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The tech sector is this nice bubble where we've seen lots of economic prosperity. If you look at the statistics you'll see that's not the case for a large swath
by vvanders 10y ago
The tech sector is this nice bubble where we've seen lots of economic prosperity. If you look at the statistics you'll see that's not the case for a large swath of America.
- aetherson 10y agoTop 1% of income for a 30 year old (in the USA, in 2016) is, per this calculator, $188,000. https://dqydj.com/income-percentile-by-age-calculator/ https://dqydj.com/income-percentile-by-age-calculator/ In overwhelmingly most parts of the country, that's plenty of money to own a house and support a family.
- AbrahamParangi 10y agoThe people earning that much are (very) disproportionately distributed in those areas which are also the least affordable.
- dsfyu404ed 10y agoThat's what the market in those locations will bear. Rich people, high prices. It's no different than a tourism economy.
- was_boring 10y agoGeneration isn't the same as age. Being 30 means I'm part of the "millennial" generation which only takes $106,500 to be in the top 1%.