Most techies, it seems, are perfectly content to ignore the changes wrought by a ballooning industry. Tech has driven up the cost of living to insanely high levels. Oakland and San Francisco, for example, saw the highest increases in rent in the country between 2011 and 2012; the average salary for people in tech jobs is three times the median US income; there are entire cottage industries catering to the needs of uber-successful techies permanently shifting the sociocultural landscape of San Francisco. Read More
There has been much back and forth about whether the tech boom is completely transforming San Francisco, lots of it earnest and deadly serious. So at least “Google Google Apps Apps,” a new screw-you to gentrifiers from drag performer Persia and Daddie$ Pla$tik (via Nat King), is super catchy and has a real nutty music video.
“Techies, take the Mission! Techies, gentrify me! Gentrify me, gentrify me, gentrify my love,” Persia and her compatriots chant as they dance against a series of images lifted from–where else?–Google StreetView. Read More
New York City has devoted a lot of time, effort, and money to fostering the local tech scene. Not one but two tech campuses; all those meetups and happy hours. But once we reach critical mass, it’s all gravy, right? Right? Nope. As a smart man once said: Mo’ money, mo’ problems.
As companies like Twitter start developing San Francisco’s downtown, the New York Times reports that their tech boom comes at a cost. One local business owner told the Times her landlord was raising her rent from $8,000 to $12,000 and asked, “Of course, Twitter is good for the city, but how about me?”
Meanwhile, the director of the San Francisco Tenants Union reports the trend has “driven up rents extremely” in the last year, while economist Kenneth Rosen predicted the boom would hurt “poor and middle class” while helping the “upper middle class.”
The end result: Read More