Even with six-figure revenue, tech staff in Silicon Valley nonetheless really feel poor. I didn’t grow to be a software program engineer to be making an attempt to make ends meet,” mentioned a Twitter worker in his early 40s who earns a base wage of $160,000. It’s, he added, a “fairly dangerous” revenue 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 during the last 5 years. Town’s rents, by one measure, at the moment are the very best on the earth. The prohibitive prices have displaced academics, metropolis staff, 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 shouldn’t be understanding right here’

“We make over $1m between us, however we will’t afford a home,” mentioned a lady in her 50s who works in digital advertising and marketing for a serious telecoms company, whereas her companion works as an engineer at a digital media firm. “That is a part of the place the American dream shouldn’t be understanding right here.” (theguardian.com)