4 ms·

sooo still inequality rising? or did wsj guy just skip over that one?

• nikdaheratik 13y ago
  Exactly, some clever, hardworking people also managed to win the Facebook lottery. Therefore the system works and there's no need to change anything… The worst thing about the wsj article was that it didn't even examine why the piñata people were annoyed. It's perfectly rational to be ticked off at the people who are making your rent go up 200%. Even though breaking bus windows and having whack a piñata parties doesn't seem like a very helpful solution to your problem. But since it's the WSJ, we got mindless liberal bashing instead.
  • azundo 13y ago
    It's interesting that so much blame is aimed at tech workers who are willing to pay more but none at landlords who are happy to increase rent based on demand. Certainly landlords are profiting quite nicely from the boom, being paid more rent for equivalent properties. If they wished, they are free to continue renting at the same rates as always, and in fact are the ones "making the rent go up", so I'm not sure how they're managing to escape similar criticism here.
• cratermoon 13y ago
  The author did, but the gist of the story is "government regulations bad, free enterprise good", and whatever amount of wealth Silicon Valley generates must be a Good Thing because it's Free Market wealth made by Makers, instead of government teat-sucking Takers.