from Hacker News

Big Tech adding 20000 jobs by 2022 in NYC

by eerrt on 1/5/20, 5:06 PM with 1 comments

  • by arcanus on 1/5/20, 5:52 PM

    I find it absurd how tech is blamed for gentrification in various cities, but particularly New York.

    Finance, law, inherited wealth, foreign buyers have been purchasing NYC real estate for decades.

    At least the technology industry contributes to economic growth. The rest is largely a result of rentier capitalism and oligopoly.