“The reason the situation has gotten worse is simple enough to understand, even if it defies easy solution: A toxic combo of slow wage growth and skyrocketing rents has put housing out of reach for a greater number of people.” If you live in one of America’s richest cities, the reality of that quote is plainly visible. These are the sharply contrasting fortunes of families living in places where the streets are paved in gold, but covered by tents. Bloomberg: The Homeless Crisis Is Getting Worse in America’s Richest Cities.

+ The Bay Area is ground zero for this growing divide. Here’s the latest example of the problem from The Mercury News: Silicon Valley wages have dropped for all except highest-paying jobs. “Nine out of every 10 Silicon Valley jobs pays less now than when Netflix first launched in 1997, despite one of the nation’s strongest economic booms and a historically low unemployment rate that outpaces the national average.”