Around 7AM on January 21st, 2014, a small group of protesters gathered in the driveway of an understated $1 million four bedroom family home in Berkeley and unfurled a hand-painted banner that read "GOOGLE’S FUTURE STOPS HERE."
... celebrating an imaginary Google service allowing the public to ride the private shuttles, "Google Buses," for free since MUNI is in crisis, and a fare hike is imminent.
"What's happening is if you have a great idea and the technical skills to implement it you can create disproportionate wealth very quickly," he said. "That's good by itself except it increases disparity."
That disparity, Khosla said, will only continue to grow as machine learning and big data technologies improves. Eventually, software will have the ability to replace everything from farmworkers picking lettuce to law clerks.
"San Francisco’s minimum wage is nearly $3 more than the federal minimum wage, yet it is three-and-a-half times less than what is needed to afford a decent two-bedroom unit in this expensive jurisdiction"—or $37.62 an hour. Or, $78,250 a year. Either way: Time to blockade a Google bus.
San Francisco's degree of income inequality has also increased, to levels roughly on par with Madagascar. Of the 150 largest regions in the US, the Bay Area ranked 45th for income inequality in 1979. Now we've jumped to No. 14. Across the US, income inequality has risen steadily since 1979, but in about 1999, the Bay Area's rate of increase surpassed the nation's average.
The United States and other developed countries are in the midst of a digital revolution that may be even more profound than the industrial revolutions of the past. Advances in robotics, cognitive computing and other digital technologies promise untold benefits in a world of leisure hard to imagine. But there is also a dark side to this technological change. It could lead to joblessness for most and extreme inequality, threatening economic health and political stability.
Tension over rising inequality and a lack of good-paying middle class jobs is growing in Silicon Valley and nearby San Francisco, the epicentre of computerisation and the information economy. In San Francisco, buses for Google, Facebook and other companies ferry high-paid tech workers to their jobs in Silicon Valley. This allows tens of thousands to live in the city, fuelling popular anger over gentrification and high housing prices that are pushing longtime residents out.