The stockbased compensation was even much smaller than Central Market and the shift to growth receipts, at the time, we projected, you know, 1500 to 2,000 jobs might have been created as a result of that switch after it phasedin after 20 years, and we still have a payroll tax that is 25 of what it was and we only just finished phasing it in. I would say those three proposals, which i would agree are the three biggest things this city has done probably had relatively little impact on most of what we are talking about what have happened had we taken those policies or not. Thank you. Just to clarify, i was asking what your assessment was on the impact, not on the Overall Economic growth of San Francisco over the past 15 years, but just astounding growth of the tech sector. You said by more than 500 . That has taken our economy to the point where they are dominating the economy at this point. Do you feel like these tax breaks and the tax changes were really directly or indirectly on target
Talking about simply wasnt that great. Okay. I appreciate that. I had a followup question. Were the other sectors of our economy, nontech sectors that had a converse experience during this period . In other words, other sectors that did not benefit as much from tax breaks or tax policy that we enacted, and also, as a result they have seen a declining role in our economy. One of the features that we had seen kind of consistently yearoveryear this decade is essentially every sector of the citys economy adding jobs, even up to the most recent years, but the tech sector, and in the last couple of years, construction, growing much faster then the rest. We have seen the tech sector this trend is showing it growing three times faster then the rest of the economy, but one of the things that is interesting, it hasnt led to the absolute loss of jobs in other sectors. Even sectors that had historically been fairly weak in San Francisco like the manufacturing sector, have grown this decade and ret
To the size of the economic changes that we saw. I think that is my only reason for being hesitant in saying it probably wasnt that because the amount of tax savings were talking about simply wasnt that great. Okay. I appreciate that. I had a followup question. Were the other sectors of our economy, nontech sectors that had a converse experience during this period . In other words, other sectors that did not benefit as much from tax breaks or tax policy that we enacted, and also, as a result they have seen a declining role in our economy. One of the features that we had seen kind of consistently yearoveryear this decade is essentially every sector of the citys economy adding jobs, even up to the most recent years, but the tech sector, and in the last couple of years, construction, growing much faster then the rest. We have seen the tech sector this trend is showing it growing three times faster then the rest of the economy, but one of the things that is interesting, it hasnt led to the
Related schemes, might be used for the common good of all the people of our city and its environment. Thank you for your work on this important matter. Thank you. Next speaker. Hello, supervisors. I am a pastor at First Mennonite Church of San Francisco and i live in the mission. Im also a leader with faith in action. This sunday, i am preaching from the book of amos, and you are welcome to come, everyone is welcome to come, where the prophet gives warning to those who trample on the needy and bring ruin to the poor. He is mad because the wealthy are turning everything into a commodity and using false measures to turn a profit. As a pastor in San Francisco, it is sadly quite easy to make the connections to what is happening today. In a way, it has been happening here since the 17 hundreds, way more than three decades ago. It has been happening to those who are not in the owning class. First in the name of the Spanish Mission to exploit the people inland, then in the name of the United