>The other thing that confuses me is why companies aren’t moving either
Company isn't a person. It can't think for itself.
Here are the reasons company choose to not move:
1. The powerful executives are often the people who existed since beginning. They've had invested their compensation in the city where the company's headquarter is and now they are permanently part of the city's influencial people with ties in government, law and more.
So you want them to leave and become no one in some new city?
Their old connections and knowledge of the city will become worthless - they made all those connections and acquired that knowledge when they were young and now those executives might be in 40s or 50s and might not have same drive to earn all of that back
They profit from rents, they profit from sale of property in the their city. They profit in lots of ways.
When you acquire new talent, you recognize majority of the compensation goes towards "rent" and that rent end ups in the pocket of successful city dwellers (aka executives at the said company)
When decision makers in the company benefit from this. You can't build a rival company with lower costs unless you can somehow make it run without these executives.
2. Employees will not move that easily because in big cities employment market is efficient, switching to another company is easy and most new players will he dying to snatch those freshly laid off employees.
Some recent links and models and code, updated early 2020 Q1
https://github.com/iperov/DeepFaceLab ("More than 95% of deepfake videos are created with DeepFaceLab. DeepFaceLab is used by such popular youtube channels as Ctrl Shift Face, Sham00k, Collider videos, VFXChris Ume")
Company isn't a person. It can't think for itself.
Here are the reasons company choose to not move:
1. The powerful executives are often the people who existed since beginning. They've had invested their compensation in the city where the company's headquarter is and now they are permanently part of the city's influencial people with ties in government, law and more.
So you want them to leave and become no one in some new city?
Their old connections and knowledge of the city will become worthless - they made all those connections and acquired that knowledge when they were young and now those executives might be in 40s or 50s and might not have same drive to earn all of that back
They profit from rents, they profit from sale of property in the their city. They profit in lots of ways.
When you acquire new talent, you recognize majority of the compensation goes towards "rent" and that rent end ups in the pocket of successful city dwellers (aka executives at the said company)
When decision makers in the company benefit from this. You can't build a rival company with lower costs unless you can somehow make it run without these executives.
2. Employees will not move that easily because in big cities employment market is efficient, switching to another company is easy and most new players will he dying to snatch those freshly laid off employees.