3 ms·

What does the SV crowd have to do with it? A lot of people seem to assume tech is to blame but I don't see why.

• 26fingies 3y ago
  Wealth inequality
• asielen 3y ago
  Individual tech employees are not to blame. Or even perhaps the companies themselves, they are all working in their self-interest as every company and individual is. The issue with tech is the massive salaries that tech employees get compared to basically everything else. AND as equally an issue is the refusal of the area to build housing and services to support an influx of people (and an expanded tax base). People with lots of money tend to out bid people with less money which leads to neighborhoods changing, this wouldn't be as big of an issue if they just built more housing in the first place. The Bay Area was handed an opportunity to greatly expand and invest from a large wealthy tax base and instead they did who knows what with that opportunity.