> San Fransisco has a housing crisis BECAUSE of all the $150k jobs
No, it's because there's a shortage of housing. There are plenty of places that have high incomes and low rents, because the supply of housing keeps up with demand. I doubt directional drillers in North Dakota are paying San Francisco rents.
> The presence of wealth doesn't CAUSE poverty. It exacerbates poverty. It's just incompatible in the same ecosystem.
I find this statement to be very dubious. Where would the homeless living in tents be if all the wealthy people had their salaries cut in half? They'd be in the exact same spot, except the government would have a lot less tax revenue to spend on social services.
Do you genuinely think that it's better to be poor in a poor country than it is to be poor in a wealthy country? What kind if life does someone in the bottom 10th percentile live in a place like the Democratic Republic of Congo, or Venezuela lead? What kind of life does someone in the same finacial position lead in Switzerland or Singapore?
> The 2010 census[6] gave its population as 14,716, and the Census Bureau gave the 2017 estimated population as 25,586, making Williston the sixth-largest city in North Dakota
Of course a tiny town that nearly doubles in population in less than a decade is going to experience a sharp rise in rents. This is a classic example of cherry picking outliers.
In contrast, the median home price in all of North Dakota is just over $200k.
This still demonstrates my point: it's supply and demand that dictates the price of housing. If demand rises and supply stays the same rents go up. If supply keeps up with demand, they do not.
No, it's because there's a shortage of housing. There are plenty of places that have high incomes and low rents, because the supply of housing keeps up with demand. I doubt directional drillers in North Dakota are paying San Francisco rents.
> The presence of wealth doesn't CAUSE poverty. It exacerbates poverty. It's just incompatible in the same ecosystem.
I find this statement to be very dubious. Where would the homeless living in tents be if all the wealthy people had their salaries cut in half? They'd be in the exact same spot, except the government would have a lot less tax revenue to spend on social services.
Do you genuinely think that it's better to be poor in a poor country than it is to be poor in a wealthy country? What kind if life does someone in the bottom 10th percentile live in a place like the Democratic Republic of Congo, or Venezuela lead? What kind of life does someone in the same finacial position lead in Switzerland or Singapore?