News for hackers. Stuff that matters.
Re:The boss who put everyone on 70K by fahadkhan on Friday February 28, 2020 @02:46PM (#22445704)
Saw a video of Price saying that his minimum salary may have indirectly raised housing costs in his city and that is not a problem he can solve but something that the city must. I don't know the figures but I would guess that any effect that he had caused was minimal.

He really does come across as great guy. If I was more local I would probably look to work for him.

Re:The boss who put everyone on 70K by rejschaap on Saturday February 29, 2020 @01:23PM (#22452028)
It is very unlikely that a 100 person company in an already gentrified neighborhood would have any effect on house prices.
Re:The boss who put everyone on 70K by me_me_me on Monday March 02, 2020 @05:45AM (#22463285)
Furthermore if you are paid decent wage you can afford to buy a house, further cutting down the rent prices.

It boggles my mind how people spin the stories to protect professional landlords, a class that does nothing but extracts productivity.

Re:The boss who put everyone on 70K by banannaise on Monday March 02, 2020 @11:36AM (#22465928)
Sadly, there's a strange knock-on effect of all the professional landlords: Instead of aspiring to own a family home, a lot of millennials aspire to become landlords, either by buying big and renting part of the space, or by buying small and using it as a springboard to buy bigger and rent the original place. It's a vicious cycle, especially since they often don't have the capital to easily absorb damage or maintenance costs, leading to the properties deteriorating rapidly.