Tech CEO Says His Own Industry Is To Blame For Rampant Inequality
“While the tech boom has taken off in and around San Francisco in the last decade, the city’s housing prices have shot up as an influx of high-paid tech workers settled in the region. Many of them have opted to live in San Francisco and take free shuttles provided by their jobs to Silicon Valley, a suburban area south of the city, where many tech companies are located. This amplifies the pressure on housing in San Francisco proper ― where strict zoning laws and rent control policies were already linked to expensive housing costs.”