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Dorm living for professionals comes to SF

nytimes.com

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Re: Dorm living for professionals comes to SF

#71

Earlier quoted context omitted.

The statistic that constantly rattles around in my head is that 70% of the world lives on less than $10/day. There's an awful long way down from here.

Per capita world GDP is about $16K/year. That's significantly more than $10/day, but it's also significantly less than anyone in the Western world is accustomed to living on.

$16,000 / 365 = $44 / day. And wealth and income are non-linear [1], so 70% of the population could easily be below the mean.

[1] citation needed

Re: Dorm living for professionals comes to SF

#72
post #42

Earlier quoted context omitted.

Those are some extremely skewed numbers. I live in a $1.7k one bedroom. Rent is like 10% of my pay and I'm just 2 years out of college. No student debt because my family is poor. San Francisco is an amazing place for technies if you're not bad with money

You're saying you make ~200k/year 2 years out of college? That is not normal.

Don't believe it! maybe salary + stock options + benifits - that's a possibility (even though a pretty rare one). But 200k cash, BS, no employer would pay that to someone with 2 years of experience... One exception is if that guy possesses some unique skills of some hype industry (blockchain, AI, VR), but that really a very unique situation. Most of people here make around $130k/year + some stock options/rsu's

Re: Dorm living for professionals comes to SF

#73
post #37

Earlier quoted context omitted.

Median household income in SF is $78k.

i'm seeing some different information. on wikipedia- it says $78k, but that data is apparently from 2010-2014. https://factfinder.census.gov/faces/nav/jsf/pages/community_... newer data suggests it is at least $87k, with some sources suggesting $92k+ >California Association of Realtors also estimates that the minimum qualifying income to buy in San Francisco is $254,000 annually. i think being in the 'middle class' s…

[deleted]

Re: Dorm living for professionals comes to SF

#74
post #4

Earlier quoted context omitted.

You go to SF to launch your career then GTFO ASAP to a less 'enlightened' part of the US where you don't have to worry about hyper sensitivity and your dollar actually counts for something.

It depends. The big X tech companies, and hot unicorns in the bay area pay crazy salaries for engineers. 3k a month doesn't seem too bad when you are making 200k+, which is close to ~triple what you'd make in some rando mid sized city. Working for the average SF startup though? Yeah, you'd be better off somewhere else.

Whenever I look at cost of living comparison it doesn't seem advantageous to me to be in SV unless you get lucky on equity ( how do you even measure that? ).

$150k in Dallas is something like $265k in San Francisco. And I would think in SF your housing would be pitiful compared to the midwest at $3k/month mortgage.

Engineers at my company can make upwards of $300k in Dallas and that gives a standard of living thats comparable to making $1m in the valley which is probably pretty rare.

Re: Dorm living for professionals comes to SF

#75

Last time I was in SF I stayed near the Tenderloin area: I've never seen anything like that level of homelessness, neglect and dysfunction in any other first world country. The existence of such conditions in a city of billionaires is shameful shit. The US economy generates over $100k per household, and people are living on the street, or crammed into dorm rooms? It's a cruel, obscene disgrace.

Same here. I grew up in Seattle and thought that was bad, but the number of downcast and desperate characters I saw in downtown SF and how closely they were pressed up against areas of impressive wealth (like at Mission & 16th) was extremely depressing.

just wait and see what happens when full automation is achieved

Re: Dorm living for professionals comes to SF

#77

Earlier quoted context omitted.

That's only somewhat true. It will smooth out living standards as it crushes working people down by exploiting the lowest wages anywhere in the globe. Simultaneously, the wealthy bourgeoisie will become richer and richer until the internal contradiction in capitalism, that profits come from consumers that must work for wages, tears the system asunder. The system that follows will likely be fascism, the seamless merge…

If any of the previous experiments with socialism are any indication, fascism and socialism have the same approximate outcomes.

The old idea that occurred in the Soviet Union was not the only possible outcome. That idea was for a vanguard party to take control of the country and establish a dictatorship of the proletariat. Unfortunately, this dictatorship was exactly that... it concentrated power in the hands of a small minority and lead to tremendous abuses. However, it also lead to obscenely rapid industrialization in one of the poorest most besieged countries in the world. Russia, post WW1 and WW2 was not a happy place having lost millions of soldiers to invasions by Germany, Japan, the US, and others. It is an open question what would have happened had they not been besieged. However, that is counterfactual, and there were large abuses, especially in the Ukraine.

Other countries, like China, have produced significant abuses, but notably they are also rising economic powers. They are no longer strictly communist, but nor are they totally capitalist. China recently announced a plan to eliminate poverty within its borders (https://www.nytimes.com/2017/10/31/world/asia/xi-jinping-pov...). While you might say that they won't be able to do it, that would fly in the face of their 6+% (!) GDP growth. Can you imagine a US politician ever making a statement like that? Not since FDR have we seen anything like it. The closest we had was MLK's Poor People's Campaign in the late 60s.

The new hip idea is for power to remain mostly decentralized to prevent this outcome. Hence, worker coops. If more stakeholders participate in decisions, hopefully fewer truly awful ones will occur.

I could go on, but there is a lively debate going on right now that much of the US public is asleep to having been lulled into a zombie like state by Carter, Regan, Bush, Clinton, Bush, Obama, and Trump. It's acceptable to think about the shape of the new world that is coming and have a hand in shaping it. Otherwise the same old, frankly evil, behaviors will continue until something unimaginably terrible happens like a nuclear war or the seas and changing weather sweep our civilization away.

Re: Dorm living for professionals comes to SF

#78
post #64

Earlier quoted context omitted.

What nonsense. Sure, the valley can teach you some new JavaScript frameworks and how to best invade your users privacy to sell ads, but real programming happens everywhere. There’s plenty of ways to launch your career without working for Zuckerberg or Bezos.

I never said SF was the only way to launch a career and tend to agree with you. Still, there is no denying the power of having a big name on your resume when looking for the next job.

Eh, I don't think it is required. Probably better to work on being likable so people think you're more than just a skillset in the interview.

Re: Dorm living for professionals comes to SF

#79
post #37

Earlier quoted context omitted.

Median household income in SF is $78k.

i'm seeing some different information. on wikipedia- it says $78k, but that data is apparently from 2010-2014. https://factfinder.census.gov/faces/nav/jsf/pages/community_... newer data suggests it is at least $87k, with some sources suggesting $92k+ >California Association of Realtors also estimates that the minimum qualifying income to buy in San Francisco is $254,000 annually. i think being in the 'middle class' s…

Should, but sadly doesn’t at the moment.

We need more housing.

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