Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Elroy who wrote (286806)	5/9/2006 3:53:16 AM
From: tejek	Read Replies (1) \| Respond to of 1574020

The median price for a house in LA is $500K; in SFO, $700K. The average price for a two bedroom apt is $1200; 1900 in SFO. According to federal guidelines, people should never pay more than a 1/3 of their income for rent. You do the math. In CA, $15 per hour is a living wage.....barely. Most of the workers here live in shared rooms in apartments. Do you think the minimum wage employees should be able to buy an average sized home in the most expensive region in the state? What in the world are the well paid California employees supposed to buy? - all of Wisconsin? Go back and read what I wrote. You are so bent on being contrary that you miss some important points. First of all, the average worker in CA has hard time putting together the rent, lent alone buying a house in CA. Are you proposing they live in Nevada and commute? And how is it these companies can afford to pay their CEOs and upper mgmt. millions and millions in compensation but they can't afford to pay there workers $10-15 per hour? It seems to me there is something very wrong with this picture.