Even with six-figure earnings, tech employees in Silicon Valley nonetheless really feel poor. I didn’t develop into a software program engineer to be attempting to make ends meet,” stated a Twitter worker in his early 40s who earns a base wage of $160,000. It’s, he added, a “fairly unhealthy” earnings for elevating a household within the Bay Space. The Guardian reported: “Silicon Valley’s newest tech increase, mixed with a housing scarcity, has triggered rents to soar over the past 5 years. Town’s rents, by one measure, are actually the best on the earth. The prohibitive prices have displaced lecturers, metropolis employees, firefighters and different members of the center class, to not point out low-income residents. Now techies, lots of whom are among the many highest 1% of earners, are complaining that they, too, are being priced out.”
‘The American dream will not be understanding right here’
“We make over $1m between us, however we will’t afford a home,” stated a girl in her 50s who works in digital advertising for a significant telecoms company, whereas her associate works as an engineer at a digital media firm. “That is a part of the place the American dream will not be understanding right here.” (theguardian.com)