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dingus · 3121 days ago · link · · parent · post: Dropbox cut a bunch of perks and told employees to save more as Silicon Valley startups brace for the cold
In a way it's almost as bad for them as for someone making minimum wage. Home prices in the gentrified parts of Silicon Valley are ridiculously high, so you end up "house-rich cash-poor", or you go off to gentrify another part of town and restart the cycle.