Silicon Valley employees living in motorhomes

Dear Richard, The blow article in a Swiss tabloid could be an interesting topic in one of your talks. It is about Silicon Valley employees living in motorhomes or even their cars instead of an apartment since they cannot affor the apartment from their salary and the apartment prices have skyrocketed. The article hints at multiple issues from gap between rich and poor, top executive salaries, gentrification, gig-economy, the new "middle" class with a middle class income not being enough to afford an apartment. Although it's a tabloid article it might still be worth looking into the topic. When even the not-yet outsourced tech jobs don't pay enough and young people with degrees compete for them. To me this sounds like working nomads and looks more and more like in the 19th century (Germinale, Les Miserable)

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  • Stephane Rindbein
    published this page in Ask Prof. Wolff 2017-11-15 15:40:53 -0500