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> AB 71 would raise $300 million a year for affordable housing, call your CA Assemblymember. This is just an indirect subsidy of Facebook, Google, etc. By prov
by wang_li 9y ago
> AB 71 would raise $300 million a year for affordable housing, call your CA Assemblymember.
This is just an indirect subsidy of Facebook, Google, etc. By providing low income housing and food assistance to low income workers in high cost of living cities, it simply allows the well to do companies to continue not paying a living wage that corresponds to the situation that they've created by concentrating their businesses in the same area.
- kevinburke 9y agoBelieve it or not, not everyone who is poor in the Bay Area works at a tech company.
- wang_li 9y agoBut the large salaries that they pay their employees pushes up the cost of living. Those employees then patronize businesses in the area. If those businesses are not traditionally high wage occupations, government aid is simply providing the high income earners the opportunity to pay the same price for a deli sandwich or an oil change as someone from Fremont. The more free market expectation would be that those low wage employees would be pushed out of the area and the businesses go under, or the businesses raise prices and pay their employees more.
- jtmcmc 9y agoit's actually subsidizing a portion of residents desire to not densify their various cities
- afarrell 9y agoIn the same sense that funding the NHS is an indirect subsidy of Barclays, Rolls-Royce, BAE, Dyson, and Skyscanner. By providing free healthcare to folks living in Britain, it simply allows those well to do companies to continue not providing comprehensive health insurance to their employees. Any political body that tries to foster the growth of high-paying jobs in an area should also put in place policies so that there is at least 1 bed for every desk. More if they want to allow children, retirees, and manual laborers to live there.