In this week s community briefs, the city of Menlo Park will provide updates to its 2023-31 Housing Element, and Joint Venture Silicon Valley hosts a conference on the economic state of the Valley.
Some tech workers are leaving San Francisco. They won’t be missed MarketWatch 2/22/2021
THERESE POLETTI S TECH TALES
The post-recession tech boom in San Francisco appears to be reaching some form of an ending. Thank goodness.
Popular Searches
San Francisco is a boom-and-bust town, ever since its first real population surge, the Gold Rush of 1849. And just as some of the transient miners who trounced upon San Francisco en route to the Sierra foothills eventually left, some tech workers are finding the exits. However, instead of a tech exodus from the city and Silicon Valley that has been described by some media, it’s a lot more like letting excess air out of over-inflated tires for the past few years, San Francisco has needed some breathing room.
SILICON VALLEY, Calif. (KGO) In a little more than three weeks, we will hit one year since the Bay Area went into pandemic lockdown.
The nearly year-long pandemic has hammered Silicon Valley, creating new problems and making existing ones worse. The analysis contained in Joint Venture s new Silicon Valley Index points out, for example, that unemployment brushed close to 12 percent, worse than during the 2008 recession and the dot-com bust. It was upwards of 30 percent for some segments of our population, particularly those who were earning poverty wages, said Rachel Massaro, research director at Joint Venture Silicon Valley s Institute for Regional Studies.