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Tuesday, 05/21/2019 10:05:48 PM

Tuesday, May 21, 2019 10:05:48 PM

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GOOGL employees can no longer afford to pay rent in San Francisco. At a staff meeting earlier this year, one Google worker asked why Chief Executive Officer Sundar Pichai was paid hundreds of millions of dollars, while some employees struggle to afford to live in the area. Pichai said it has little control over the high cost of living, people familiar with the situation told Bloomberg at the time. 
The median rent in Mountain View almost doubled since late 2010 to $4,151 a month. That’s nearly triple the national average, according to Trulia. The median home value is $1.8 million, up from $750,000 ten years ago, according to Zillow. 
“We have rising rents. We have gentrification. We have people being displaced,” said Jennifer Loving, head of Destination: Home, a group that’s trying to reduce homelessness in Santa Clara County, home to Google and Mountain View. “All of that together is creating an untenable situation for thousands and thousands of families and individuals including lower paid Google employees who are trying to live and work here.”
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