There’s literally nothing about this that’s described as a mystery…? It’s stating all the facts…
They won’t have to pay as much for employees to rent an apartment from their company than they would for their employees to rent a San Francisco apartment.
Yeah, and the absolute worst thing is they’ll be swarmed with applicants. A job and guaranteed housing I can afford? Guaranteed to be able to afford food and lunch etc? Deals on partnered electronics? I’m even willing to bet they’ll allow remote work when you live there. To the average person it looks like a great deal. It makes life simple.
But when you want to switch jobs to boost your salary you’re faced with having to move and finding a new place to live in the bay area isn’t easy. Then the issue of leaving the town meaning leaving friends, changing schools if you have kids and everything that entails. Not to mention if your partner also works there. There will be a lot of people effectively stuck. That feeling of not having a choice, of being stuck is really insidious.
And with depressed wages, which won’t impact them much while they work since they get housing and stuff cheaper. But come retirement the life time of lower earnings will rear its ugly head.
Except for that initial $800 million, plus the billions it will cost for infrastructure.
Sounds like the plot from a James Bond book…
This is already the plot of Parable of the Shower by Octavia E Butler. It does not end well.
Modern day coal towns.
