Even with six-figure earnings, tech employees in Silicon Valley nonetheless really feel poor. I didn’t turn 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 dangerous” earnings for elevating a household within the Bay Space. The Guardian reported: “Silicon Valley’s newest tech increase, mixed with a housing scarcity, has brought on rents to soar during the last 5 years. The town’s rents, by one measure, are actually the very best on this planet. 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 isn’t figuring out 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 accomplice works as an engineer at a digital media firm. “That is a part of the place the American dream isn’t figuring out right here.” (theguardian.com)