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In a Post-COVID World Will Silicon Valley Remain the Top US Tech Hub

In a Post-COVID World Will Silicon Valley Remain the Top US Tech Hub
cmswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cmswire.com Daily Mail and Mail on Sunday newspapers.

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Big Tech is swallowing the rest of Silicon Valley


Big Tech is swallowing the rest of Silicon Valley
MarketWatch
2/22/2021
© Provided by MarketWatch
Silicon Valley’s deepening descent into wealth inequality is particularly stark when comparing Big Tech with the San Francisco Bay Area’s small businesses.
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Consider: While Alphabet Inc. is building at a breakneck pace Google’s parent company plans an 80-acre, mixed-use campus in downtown San Jose that will house 25,000 employees and hiring at a steady clip, the services industry in the valley lays in ruins. Jobs in that sector tumbled 41% in 2020 amid a wave of closures and scaled-back operations at restaurants, beauty salons, and mom-and-pop stores, while Big Tech added tech jobs. ....

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New data shows Silicon Valley's low-wage workforce hit hard by COVID-19 pandemic


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. ....

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Economic outlook 2021: Covid-19 casts a long and enduring shadow on Silicon Valley's economy

Economic outlook 2021: Covid-19 casts a long and enduring shadow on Silicon Valley's economy
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