Homes stand in front of the San Francisco skyline in San Francisco, California, US. The divide between the tech and service industry is compounding the income disparities that have plagued the Bay Area for years. — Bloomberg
The coronavirus pandemic is exacerbating wealth and racial inequalities around the world. Nowhere is that more apparent than in San Francisco.
While many low-income employees in the service sector have been laid off or risk getting sick if they do go to work, the city’s high-paid tech workers have been mostly shielded. The engineers and product managers who helped push up the cost of living in the area over the last 15 years aren’t nearly as affected by the pandemic, with companies like Alphabet Inc and Facebook Inc giving them cash bonuses to upgrade their home offices and organising virtual yoga sessions to help them stay fit.
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