A VC's viral tweet has people debating if $500K in San Francisco means you're destined for the 'permanent underclass'
By
Henry Chandonnet
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AI is rapidly building wealth in San Francisco. Some techies think that a "permanent underclass" is coming, while others call such fears overblown.
A VC's viral tweet has people debating if $500K in San Francisco means you're destined for the 'permanent underclass'
By
Henry Chandonnet
You're currently following this author!
Want to unfollow? Unsubscribe via the link in your email.

San Francisco has seen wealth tsunamis before. The AI boom is different.

According to Menlo Ventures partner Deedy Das, about 10,000 people in Silicon Valley have amassed fortunes of over $20 million…

From India and Africa to Europe, countries not yet in the AI supply chain risk mass job losses, losing the tax revenue needed to…

The invisible force behind all of this is no mystery to anyone paying attention to the city's tech economy. San Francisco is home…

A new class of overnight millionaires and billionaires are bidding up San Francisco housing at the fastest rate in the country.…

The AI boom has helped San Francisco turn around its Covid-era woes - but rent hikes and people buying for a million over the…