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February 19, 2008
A city of two tales
Interesting juxtaposition of stories today on the latest economic development report card from Silicon Valley. Here is the Wall Street Journal, stressing the economic recovery of the area, in part due to more attention to alternative energy industries--Silicon Valley Continues On Economic Comeback:
Silicon Valley continued its economic revival last year by adding nearly 30,000 jobs and raising its median income levels, but the nation's technology capital is experiencing some instability as the national economy struggles.
And here is the story in the New York Times -- Silicon Valley Losing Middle-Wage Jobs:
Silicon Valley is in danger of creating its own digital divide.
The California region is losing its middle-class work force at a significant rate, according to an annual report that tracks the economic, social and environmental health of the region that is the nation’s technology heartland.
Note: both stories talk about the difficulty of middle-income workers in the area and about the economic vitality of the area, due in part to investments in "clean tech." So, you may want to read the report -- Silicon Valley Index -- for yourself.
Posted by Ken Jarboe at February 19, 2008 2:46 PM
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