The concentration of wealthy people in San Francisco is higher than in any other American citiy. When Google went public, among its employees it revealed 1000 of its millionaire employees, and when Twitter entered the stock market went, its list included 1600 people. In addition, such companies as Facebook, Google and LinkedIn find themselves among the top ten American companies where interns earn the most in the country – according to Glassdore study service their salaries are 50% higher than the average salary in the US. The new economy definitely changed the life of San Francisco: now people don’t come here to make art, but to build the career and launch revolutionary startups.
The unemployment rate in San Francisco falls steadily in the past few years and now stands still at just 4.4%: it is a few points lower than in the US on average. Tech companies create nearly a quarter of new jobs in San Francisco. But the city’s economy depends not only on the technology sector: the tourism industry and finance continued to play a significant role.
But to understand what the life of common people in San Francisco may look like is to find real stories, just like the one of Manny Cardenas – Google parking guard, receiving a salary of 1400 dollars per month. According to him, this money is barely enough for expenses and then to feed the little daughter. The guard also said that he feels like an outsider in the famous company: he does not have any privileges that the most part of skilled workers enjoys, and he is not even allowed to take a few snacks for the daughter from Google’s cafés. Anyone who in the 1960s was able to work in a factory in one of the industrial areas of the city, after the transfer of production to Asia has to work for large networks like Starbucks or food chains. Some professions are disappearing because of the constantly evolving technologies.
In the atmosphere of wealth from one side and shortage of money from the other, the demand for payday loans still remains to be high. Payday loans locations in San Francisco remain unchanged despite the real estate beating one record after another. Gordon Matthews says he had to leave his job at one of the local convention centers because of ticketing automation and replacement of manual labour with complex machinery. And when he had to undergo surgery, his insurance didn’t cover it fully. So he had no other option but to get a payday loan. The people looking for quick cash in San Francisco CA tend to be more active by 4% at brick and mortar loan shops. As for the web sources, the amount of traffic on such keyword groups as South San Francisco payroll advance had gone to 53,000 queries per month, while according to the heatmaps, ZIP areas of 94104, 94102 and 94080 tend to show the most interest for quick cash borrowing. If you are looking for affordable cash loans, you should better pay attention to loan trustworthy payday loan aggregators, gathering a variety of offers under one roof.