The Bay Area is generating enormous wealth and growing impossibly unaffordable, even for well-paid tech workers.
Since the California Gold Rush, economic opportunities have drawn people to the Bay Area from all over the world. But for just as long, the region’s boom-and-bust economy has made it impossible for others to stay.
Since the 1990s, the tech industry has driven costs higher, but for some who work in the industry and haven’t struck IPO or AI gold, life in the Bay Area is not adding up…