Bay Area voters decide tech industry should pay its dues


  • TECH
  • Friday, 09 Nov 2018

In two ballot measures that amounted to a regional referendum on how much tech corporations should contribute to the common good, voters in San Francisco and in Google's hometown of Mountain View, Calif., decided that some wealth redistribution was in order. (Sebastian Czapnik/Dreamstime/TNS)

The technology industry has turned the Bay Area into an economic powerhouse that many of the world's most valuable companies call home. 

But the influx of well-paid tech workers has also clogged the region's infrastructure and sent housing prices soaring, exacerbating a homelessness crisis on the streets of San Francisco. 

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Tech News

India's Tech Mahindra posts Q4 revenue miss
Explainer-Where are Wall Street's analyst notes on Trump's Truth Social?
AI spending worries cast gloom over Alphabet, Microsoft
Electric cars and digital connectivity dominate at Beijing auto show
Most global tech leaders see their companies unprepared for AI
India plans curbs on suspect bank accounts to fight cyber fraud, sources say
Tech companies plug into India's smaller cities for talent
Tencent pushes wider adoption of AI-powered smart mobility system from a vehicle’s cockpit to the factory floor
Artificial intelligence offers an opportunity to improve EV batteries
Apple still leads high-end smartphone sales in China, but Huawei and Honor are catching up

Others Also Read