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My town in the Bay Area has always been considered one of the more "affordable" options (which is why we live here). The estimated cost of living to do more tha
by rzazueta 4y ago
My town in the Bay Area has always been considered one of the more "affordable" options (which is why we live here). The estimated cost of living to do more than just survive here is roughly estimated to be about $96,000/yr. That factors in rent / mortgage, food, transportation, etc.
So who are really the one's doing the poor estimating? The new college grads staring down the barrel of a career that will allow them to just skate by after paying the cost of living on top of their loans, or the companies making record profits but exploiting new college grads by paying less than a thriving wage?
"Pay your dues" is the cry of the exploiters who profit more from your labor than you do.
- conro1108 4y agoBut "relatively affordable in the Bay Area" is still relatively very expensive nationally no? Maybe the gap is just that the people surveyed overestimated their likelihood of working in a HCOL place (or the sample and/or population in question is legitimately biased toward that)
- nradov 4y agoI can't imagine why new college graduates would want to torture themselves by moving to the Bay Area. It might have made sense 20 years ago, but now there are better options for the vast majority of people. We can complain about the causes including lack of housing development, zoning laws, infrastructure, progressive politics, whatever. There are some important public policy issues that we ought to resolve. But the reality is that no matter what we do, the Bay Area is going to remain a shitty place to live for most new graduates. Unless you can earn very high pay, or have reliable access to cheap housing, my advice is to move somewhere else where you have a better chance to get ahead. Don't set yourself up for failure.