3 ms·
You're not really addressing the point of the person you replied to. Increasing wages does not help if the housing supply is the underlying problem, since ever
by landryraccoon 9y ago
You're not really addressing the point of the person you replied to.
Increasing wages does not help if the housing supply is the underlying problem, since everyone is still bidding for a fixed resource. It just means everyone pays more rent. Wage increases in the bay area are always at least partially wealth transfers directly to landowners. Facebook can't solve that by paying more, the housing policy in the bay needs to change to allow more density.