You present an interesting dynamic, nin_sis. You have the older upper managers directing all of the worker ants who are doing their best to make a living and can’t afford to own a home on their average (if not low) wages. How long will they be content with long hours and long commutes, and not have any home or equity to show for it? A similar dynamic can be seen in other industries as well. I think one thing that ends up happening is that some (if not many) of these young, educated, hard-working folks try the SoCal thing for about 1-3 years or more and then just give up. Many end up moving to places like Arizona, Nevada, etc. or back to where they came from, so that they can start/raise a family and not go broke doing so.
I think that this further adds to the loss of the middle class in SoCal. There are mostly the haves and the have nots…and the have nots are in much greater numbers considering illegal immigration. No wonder why healthcare still thrives. People will always get sick or injured, no matter what demographic they are a part of. Who pays for their healthcare services, well, that’s another thread altogether.