Re:The layoffs will continue until (investor) morale improves
by fsociety on Monday March 27, 2023 @10:05AM
(#35326804)
You are missing the point. “Middle class” lifestyle, especially in high cost areas, is not making around $55K. It is making roughly $150K or more.
The point is that salaries should have increased for everyone. Middle class is not struggling to make ends meet and living paycheck to paycheck. It is living a modest life with modest savings and a discretionary income.
I am not sure how that helps make this clearer though. It almost doesn’t matter at this point. We all know making $55K/yr in the Bay Area is rough. People are getting screwed over.
The point is that salaries should have increased for everyone. Middle class is not struggling to make ends meet and living paycheck to paycheck. It is living a modest life with modest savings and a discretionary income.
This random article claims the 90th percentile in the Bay Area is $384K. https://www.kqed.org/news/11799308/bay-area-has-highest-inco...
I am not sure how that helps make this clearer though. It almost doesn’t matter at this point. We all know making $55K/yr in the Bay Area is rough. People are getting screwed over.