News for hackers. Stuff that matters.

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 digisign on Monday August 03, 2015 @01:23AM (#9993984)
Rent is high because there is not enough housing.
[ Parent | on HN ]
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.
[ Parent | on HN ]
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.

[ Parent | on HN ]