Re:Big Tech is using layoffs to crush worker power
by giantg2 on Tuesday January 31, 2023 @03:14PM
(#34601250)
Middle class is defined using a range of the Area Median Income (AMI). This measure accounts for the income based in a specific locale to determine if you are middle class or not. For San Francisco, the upper limit for middle class is around $225-250k (2x AMI) per household.
A single person earning $300k is above middle class.
If we look solely at quality of life (which you don't even define), then the results are meaningless. Even if the things they have would have been considered middle class decades ago, they are not middle class now due to population increase and density increase in that area (you can't all have SFH in the finite space). Or possible if you mean the quality of has overall decreased, then those people still have more that the people who are currently middle class. I don't think quality of life has actually gone down, but I'd be interested in numbers either way.
A single person earning $300k is above middle class.
If we look solely at quality of life (which you don't even define), then the results are meaningless. Even if the things they have would have been considered middle class decades ago, they are not middle class now due to population increase and density increase in that area (you can't all have SFH in the finite space). Or possible if you mean the quality of has overall decreased, then those people still have more that the people who are currently middle class. I don't think quality of life has actually gone down, but I'd be interested in numbers either way.