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This is inflation adjust silliness. High paying jobs across the board saw less wage growth --- we've had a massive decline in income inequality these past few y
by Ericson2314 3y ago
This is inflation adjust silliness. High paying jobs across the board saw less wage growth --- we've had a massive decline in income inequality these past few years.
National inflation is also just not that useful. See https://www.employamerica.org/researchreports/real-wages-and-aggregation/ https://www.employamerica.org/researchreports/real-wages-and... for why (classic dividing aggregates issues). If we want to look at a "Bay Area price consumer price index", clearly housing dominates. The recently passed YIMBY laws are very promising in this regard.
If housing prices continue to level off, and even come done, Bay Area tech worker purchasing power will go up a lot further than the methods in this document would indicate.
- deleted 3y ago[deleted]