In San Francisco and Rooting for a Tech Slowdown
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Re: In San Francisco and Rooting for a Tech Slowdown
#2The non-tech parts of this town will be devastated by a tech slowdown. Absolutely destroyed.
Re: In San Francisco and Rooting for a Tech Slowdown
#3The non-tech parts of this town will be devastated by a tech slowdown. Absolutely destroyed.
How's that? They seemed to be OK before the crazy upswing.
Re: In San Francisco and Rooting for a Tech Slowdown
#4I think people will be shocked by how little housing prices decrease if the startup economy experiences a downturn.
Re: In San Francisco and Rooting for a Tech Slowdown
#5The non-tech parts of this town will be devastated by a tech slowdown. Absolutely destroyed.
How's that? They seemed to be OK before the crazy upswing.
Because that was before, obviously. Too much of the city relies on the tech economy now - the restaurants, the lyft/uber drivers, the building contractors, the dog walkers, the private school teachers.
Re: In San Francisco and Rooting for a Tech Slowdown
#6The non-tech parts of this town will be devastated by a tech slowdown. Absolutely destroyed.
How's that? They seemed to be OK before the crazy upswing.
The relative power structure won't meaningfully shift. Levels will just change. The guy whose 1% of this pie is meaningful today may find that it is unsustainable tomorrow. The gal who lives richly on her 10% of the pie may have to tighten a belt or two tomorrow, but it's unlikely to become be existential. More tangibly, city services will pull away from non-core areas, projects and services.
Re: In San Francisco and Rooting for a Tech Slowdown
#7The non-tech parts of this town will be devastated by a tech slowdown. Absolutely destroyed.
All the folks working in a service industry that exists only to service tech workers are going to have a very, very hard time.
Q: How many sandwiches and burritos must one deliver to pay rent in the Bay Area? How many of those people that have been requesting said sandwiches and burritos will be laid off, move away or reduce discretionary spending?
A: many.
Re: In San Francisco and Rooting for a Tech Slowdown
#8San Francisco is one massive "tech slowdown" (although I suppose more like a tech collapse, given the baseline level of employment further down in Silicon Valley) from turning into Detroit-on-the-Bay.
Re: In San Francisco and Rooting for a Tech Slowdown
#9The non-tech parts of this town will be devastated by a tech slowdown. Absolutely destroyed.
How's that? They seemed to be OK before the crazy upswing.
Well, I think the ones that were around before the tech influx will certainly be able to ride out slower times better than the restaurants/services that have come up as a direct result of the influx of tech folk.
Re: In San Francisco and Rooting for a Tech Slowdown
#10The non-tech parts of this town will be devastated by a tech slowdown. Absolutely destroyed.
All the folks working in a service industry that exists only to service tech workers are going to have a very, very hard time. Q: How many sandwiches and burritos must one deliver to pay rent in the Bay Area? How many of those people that have been requesting said sandwiches and burritos will be laid off, move away or reduce discretionary spending? A: many.
I think this sentiment is exactly what gives tech workers a bad name:
> All the folks working in a service industry that exists only to service tech workers are going to have a very, very hard time.
"Only to service tech workers" - are you kidding? You sound like the aristocracy from Downton Abbey: "Thank god we exist to give all the peasants jobs to do."