Illustration by Alex Castro / The Verge
San Francisco has the highest salaries in the world, thanks to big tech companies like Salesforce, Facebook, and Google. But those outside the tech sector are struggling. Many people have been forced to move far outside of city limits, enduring one-way 90-minute commutes as a result.
In an effort to fix this problem, Facebook announced yesterday that it would give $1 billion to help build more affordable housing. The money, a mix of grants and loans, is earmarked specifically for teachers, nurses, and first responders. But with housing prices continuing to soar and multiple tech companies going public, $1 billion could end up being only a drop in the bucket.
“I applaud…