Middle-Class Precarity: Edge of Homelessness in California

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You see people scattered all over California with nowhere to go except the streets on a day to day basis. Many middle-class citizens living in the Bay Area today survive paycheck to paycheck. Many of them live in the Bay Area with no emergency expenses in their savings account, which may leave them short and unable to complete full bill payments. This can lead to middle-class families and hardworking citizens to get evicted out of their homes. A big proportion of their check goes solely to rent and unfortunately middle-class citizens are just one illness or an accident away from being homeless since they also have an expectancy to pay taxes and other bills such as water, electricity, car payments and personal expenses with one paycheck. This …show more content…

A downside to all this is that many millennials are considering leaving that whole region because of the overprice in rent. Big Tech companies are to blame for the rise of unaffordable housing. They start building their companies in the heart of Silicon Valley and convince the nearby housing owners to rent their place at a high price than the normal people would thus drive out middle-class people towards the street. This means that California’s future tech industry may be missing an opportunity for advancement. Right now huge corporations may believe that this is a clever way to get a few extra bucks but in the next few years when employers and future employers leave it can affect these California-based businesses quite negatively. Businesses will take a huge hit if they do not try and accommodate youth in their structure now. A solution could possibly be for companies buying the housing to actually book apartments or houses in or out of the region for future employees. These businesses could also expand this idea all across America, by building new headquarters in other tech known areas to attract the right type of employees. If they make their industry tech based, housing offered to work in a company can attract many people . Having successful leaders and a good location can guarantee a reason for people to stay. This type of change needs to start now, this will ensure millennials who are not in the Silicon Valley area an opportunity to advance many corporations. Having this type of structure can guarantee a successful plan. It can help the economy, families, and lead to breakthrough

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