"The hard truth is that the Bay Area's housing and transit systems are bursting at the seams. According to the San Francisco Apartment Association, last year the city added 68,000 new jobs and just 120 new housing units. Silicon Valley's rental vacancy rates are even lower than the city's."
This one really jumped out at me too. I haven't read this anywhere before:
"research from the Bay Area Council Economic Institute showed that each of these tech jobs had an astounding effect of creating an additional 4.3 jobs in the local economy."
Yeah I thought that was striking as well. I'm generally skeptical of stats like this but I'd love to see the paper and see the structure of those gigs (eg which industries, where geographically are they concentrated etc)
"The hard truth is that the Bay Area's housing and transit systems are bursting at the seams. According to the San Francisco Apartment Association, last year the city added 68,000 new jobs and just 120 new housing units. Silicon Valley's rental vacancy rates are even lower than the city's."
That's math that just undeniable.