San Francisco split by Silicon Valley’s wealth – latimes.com

The housing activists are complaining that the tech workers are driving up rents and squeezing out “middle class families, small businesses, artists, and intellectuals.”  I guess the tech guys are not intellectuals.  According to Real Facts LLC, the average asking rent of a one bedroom in San Francisco is $2,797 (LA Times. Aug 14 2013, page A8).  According to Enrico Moretti in the New Geography of Jobs–every tech job produces 5 service jobs.  A lot of cities in the United States would like to have a successful tech sector like San Francisco.  It’s too much of a good thing.  You can read the entire article below.

San Francisco split by Silicon Valley’s wealth – latimes.com.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s