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Monday, January 31, 2005
(via Silicon valley watcher) Human stories illustrate the economic disparities that characterize Silicon Valley as the region struggles to bounce back By the numbers, the economy is getting better and worse -- depending on who you are. Silicon Valley has developed two separate economies that have drifted further apart ever since the dot-com bubble burst in 2000.In the valley's technology economy, profits, revenues and average pay are up dramatically. But fewer people are sharing in the good fortune because tech companies are doing more with less - they have cut tens of thousands of jobs and continue to do so, boosting the productivity of their remaining workers. Guys - Generally speaking -isn't this true of all places?
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