With single-family home in the Bay Area averaging $935,000, families there making $117,000 are considered low income. The run-up on house prices is blamed on tech workers who can pay top dollar for houses. From CBS News:
That norm is fueled by thousands of well-paid tech workers who have driven up the median price of a San Francisco house to $1.6 million dollars, the highest in the country. While housing prices are rising faster than incomes nationwide, nowhere is it more evident than in the Bay Area, where home values have soared a staggering 64 percent over the last five years.
Back in November, I shared a piece about the “Real Media Salaries Spreadsheet” that was started by one of my colleagues and publicized the incomes of more than a thousand people working in media. Now the New York Times has published a great new piece about this movement, on the breakdown of the taboos around […]
The Manhattan Institute issued a report that reveals that a year of middle class wages no longer pays for major household expenditures. From The Washington Post: Lead author Oren Cass distills it as follows: “In 1985, the typical male worker could cover a family of four’s major expenditures (housing, health care, transportation, education) on 30 […]
I’m in a private Slack with some other media/journalist people, and someone brought up the idea of pay transparency. After all: if you don’t know what your colleagues are being paid, it’s hard to negotiate for a fair rate. We’re all conditioned to believe that our financials should be private, but as far as salaries […]
Paralysis by analysis. It’s the phenomenon that happens when you’re so stuck on thinking through all the ramifications of your actions that you don’t actually take action in the first place. That can happen with all this free time you’re spending stuck inside your house. With literally every home-bound option available to you, it’s easy […]
At this point, it’s every single person’s responsibility to reduce their own carbon footprint and transition to a more sustainable lifestyle. But if you consider the grim fact that the biggest culprit of greenhouse gas emissions from human activities in the U.S. is burning fossil fuels for electricity, things, like pivoting to metal straws and […]
Companies that don’t have their own in-house design teams (which means 99 percent of all companies these days) face lots of serious questions. Among those questions is how you keep up with all the design requirements of a 21st-century company without the personnel. It isn’t just a website or an annual product catalog anymore. It’s […]