> Jacking up salaries without bringing the standard of living for the rest of your society will only lead to a continued breakdown of the social fabric that we have been seeing steadily happening over the past 30-40 years.

Eh, I don't know, if you follow the example of the bay area, jacking up salaries in tech means everyone else paid more money (earning 3k a month means you're upper middle class in France and poor in the bay area). Now if we could fix our housing problem...