Pretty much. Gentrification in action. They're pricing out workers who work these jobs and then the rich people who move in pitch a fit about how there's long waits and "no service" and how "no one wants to work anymore." You all did this to yourselves. You chased away the workers. If you have a problem with the environment you created, perhaps you should stop doing that or go work these "great" jobs yourselves?
It's not "gentrification", it's a lack of supply to meet demand. "Gentrification" is a word invented by NIMBYs to shut down conversations about housing densification.
I don’t have a WSJ subscription so I couldn’t read the article. One thing I haven’t seen discussed is being house trapped. If you purchased a house before everything got crazy and refinanced with a sub 3 interest rate you are effectively trapped in your house now. You would need to make so much more money to buy your same house now. It would be a stupid financial decision to move for a job. What you end up with a stupid long commutes.
Let's get lab grown meat going so we can free up all that cattle land in the middle of the country, build some well planned cities with high speed rail connecting them and spread out a bit.
Land is not, and will not for the forseeable future be the point of contention in the US, it's the rail connections and building 'well planned cities' that people actually want to live in that are basically impossible.
I drive 100 miles a day for my IT job in Austin. I live in Rockdale... So my commute is ~1:30 each way.
But the prices getting closer towards Austin are so bad, I don't wanna move out of principal since I'd be doing nothing but burning money through rent and not receiving anything in return...
I may have an opportunity coming up to work in greater Austin. It's tempting for many reasons, and I like the area, but I don't think I can make it work for exactly that reason...housing prices are sky high.
For me it would mean trading a lot of financial stability for quality of life, or having a commute similar to yours. Living in or near the city is probably still manageable for those who have been there for many years, but I think most newcomers will find housing prohibitively expensive.