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comment by HeroicGomez

This is not just on the Boomers, but also on the tech industry, on those pumping billions of dollars in VC into companies that otherwise would be unsustainable on their own... and in turn vastly inflating the salaries of those who lead, code and dev for them. It's now at the point where it's blasted the economies of tech-rich cities increasingly out of reach. You're seeing prices go up because there's a lot of young people in tech making six figures who can afford them and are willing to spend the money.

Not to vilify young people in tech because the problem is a multi-faceted one, but they are complicit in this as well. It's intellectually lazy to pin the entire problem on the Boomers... just as it would be in pin the balance of the blame solely on tech, or solely on wealthy investors, or whoever else. But at the same time, there's not a whole lot of social responsibility taking place from those who are benefiting most from the stratified economy.

kleinbl00  ·  157 days ago  ·  link  ·  

Wealth distribution in the tech industry is as imbalanced if not more so than other industries. For every brocoder at Snapchat there are 20 temp-to-hires doing customer service chat at Amazon.

More than that, you're talking about the tech industry while we're talking about the whole of the economy. It's not intellectually lazy - somebody wrote an entire book on it.

He also wrote this, by the way.