And it does: "anchor" industries are what brings in wealth in general to a city or metro area. Wages for unrelated jobs in Seattle are still higher than average.
That said, the problem is that average wages don't rise as fast as the cost of living does. But that housing is so expensive is a failure of local government policies, and by extension, the voters who support those policies. Housing doesn't have to be super expensive; voters actively choose policies that make it so.
People are getting what they voted for, and they're mad as hell about it.
That said, the problem is that average wages don't rise as fast as the cost of living does. But that housing is so expensive is a failure of local government policies, and by extension, the voters who support those policies. Housing doesn't have to be super expensive; voters actively choose policies that make it so.
People are getting what they voted for, and they're mad as hell about it.