Silicon Valley Expands Unevenly - InformationWeek

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Silicon Valley Expands Unevenly

Income inequality grows even in Silicon Valley, but there's no bubble ahead.

SANTA CLARA, Calif. — Silicon Valley's economy continued to expand in 2014 and is not approaching a bubble but does face serious issues with uneven distribution of wealth, poverty and an over-burdened infrastructure, according to the annual Silicon Valley Index.

"The nation's hottest economy is getting hotter," said Russell Hancock, the chief executive of Joint Venture Silicon Valley, the non-profit made up of public and private organizations in the region that publishes the report. "Is it all going to come crashing down on us? Our sense is its not," he said, citing the dotcom bubble that burst in 2001.

However, the latest index did underscore the region’s lack of affordable housing, a declining middle class, stagnating wages among the lowest earners and gender inequality among its problems.

(Image: Michael from San Jose via Wikimedia)

(Image: Michael from San Jose via Wikimedia)

Read the rest of the story on EE Times.

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Based in San Jose, Rick writes news and analysis about the electronics industry and the engineering profession for EE Times. He is the editor of the Android, Internet of Things, Wireless/Networking, and Medical Designlines. He joined EE Times in 1992 as a Hong Kong based ... View Full Bio

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Charlie Babcock
Charlie Babcock,
User Rank: Author
2/6/2015 | 12:18:21 AM
One measure: differences in school districts
One recurring concern is the unevenness of public education in the Silicon Valley. The heads of the valley's leading technology companies have called for an increased commitment to public education again and again but little has come of it. What school districts spend per pupil varies widely, along with what they can afford to pay teachers and spend on classrooms. It's a formula that minimizes the effectiveness of some schools in producing candidates to fill the white collar posts open to them.
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