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behind San Fran's tech boom
an invasion of the young & affluent leads to ruthless gentrification
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"This makes San Francisco perhaps the least affordable city for middle-class families in the country, with New York City following closely behind... and its income inequality is growing the fastest in the nation. " truthout, 14
“You know, I would be pro the economy growing, and I am of course pro the economy growing if, in fact, trickle-down economics worked, and we had evidence of it working. I can tell you that on the ground, nobody is seeing it actually manifest in any sort of working nature. Basically, people who have longtime businesses are being kicked out of their homes, are unable to continue working in their businesses. People are also not having their businesses frequented by people who are moving into the city now to work in tech. There are less laundromats in the Mission, for instance, than ever before. People who owned laundromats for a very long time are losing their jobs because folks in tech are able to have their laundry washed by the companies that they work for.” Erin McElroy