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A comment on Tech industry's persistent claim of worker shortage may be phony. Parent comment

Re:Tech industry's persistent claim of worker shortage may b... by gkoberger on Monday August 03, 2015 @01:13AM (#9993950)
Rent is so high because salaries are so high.
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Re:Tech industry's persistent claim of worker shortage may b... by enraged_camel on Monday August 03, 2015 @01:43AM (#9994038)
Um, no. It's very well-documented that the reason rent is high is because the locals are strongly resisting the development of new properties. The resulting supply shortage, combined with overwhelming demand, makes property prices skyrocket. Therefore, companies end up having to offer high salaries to compensate.
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Re:Tech industry's persistent claim of worker shortage may b... by digisign on Monday August 03, 2015 @01:23AM (#9993984)
Rent is high because there is not enough housing.
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Re:Tech industry's persistent claim of worker shortage may b... by maerF0x0 on Monday August 03, 2015 @01:33AM (#9994009)
Not enough housing because high salaries draw more workers.
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Re:Tech industry's persistent claim of worker shortage may b... by simoncion on Monday August 03, 2015 @02:57AM (#9994188)
o-O

Not enough housing because next to no housing is being built, let alone construction anywhere near the rate required to meet demand.

Honestly, $120->150k gross (pessimistically ~$72->90k post-tax) doesn't go all that far when you're paying anywhere from $24,000 [if you're lucky] to $48,000 (or more) per year in rent.

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