Weirdly when I read the piece I did not see it as being about reducing jobs.
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Replying to @tbreisacher @timredmondsf and
What do you think reducing office space means? I would agree that it is weird that you didn't read the piece accurately.
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Replying to @NeverSassyLaura @timredmondsf and
Maybe we can get coffee sometime and figure out what it really means
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Replying to @tbreisacher @NeverSassyLaura and
I think there are two issues with Tim’s proposal. One is that if you limit office space, those with the highest capacity to pay the highest rents will crowd everyone else out. We already saw this with office pricing out non-profits but now we’re seeing (B)ig tech pricing out
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Replying to @kimmaicutler @tbreisacher and
(s)mall tech.
@coryweinberg did a report this week on how (B)ig tech has quietly leased enough space to handle 100K+ workers over the next several yearshttps://www.theinformation.com/led-by-alphabet-apple-tech-firms-could-double-footprint-in-bay-area …2 replies 2 retweets 9 likes -
Replying to @kimmaicutler @tbreisacher and
At least we can agree that there is a problem in Cupertino, where the mayor now says the housing crisis isn't dire. I think there is such a thing as growing too fast, and that's what the Bay Area has done, and it's no surprise that it's created a mess.
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Replying to @timredmondsf @kimmaicutler and
So, now what? What is your plan to deal with the current situation? Even if we stopped growing the economy, we're still in desperate need of massively more housing, right?
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Replying to @NeverSassyLaura @timredmondsf and
> There is such a thing as growing too fast ... > Even if we stopped growing the economy ... Slowing and stopping are actually not the same thing though???
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Replying to @tbreisacher @NeverSassyLaura and
don't know if you saw this thing over here, but we have $5.8 billion in unfunded pension liabilities in SF alone. Even with the tech boom, SF is *barely* able to keep up with its growing liabilities. https://www.bloomberg.com/news/articles/2017-03-24/san-francisco-boosts-deficit-forecast-anticipating-higher-costs … http://mysfers.org/wp-content/uploads/SFERS_AnnualReport_FY16_web.pdf …pic.twitter.com/TdIOMfbbFS
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Replying to @kimmaicutler @tbreisacher and
if the rate of return was even decreased by one full percentage point, then we'd have a $9 billion liability to cover. http://mysfers.org/wp-content/uploads/SFERS_AnnualReport_FY16_web.pdf …pic.twitter.com/cOYh6GHjab
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if you're prepared to make the drastic cuts to public sector services and workers that are implied by a slower growth rate (above and beyond the current cannibalization that's happening http://gspp.berkeley.edu/assets/uploads/research/pdf/Anzia_PensionsintheTrenches_Aug62017.pdf …), then by all means...at least you would be ideologically consistent.
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