Why Silicon Valley hasn’t done more for most Americans
slowboring.com · 1,283 words · saved by 1 readers
It’s (still) the housing constraints.
Apple corporate headquarters in Cupertino, Calif., is surrounded by low-density housing. (Photo by Kirby Lee/Getty Images) In an article comparing American and European living standards, Paul Krugman offered what he called “One more real-world aside: Should Europe envy the United States for its tech sector? No. Aside from the fact that Europeans are living well, tech generates a big negative externality, because among other things it generates tech-bro billionaires, who are corrupting our politics.” That’s a puzzling assertion that would take a long time to fully unpack, but it made me…
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