4 ms·
The low salaries are a double edged sword - the talent is cheap, but the kind of people who might start a company are unable to build up enough savings to take
by leoedin 2y ago
The low salaries are a double edged sword - the talent is cheap, but the kind of people who might start a company are unable to build up enough savings to take the leap. It's partly due to low salaries, and partly high housing costs.
It's crazy that politicians on all sides talk about growth, but then consistently do almost nothing to address the single largest thing that's sucking the life out of 20-30 year olds.
Saying that, it's clearly not the only cause as housing in SF and NY is also really expensive.
- Nextgrid 2y ago> then consistently do almost nothing to address the single largest thing that's sucking the life out of 20-30 year olds. They & their friends are literally profiting off it. Why would they kill their cash cow? High housing costs is great for them - not only do their real-estate (& adjacent) investments go up, but a middle class perpetually in debt or barely able to make ends meet means there’s an infinite supply of cheap labor that won’t complain about terrible working conditions.
- Aeolun 2y agoJust making housing cheaper would do so much for peoples ability to take the leap.