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In an election year, with nearly constant squawking from presidential candidates about well-paying jobs, the mayor of Palo Alto has an unusual message for some of the cash-flush tech companies based here: Go away. Please.
“Big tech companies are choking off the downtown,” Mayor Patrick Burt said. “It’s not healthy.”
I wonder if it's him saying it or his constituents telling him to say it. i can completely understand the frustration when a lawyer and a engineer can't afford housing.
Last edited by Electrician4you; 09-07-2016 at 07:58 PM..
Well, almost no one can afford a house in Palo Alto. Techies, for the most part, don't make anymore than lawyers and many of them are engineers and well, don't make anymore than themselves I guess. The exception is the people that got in early. Eg, I have two uncles that worked in tech. One got in early and while he didn't really make it big he got the seed money to start his own non-tech business which he sold the controlling stake for $20 million a few years ago. Not sure what he's making but it's way more than $200k/yr. The other one just made $200k/yr or so. That's not really going to get you into a house in Palo Alto anymore, and he was only making that after 20 years. That's pretty typical for a non-equity partner with 20 years' experience in the more lucrative areas of law. More than most make, but it's also more than most working in tech make.
But anyway, that's not really what the mayor is talking about. He's talking about techies choking the downtown office supply. Really what isn't healthy is how nimby Palo Alto is. A 1% cap on increasing office space in Palo Alto is hurting it much more than tech outbidding everyone else for the artificially constrained office space.
Send those companies and jobs this way -we'll take them~
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