Did Anyone Not Bail Out Of Silicon Valley?
from the wow dept
These numbers seem somewhat surprising. While it was clear that a lot of people bailed out on Silicon Valley or moved on to non-techie jobs after the bubble burst, it’s still shocking to learn that more than half of Silicon Valley workers left the area or the tech industry since 2000. Of course, the last laugh may be on those who left. Those who stuck around had their incomes rise, while those who moved on had their incomes stagnate.
Comments on “Did Anyone Not Bail Out Of Silicon Valley?”
You know better, Mike.
People who stuck around in the valley did so because they had jobs in the first place. If all the people who left had somehow been forced to stay, the valley would be full of homeless people.
The people who left now enjoy a higher standard of living in other jobs, while those who stayed in the valley are suffering plumetting property values for the houses they bought during the bubble… so who will have the last laugh?
Re: You know better, Mike.
Have you seen housing prices lately?
Re: Re: You know better, Mike.
They may set prices high, since they can’t afford to lose, but who is buying them? Other speculators. When will the party crash?
Re: Re: Re: You know better, Mike.
Everyone at Google is buying. 🙂
Seriously, I know four people who have bought houses in the valley in the last six months — and every one had to overbid the already ridiculous prices. Housing prices here are still insanely high.
Re: Re: Re:2 You know better, Mike.
And when Google goes down, the employees for the next hot new thing will become the next generation of the ponzi scheme.
The gambling life is there for people who want it, I suppose. Nice to be in a new job field where I’m not tied down by geography. 😉
Those who stuck around had their incomes rise? Maybe a few folks at the Googleplex, but I haven’t seen any evidence of that as a trend.
I certainly haven’t experienced it myself, and I stuck around — but just because I love it.
I had a job but I left.
I had a GREAT job, one that my current one doesn’t even come close to, but I left. I left because the schools SUCK and I could not in good conscience raise my kids there. The bottom line is that when I left the Valley for the East Coast, I immediately gave myself a $100K raise because I didn’t have to pay for private schools. Before, there was concern if school programs would continue. Now, my kids have to exclude stuff so they aren’t over-committed. Out here there aren’t Bridge School Benefits concerts cuz they aren’t needed. And the housing prices are sane because the tree huggers haven’t locked up all the land.
Re: I had a job but I left.
Don’t you miss the Cargill salt ponds of Milpitas, the kind with dead animals floating in it, producing a toxic cloud that made people in town evacuate indoors? Most places would go after Cargill, but in the Valley’s pro-capitalist culture, that’s just “business”.