Silicon Valley Back In Business
from the not-so-good-for-traffic-or-housing-prices dept
This probably won't surprise anyone who lives around here based on highway traffic and home prices, but Silicon Valley is booming again, with a new study showing that jobs started growing again in 2005 after nearly half a decade of decline. The study just came out, but covers the job numbers in Silicon Valley from the second quarter of 2005 through the second quarter of 2006 -- and shows the first growth since a similar study in 2001. At the same time, the unemployment rate has dropped from 8% to a much more comfortable (unless you're hiring) 4%. So, for all the talk of yet another bubble, it's good news for the overall Silicon Valley economy... for now.
5 Comments | Leave a Comment..
- How Being More Open, Human And Awesome Can Save Anyone Worried About Making Money In Entertainment
- Evidence Shows That Megaupload Shutdown Had No Real Impact On Infringement
- DailyDirt: Anthropomorphizing Animals
- DailyDirt: Birds Do The Darndest Things
- iPhone Data Debunks Recording Industry's Report On How French Three Strikes Law Increased Sales





Reader Comments (rss)
(Flattened / Threaded)
Is this actually a good thing?
[ reply to this | link to this | view in thread ]
Re: Is this actually a good thing?
Silicon Valley's biotech industry, if it deserves to be called that, is a cluster of companies selling randomly generated "genome data" to customers. As insiders in genetics know, their claims of "accurate" data is dubious at best. Otherwise, more useful biotech companies researching new drugs or new crops are scattered about throughout the world.
[ reply to this | link to this | view in thread ]
Re: Is this actually a good thing?
That is not Tech. -- it's grunt work:)
Silicon valley is about chip companies making the new chips. Network companies making new network hardware. Software companies comming up with new ideas that haven't been though of, or implemented well.
[ reply to this | link to this | view in thread ]
The Dog Days of Silicon Valley
http://www.nicovideo.jp/watch?v=utv8ooOHBN6uk
[ reply to this | link to this | view in thread ]
In the finest tradition...
As to this being a "good" thing, I think that it could be considered a double edged sword. Yes it's a good thing that the job market is starting to raise demand for employees and the such, but as mentioned this puts a massive strain on the local broadband infrastructure.
Telecommuting would not be much better as again, bandwidth would drop to nil.
I don't know how to solve that problem other than de-centralizing the companies in silicon valley, but, then said companies incur different costs.
So rather than try and argue this, let's roll with the punches and see what happens.
[ reply to this | link to this | view in thread ]
Add Your Comment