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 […]
Even once stay-at-home orders are lifted, it’s likely many of us will be sticking closer to home, at least for a while. And rather than taking the car out of the garage for a 10-minute-or-less drive to the grocery store or the pharmacy, don’t be shocked if you start seeing a lot more short jaunt […]
If your sleep has been somewhat troubled recently, you’ve got plenty of company. With so much uncertainty, millions of people everywhere are laying in their beds, wrestling with huge life problems while unsuccessfully trying to also get eight hours of rest…or six…or heck, even 30 minutes. If that hits a little close to home, you […]
Believe it or not, you can still score a new job in the midst of the pandemic. There are a bunch of industries under more demand stress than ever that have an immediate need to grow. Regardless of the specific role needed or company that’s hiring, one skill that can only help you score an […]