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Scott Calvert

👤 Speaker
28 total appearances

Appearances Over Time

Podcast Appearances

WSJ What’s News
Paramount Goes Hostile in Fight for Warner Bros. Discovery

Yeah, well, the school district has been grappling with this problem of high teacher turnover for a long time.

WSJ What’s News
Paramount Goes Hostile in Fight for Warner Bros. Discovery

In any given year, about 20% of the teachers walk out the door.

WSJ What’s News
Paramount Goes Hostile in Fight for Warner Bros. Discovery

And one of the big reasons for that is the high cost of living.

WSJ What’s News
Paramount Goes Hostile in Fight for Warner Bros. Discovery

And a big reason for that is the incredibly expensive housing in the Monterey area.

WSJ What’s News
Paramount Goes Hostile in Fight for Warner Bros. Discovery

And so their thought was, well, we'll become a landlord.

WSJ What’s News
Paramount Goes Hostile in Fight for Warner Bros. Discovery

We'll provide the housing at a discount in hopes that that will stem the tide.

WSJ What’s News
Paramount Goes Hostile in Fight for Warner Bros. Discovery

No, it's really not.

WSJ What’s News
Paramount Goes Hostile in Fight for Warner Bros. Discovery

You see it in the context of all sorts of like municipal employees and police officers and firefighters who essentially have been priced out of the communities that they serve.

WSJ What’s News
Paramount Goes Hostile in Fight for Warner Bros. Discovery

I spoke to one teacher, Albert Platt, who talked to me about all of the benefits he sees as a result of offering the housing.

WSJ What’s News
Paramount Goes Hostile in Fight for Warner Bros. Discovery

Housing is just so expensive there.

WSJ What’s News
Paramount Goes Hostile in Fight for Warner Bros. Discovery

You have these teachers who are having to live with roommates or commute from an hour, hour and a half, two hours away.

WSJ What’s News
Paramount Goes Hostile in Fight for Warner Bros. Discovery

And so what they're deciding is, geez, you know, I can have my own place and not have this monster commute if I go work someplace else.

WSJ What’s News
Paramount Goes Hostile in Fight for Warner Bros. Discovery

Another factor in California is that, you know, these school districts have a lot of land and declining enrollment.

WSJ What’s News
Paramount Goes Hostile in Fight for Warner Bros. Discovery

And so a lot of them are electing to develop their own apartment complexes basically on district-owned land.

WSJ What’s News
Paramount Goes Hostile in Fight for Warner Bros. Discovery

One thing that people will say is this is a help, but it's very far from a panacea.

WSJ What’s News
Paramount Goes Hostile in Fight for Warner Bros. Discovery

Monterey, the teachers union, said this is great, but really we need to do a lot more in the area of salaries.

WSJ What’s News
Paramount Goes Hostile in Fight for Warner Bros. Discovery

There also are some concerns because the housing is tied to the job.

WSJ What’s News
Paramount Goes Hostile in Fight for Warner Bros. Discovery

So if you leave the district, you've got to move out.

WSJ What’s News
Paramount Goes Hostile in Fight for Warner Bros. Discovery

And, you know, some people don't necessarily like the idea of living amongst their colleagues.

WSJ What’s News
Paramount Goes Hostile in Fight for Warner Bros. Discovery

It may not be ideal for everybody.

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