most opportunities have historically existed.
As these tech veterans start new companies, many will do so outside of expensive hubs like Silicon Valley… because they know people are more willing than ever to follow them anywhere, particularly to places where the rent’s cheap and the weather’s balmy.