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For 98% of Californians, "muh fifth largest economy" has actually been a profound net-negative. I'm amazed people who pay $3k/month to rent to one-bedroom apt s
by claydavisss 6y ago
For 98% of Californians, "muh fifth largest economy" has actually been a profound net-negative. I'm amazed people who pay $3k/month to rent to one-bedroom apt still trot this out as a brag point. "Fifth largest economy" has worked out well for the 1%, people who bought homes forever ago, and really no one else.
- throwaway201103 6y agoIf WFH really gains long term traction then the SV salaries are not going to hold up either. There are really smart people in eastern europe, south america, southeast asia, etc. who will work for a fraction of the salary that a locally-domicled worker would require.
- pb7 6y ago5th largest economy is the one employing all the people that are coming here in droves so not sure your argument holds up. No one would be coming here if the jobs were in Montana. $3K/mo is pennies when you're getting offers to move here to make half a million.