According to the New York Times, tech workers in San Francisco earning six-figure salaries, including those making $180,000 annually, are finding it increasingly difficult to compete financially with the emerging AI elite. The report indicates that as companies like OpenAI and Anthropic prepare for public offerings, these traditional tech workers are expressing concerns about their ability to remain in the city.
The NYT reports that some workers are questioning whether they can afford to continue living in San Francisco despite their substantial incomes. This financial strain is occurring even as these individuals earn salaries that would be considered high in most other markets. The anticipated IPOs of major AI companies appear to be contributing to an economic divide within the tech sector, with traditional tech workers feeling priced out by the wealth concentration in the AI industry.