San Francisco Chronicle’s Post

Better to like markets that are not hot. "The Sunbelt city that came to symbolize the pandemic housing boom is now leading a national property cool-down. Home prices and apartment rents in Austin, Texas, have fallen more than anywhere else in the country, after a period of overbuilding and a slowdown in job and population growth. That marks a sharp reversal from previous years when Austin’s real-estate market was sizzling. The city attracted waves of remote workers on six-figure tech salaries. Others arrived after companies such as Tesla and Oracle moved offices there, taking advantage of lower taxes and less business regulation. Austin’s economy grew at nearly double the national rate, and it became the country’s 10th-largest city. Now, it is contending with a glut of luxury apartment buildings. Landlords are offering weeks of free rent and other concessions to fill empty units. More single-family homes are selling at a loss. Empty office space is also piling up downtown, and hundreds of Google employees who were meant to occupy an entire 35-story office tower built almost two years ago still have no move-in date. "

The tech industry is facing a paradox of progress. While we continue to push the boundaries of what's possible with technology, the workforce behind this innovation seems to be facing a decline. As tech hiring cools off and layoffs become more common, the Austin housing market is leading national declines in home values. This situation raises a critical question about the long-term sustainability of our industry's workforce dynamics. While companies may find short-term satisfaction in an abundance of willing talent, the true potential of our industry's best and brightest cannot be fully leveraged at such deep discounts. This trend not only places our workforce at a competitive disadvantage but also risks the long-term vibrancy and innovation of the tech industry. Interestingly, AI-related job listings are on the rise, standing in stark contrast to the overall decline in tech job postings. This divergence signals a shift in the skills and roles that will define the future of our industry. As we continue to push the boundaries of what's possible with technology, we must also rethink how we value and invest in the people who make it all happen. The future of tech is not just in the algorithms and data; it's in the hands of those who code, create, and innovate. Let's ensure that as we advance technologically, we don't leave our workforce behind. #TechIndustry #WorkforceTrends #Innovation #CareerTransition #HiringPractices

98125 Seattle, WA The first zip code welcoming me to the Emerald City. In my early years here, I immersed myself in Seattle's diverse neighborhoods—not just visiting but truly living in them: Lake City, Queen Anne, Alki Beach, Ballard, Fremont, and Magnolia. Despite the trials of moving furniture up and down stairwells and navigating moving trucks, I was determined to forge a deep connection with this city. Understanding the pulse of Seattle became paramount for me, especially in my role assisting local professionals as they navigate career decisions crucial to their and their families' futures. I made it my mission to empathize with their concerns about commute times, parking woes, neighborhoods, childcare options, pet-friendly spaces, school districts, and local markets. I recognize how these factors shape one's readiness for new opportunities. Setting #thejulegroup apart is our expertise in the Greater Seattle market. We're deeply rooted here, comprehending the unique hiring challenges companies face in this area. In addition, we have a profound understanding of how to engage with your prospective employees because we know what's most important to them. If your organization needs a more effective hiring strategy to compete for Puget Sound talent, let's chat. 💻📞 ✉️ At The Jule Group, we don't just hire. We build better workplaces. Learn more ➡️www.thejulegroup.com hello@thejulegroup.com @thejulegroup #seattlejobs #recruiterjobs #hiringstrategy #thejulegroup

Happy Friday everyone! I am so so, honestly, so so so so sooooo happy to write something optimistic today. Let's talk about workforce housing, and how we can work and think collaboratively and creatively to land on some new solutions to this very challenging problem of how to house our workforce; how to tackle the problem of little 'a' affordable housing (housing that is 'a'ffordable to those who need it, where they need it) for those who are both too rich, and too poor for all of the other solutions that are tried and true. To address and discuss this important topic, I worked on an article with Bisnow.com in collaboration with Studio B, where we discuss (just) two forms of financing that states like Massachusetts (and beyond!) can use to help mitigate this shortage and spur material, significant, workforce housing development. These concepts are not simple (well, I'd argue that c. 59, s. 5O actually is quite simple and replicable), but they are possible, and they have been stress tested. There is a way forward here if the municipalities that need to house workers want to come to the table to work collaboratively with the developers who know how to build in this IN BETWEEN space. I was talking to the head of economic development for a metro-west city yesterday, and he told me that he has been calling up the largest employers in his city lately and asking them simply "how can we help?". This article provides two ideas for how. We can only control so much, so let's do this. Together.   https://lnkd.in/e_k5XXhK

Gifted article so you can read how horrendous "innovate at all costs" is when it comes to our most vulnerable. There's a word for it: technochauvinism (Meredith Broussard, Artificial Unintelligence). Tech can't solve every problem. It makes some worse. "Brookdale Senior Living, the leading operator of senior homes with 652 facilities, acquired the algorithm-based system and used it to set staffing at its properties across the nation. But as Brookdale’s empire grew, employees complained the system, known as “Service Alignment,” failed to capture the nuances of caring for vulnerable seniors, documents and interviews show." https://wapo.st/4cM4XWF #tech #computing #technochauvinism #AssistedLiving #care #identity #ElderCare #seniors

Is San Francisco's economy on the brink? Our recent blog discusses the economic challenges San Francisco faces in 2024, like tech job cuts and store closures downtown. But experts say the city is holding steady, with a 3.5% unemployment rate in December. Check out the post for insights on San Francisco's recovery journey. #SanFrancisco #Economy #TechJobs #JobMarket #EconomicRecovery https://lnkd.in/dQ-mh-Vk

🌟 Our community is brimming with potential, and it’s time we unlock it together. By supporting workforce development initiatives, we can create a brighter future for everyone. These programs are designed to empower our residents, attract new businesses, and provide jobs for our neighbors. When we invest in workforce development, we’re not just training individuals; we’re building a skilled, resilient, and adaptable workforce that businesses are eager to hire. Imagine a Cobb County where companies are drawn to our talented pool of workers, setting up shop, and driving economic growth. This means more job opportunities, better wages, and a thriving local economy. 🚀 By supporting workforce development initiatives, we’re creating a win-win situation for our community. Our residents gain valuable skills and career opportunities, while our local businesses benefit from a competent and competitive workforce. This makes Cobb County a magnet for new investments. 🧲 Let’s work together to make Cobb County a hub of innovation and prosperity. Join me in championing workforce development initiatives that empower our community, attract new businesses, and provide jobs for our neighbors. 💚 Together, we can build a stronger, more resilient future for all!

Businesses are experiencing a resurgence in on-site operations, underscoring the heightened importance of housing. In 2023, 46% of companies reverted to on-site work, with merely 5% remaining fully remote, according to Forbes. This trend is anticipated to persist, with CEOs recognizing that remote work inhibits team collaboration and culture. A notable study by economists at Harvard and the Federal Reserve Bank of New York highlights the long-term benefits of proximity to co-workers for software engineers. You can delve into the study here: https://lnkd.in/gKMCScX9. Consequently, companies such as Amazon, Meta, and Salesforce have begun transitioning to an on-site model. By January 2024, remote work in San Francisco had decreased by 25%, heralding a revival of the city. According to @Redfin, the exodus from the Bay Area is slowing down, with the number of homebuyers departing the region halving in Q4 2023 compared to September 2021. According to the U.S. Census Bureau estimates, San Francisco County's population growth turned positive in the year ending July 2023, ahead of other Bay Area counties. In the Bay Area, just San Francisco and Solano experienced population growth from July 2022 to 2023, with all others shrinking. Population growth is bound to happen in the area - due to its significant economic potential. The Bay Area's economy has been one of the nation's best performers since 2001, with over 75% per capita growth in Gross Regional Product, outperforming the nation's energy, political, and financial hubs (Houston, Washington D.C., and New York, respectively) by a wide margin. The trend has remained consistent throughout - even post-pandemic. The San Francisco Bay Area led the country in economic growth in 2022, with a 4.8% increase in GDP, according to a Kenan Institute of Private Enterprise report. As normalcy gradually returns, the demand for urban housing is poised to surge. This presents an opportune moment to invest in the development of workforce housing. At Riaz Capital, we are committed to providing high-quality, affordable housing for California's urban workforce. #multifamily #urbanhousing #realestate

I found the 3 biggest reasons why people in the US are relocating to different states. 👉 Local Laws and Politics: A Redfin survey highlighted a significant trend People moved to states where the laws and political climate align more closely with their personal beliefs. Texas, for example, has seen both an influx and outflow of residents, influenced by the state's tax policies and state laws. 👉Housing Affordability: There's a reason why people are moving out of New York and going to Orlando. From San Francisco to living in Austin. It's because of cheaper house prices. People want to own a home and still have money left over to live.... rightfully so! 👉And next was – being close to Family and jobs. That one pretty much speaks for itself. If you've ever relocated for these or other reasons, let me know why in the comments 👇

Here's a #ThrowbackThursday  From Humble Beginnings...Come Great Things!  So many changes...bigger team, new office buildings, serving new communities like Infinity Staffing Solutions Colorado & Infinity Staffing Solutions LLC Alabama AND a BIG ONE...as you can notice in the picture!  We now have ONLINE Applications You too can start applying at www.staffindy.com #humblebeginnings #staffindy #employment #growthmindset