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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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