Median income generally increases in areas with a high cost of living. In the San Francisco Bay Area the three largest cities and counties have median income going from $87,000 to $103,000.
Maybe when we're talking about the bottom 10% or 20% I'll care less but having lived in that situation where even one major would have wiped us out I think it's a pretty serious problem that's often overlooked or blamed away.
I'm doing fine now(yay getting out of gamedev) but I'm always shocked how few of my coworkers are aware that most people are just scraping by.
Oh look, a news story about people with full-time jobs having to sleep in cars.