Laura Morton | Wild West Tech
Country of origin: United States
Project location: United States
Program: Magnum Foundation Fund
The tech boom in San Francisco had led to an influx of new money, but the wealth hasn’t been spread equally. Now, the city represents one of the fastest growing examples of income inequality between rich and poor. Laura Morton will document how the recent acquisition of wealth has affected all strata of San Francisco society, creating enormous fortunes for some even as it puts a strain on longtime residents who have seen their rents increase and their incomes stagnate in a city they see as turning into a one-industry town. In between, there are the dreamers, those who flock to the city hoping to make from one tier to the next.