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I don't think that's OP's point, the article should talk more about the reason why the housing is so expensive, not just say "because of silicon valley." I woul
by Prometheus1981 9y ago
I don't think that's OP's point, the article should talk more about the reason why the housing is so expensive, not just say "because of silicon valley." I would like to know what the problem is as well, as I was under the impression that salaries where connected to the cost of living (i.e. If someone needs a security guard, they should pay comparable to the cost of living in the area their employees would live.)
- mywittyname 9y ago> I don't think that's OP's point, the article should talk more about the reason why the housing is so expensive, not just say "because of silicon valley." I don't think so; > I wish the article focused more on the reasons people choose to stay in a place with a ridiculous cost of living that they can't afford. Perhaps that's open to interpretation, but I took it to mean, why are staying if they can't afford to?
- khedoros1 9y agoFor home prices: Tech companies pay high wages, and can afford to follow cost-of-living increases (and have to, because demand for tech employees in SV is higher than the supply). Home prices go up because NIMBYism won't allow housing supply to increase along with demand. If someone needs a security guard, they'll pay the least that gets them someone competent to do the work. For the employer, the question isn't directly connected to the standard of living, it's "can I get a body in the door for this rate of pay?" I'd suspect the pay won't go up, as long as the answer's "yes".