By Gerry Shih : reuters.com – excerpt
…””The tech industry is producing all the jobs in this city,” Conway snapped, according to four people present, his voice rising as he insisted that old-line businesses “need to get on board (by changing the tax code to favor the new technologies).”
In the end, they did get on board — and San Francisco voters on November 6 will decide whether to approve the change in the tax code…
Not everyone in this famously liberal city is enthused about the new tech boom, which is driving up rents and threatening to price out all but the wealthy.
“As someone who lived through the tech boom in the ’90s and watched countless friends and community members get pushed out of their homes, only for the bubble to disintegrate, this is painful to watch,” said Gabriel Haaland, political director for the SEIU Local 1021, the largest union in the city. “Those times are here again.”
Last month, when San Francisco Magazine published an article bemoaning tech-driven gentrification, traffic on the magazine’s website broke all records.
“It touched on an issue that people have been thinking about for a while,” said Jon Steinberg, the magazine’s editor…
In one instance this year, after social media company Pinterest moved to San Francisco, Conway pressed officials to repaint curbs to allow employee parking near the start-up’s offices, according to two people with knowledge of the matter. The city refused; Conway denied that the incident occurred… (more)