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A comment on Rents in Megacities Can't Go Up Forever. Parent comment

Re:Rents in Megacities Can't Go Up Forever by ghaff on Thursday March 23, 2017 @02:47PM (#13942839)
Except it doesn't work that way. Instead 7-11 simply decides that it can't run a convenience store profitably in that location. For other types of service workers, wages/fees may well go up but it probably also just gets harder to find people.
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Re:Rents in Megacities Can't Go Up Forever by Atheros on Thursday March 23, 2017 @05:26PM (#13944476)
Of course it works that way. If almost all the stores close then the remaining ones can raise prices. If All the stores close, the quality of life goes down and rents go down until it equalizes with a few stores open.
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Re:Rents in Megacities Can't Go Up Forever by conanbatt on Thursday March 23, 2017 @05:27PM (#13944488)
Where do the rich people get their groceries then. Its clear that service jobs pay a lot more in SF that they do in other places, for the very reasons you mention before.
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