Those folks are long-term, wealthy employees who can always cover the incremental costs to the next rung up. They also pay new folks a *lot* (in constant dollars) compared to when they started.
I think that last point tries to prove too much -- at least when there are multiple employers willing to pay similar wages.
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I hear grumbling at VC's, see executives that wouldn't have moved here if they'd known, recognize that all these kids think they're rich while their parents had houses and families but were "middle class" -- And what I see, is a constituency.
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That constituency has a hierarchy of priorities and won't respond to a creeping crisis any better than we are collectively responding to climate change.
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Housing is rival and substitutable for the length of a commute. Cupertino isn't awash in housing because FB and Google engineers could buy it too.
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Commutes have a wall too.
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