How big tech can help save the country’s housing market, as well as its companies, from its own housing collapse.
Here are some of the ways it can help: 1.
Reduce costs.
The tech industry has long faced criticism over how it handles costs for its products and services.
But with the rise of the smartphone, it has made significant strides in its costs, including by lowering the prices of its products to the point where some have been priced at or below their original retail prices.
The price reductions in smartphones have led to a slowdown in the cost of many tech services.
The biggest price cut was for Amazon, which reduced its prices for books and movies by 20% on Wednesday.
2.
Provide affordable housing.
The housing crisis has created a shortage of affordable housing, which can be an even bigger problem for the tech sector.
According to the American Housing Survey, only 3% of housing units are in high-need areas, compared with more than 40% in areas like Silicon Valley, where the tech companies are located.
As a result, the housing market in Silicon Valley is increasingly skewed toward tech companies, which means that they can easily afford to relocate.
3.
Build more jobs.
The rise of robots has also meant that a large portion of the jobs created by tech companies have not gone to American workers.
But a recent report by McKinsey & Company shows that American workers earn only slightly more than their counterparts in the rest of the developed world.
In Silicon Valley and other cities that are dominated by tech firms, that gap has narrowed, allowing workers in those areas to afford more expensive housing and higher rents.
4.
Provide more affordable housing in places that are already full.
The cost of housing in many of the tech hubs is so high that the companies that have their headquarters in them are likely to end up providing some of their employees with the cheapest housing possible.
The new homes that the tech giants are building in these hubs are in a location that is already filled with other families.
That creates an incentive for companies to build more homes, so that they will be able to provide a greater number of affordable homes for the people who need them.
5.
Provide cheaper health care.
A report released last year by the McKinsey Global Institute found that the health care costs of Silicon Valley companies are roughly 25% higher than those in the surrounding communities, and they also face higher rates of obesity, diabetes, heart disease, high blood pressure and high cholesterol.
According a report from McKinsey, the tech firms are not doing enough to make the costs of their products and service more affordable for the employees who work there.
The McKinsey report recommends that companies develop a new, more accessible health plan, including a price-match program, which would lower the prices that tech firms charge for their products.
6.
Provide better childcare.
The childcare sector is one of the biggest sources of income for tech workers, and one of their biggest sources is from their companies.
In some cases, parents in Silicon Bay Area families earn more than $100,000 per year.
But the Bay Area also has a huge number of companies that offer more flexible and flexible childcare plans that can be adjusted to meet their families’ needs.
The most popular of these plans are called Parental Leave, which allows parents to take leave to care for a child with special needs, or Childcare Plus, which provides childcare for employees who want to take on new jobs and/or to provide childcare for family members.
7.
Improve access to health care in communities with the most expensive housing.
According the McKinseys report, tech firms face challenges in accessing affordable housing for their workers, including lower than expected costs for housing and healthcare.
As part of a plan to help the tech industry address the problem, the companies are developing a pilot program to provide discounted rent for tech employees who need to move.
The program is being offered to employees who have lived in their company’s facilities for at least two years.
The pilot program is expected to be rolled out over the next year.
8.
Reduce the number of homeless people in the country.
The U.S. has the highest number of people in poverty in the world, and it has been getting worse since the 1970s, according to the National Low Income Housing Coalition.
The problem of homelessness is particularly acute in Silicon County, where there are more than 700 homeless people per 100,000 residents, according the San Francisco Chronicle.
A recent report from the San Jose, Calif.-based nonprofit, which has been tracking homelessness issues in Silicon valley, found that over 1,000 people were sleeping on the streets of San Jose alone in 2016, and another 10,000 were sleeping in the county’s Central Valley.
Some of these people are in the tech community, which is largely made up of young people who may not be financially secure, but are not without the financial resources to make ends meet.
The solution is not just for the big companies that provide tech jobs to the Bay area, but