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December 10, 2013 01:55 am GMT
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/bw-JkckiA-M/
Techs Hyper-Gentrification Has A New Fake Spokesperson
This weekend my taxi driver dropped me off at Twitter HQ, and as I paid my $7 fare with Square, asked me if I worked at Twitter. When I responded "No," he said, "Ok, I usually charge those people more."Depending on who you ask, tech's hyper gentrification is either causing an economic cold war, or is blown out of proportion. Any way you slice it, the tech industry, paying proportionally higher salaries because of VC funding and creating millionaires through lucrative IPOs, has caused housing prices and everything else influenced by housing prices in the Bay Area to skyrocket. And it's spreading.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/bw-JkckiA-M/
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