How Would $1 Million Work for You This Year?
Bloomberg reported that a Japanese firm called Today Co., which operates a popular online fashion shopping site Zozotown, posted new job offerings recently seeking up to seven “genius” tech experts. What is amazing is that they are willing to pay nearly $1 million or 100 million yen for each tech expert per year in the fields of artificial intelligence, cryptography and robotics, according to a blog post.
This story hits close to home as I live in the San Francisco Bay Area where tech workers are also in extremely high demand with the likes of Alphabet, Google, Apple, Facebook, etc. and countless startups continuously fighting for tech talent causing a similar escalation of income as well as real estate prices. Real estate prices in the bay area have gained value YOY for a record 70 straight months, according to real estate data firm CoreLogic.
It will be amazing to see how this race to acquire tech workers will play out over the next few years and what will be produced as well. What is clear is that all should be acquiring these skills and understanding in the tech field in these rapidly changing times and that you will be paid well. If you are not headed in this field of work, then it would seem smart to try and find good investments to capitalize on these trends from real estate to tech and back.
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