7 ms·
That's the thing - the livable wage is changing in San Francisco. SF is seeing a steep reduction in cost-of-living, yet these extremely high salaries won't dec
by alehul 6y ago
That's the thing - the livable wage is changing in San Francisco.
SF is seeing a steep reduction in cost-of-living, yet these extremely high salaries won't decrease accordingly.
Also, the herds of people moving out and companies shifting remote will mean lower revenue for the city, meaning these high salaries won't be fiscally sustainable.
- athms 6y agoThe city will take on debt load like Vallejo and Orange County. They will try to win concessions, but most likely the unions won't budge. Worst case, SF files for Chapter 9 bankruptcy.