This is great, glad to see reddit leading on this front. I do wonder what effect this would have on metro areas with high COL if more companies adopted this policy. Mass exodus? Probably not. But I imagine the effect will at least be measurable.
Outside of those, almost every community is eager to bring in high paying jobs.
That's pretty different from new high paying jobs becoming available to the local job market.
For one thing it means local engineering talent doesn't have to move away to have a career.
It has increased some costs, but nothing like Bay Area peninsula for example. You just don’t get the critical mass and no building like that in SD or any other place I’ve seen, save for Manhattan.