Silicon Valley’s economy is waiting to see how recent changes like remote work culture and the slowdown of pandemic-driven booms in the tech sector play out, according to a new regional report.
Even with that in play, the most consistent indicators show Silicon Valley is still a place of drastic divides, with gaps between the haves and have nots widening and worsening racial disparities in earnings and housing options.
Joint Venture Silicon Valley, an organization that researches trends in the area, is releasing its annual Silicon Valley Index, a high-level overview of the region’s economy and health in the past year. The report defines Silicon Valley as Santa Clara and San Mateo counties, plus Fremont, Newark and Union City in Alameda County and Scotts Valley in Santa Cruz County.
“If you live in Silicon Valley, you should never get overly euphoric during the boom, and you should never get over despondent during the bust,”…
