Should the people who work in SF be able to live there?
One way to tackle the problem of wealth distribution is a UBI. Because it effectively just acts as an extra tax on the wealthy and a stimulus for the working class. It effectively rebalances the economy over time. It also helps people get better jobs, job training, and supports creative workers. Of course not everyone can get the “good jobs” but this makes the labor market more competitive so even the “bad jobs” will need to treat workers better to keep them.
I mean yeah, they’ll have to. But they’ll have to be paid enough to live there. If you’re paying a janitor $80k because that’s what he needs to vac to floors and empty the bins, companies might start asking “what the fuck are we putting our businesses in SF for?”
Remote work is another good equaliser there, but comes with the downside of remote workers also being available overseas and a lot cheaper.
Should the people who work in SF be able to live there?
One way to tackle the problem of wealth distribution is a UBI. Because it effectively just acts as an extra tax on the wealthy and a stimulus for the working class. It effectively rebalances the economy over time. It also helps people get better jobs, job training, and supports creative workers. Of course not everyone can get the “good jobs” but this makes the labor market more competitive so even the “bad jobs” will need to treat workers better to keep them.
I mean yeah, they’ll have to. But they’ll have to be paid enough to live there. If you’re paying a janitor $80k because that’s what he needs to vac to floors and empty the bins, companies might start asking “what the fuck are we putting our businesses in SF for?”
Remote work is another good equaliser there, but comes with the downside of remote workers also being available overseas and a lot cheaper.