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by flukus
2629 days ago
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> If you remove rent control tomorrow, there's going to be no shortage of immediate, acutely suffering victims of that political decision. I have no dog in this race but I'm curious how this would play out long term. The people that are made homeless and have to move are all working in jobs necessary to a functioning society, cutting hair, stacking shelves, cleaning toilets, etc. How do these functions get replaced? Would higher salaries be offered? If so the relative pay of tech workers would go down and it could create a real inflationary feedback cycle, surely tech workers would probably price themselves out of the market at some point. Would people commute from further away instead? Surely the number of people willing to commute 2 hours each way for low pay would be limited. This would also cause a whole heap of traffic issues. Would these sorts of jobs simply move out of the city? It's hard to imagine but what if a grocery store simply couldn't afford people to stack shelves and they all closed down? Does everyone order from Amazon? In most cases it seems having a viable working class in the area is what allows tech workers to be rich. |
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