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Well, the jobs that pay the high incomes are in the very high-cost-of-living areas. This is a huge problem for economic growth. If housing costs in the Bay Are
by BurningFrog 4y ago
Well, the jobs that pay the high incomes are in the very high-cost-of-living areas.
This is a huge problem for economic growth. If housing costs in the Bay Area were at US average, easily 10M more people could live here and get high paying jobs. But that path to a better life is very constrained.
- HWR_14 4y agoAlternatively, those jobs are only high paying because the red are very people who can fill them solely because of housing and far less so about skill. If 10M people could move to the Bay Area tomorrow, those jobs would pay a lot less. Also why people insisting on teleworking as a permanent option haven't really thought it through.
- jimmydddd 4y agoBack in the day, many of my friends and I lived a cool city life before we had kids. After kids we couldn't afford the city any more, and moved out to the boondocks with daily 3-4 hour round trip commutes that included cars, trains and subways. I know the problem is worse now, but city life being more expensive has always been a thing.