Comment by cyberpunk0
8 years ago
Because when tech companies come to places in the us they become gentrified and everything becomes expensive. In most cases tech companies coming to an area has a devastating effect as people who had lived in an area forever are forced out due to the insane spike in cost of living.
No. You are putting effect before cause.
It's the high salaries that cause gentrification, not gentrification that causes high salaries.
When high paying companies come to London/Oxford/Cambridge/Bristol the effect is just the same, it's not a US only phenomenon.
Cambridge and Oxford have been gentrified for a very long time