The hype about an incoming wave of tech IPOs has underscored SF's tensions

Re:The hype about an incoming wave of tech IPOs has undersco... by ionforce on Friday May 17, 2019 @04:03PM (#19943040)

You don't understand it because the mental model as presented by the statement is too simple.

Money can make LOTS of people VERY happy, up to a certain point. Supposedly after 80k$, after you've been relieved of basic stresses like rent and finding food, more money will make you less happy per increment.

If you are an unhappy person with a minimum of 80k$, then the bottleneck to your happiness is not money.

Merely more money doesn't make ALL people happy ALL the time.

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Re:The hype about an incoming wave of tech IPOs has undersco... by RcouF1uZ4gsC on Friday May 17, 2019 @04:18PM (#19943174)

The cutoff is definitely much higher than $80k in the Bay Area. You would basically be homeless at that level of household income.

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Re:The hype about an incoming wave of tech IPOs has undersco... by brundolf on Friday May 17, 2019 @04:25PM (#19943238)

I make 80k in Austin - a city that's still relatively high in terms of living costs, compared to the rest of the country.

On that I can afford to live in a very comfortable apartment without roommates, eat out at decent (non-fast-food) restaurants for basically every meal if I want to, have an active social life and hobbies, and still put about 10% into savings each month. I can easily say that making more money would not have an impact on my happiness.

The Bay Area is so non-representative of the U.S. that it's not even funny.

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Re:The hype about an incoming wave of tech IPOs has undersco... by jjtheblunt on Friday May 17, 2019 @05:43PM (#19943842)

well said

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