Silicon Valley Folks Still Living The Good Life
from the not-worried-yet dept
Even with all this talk of downturns, recessions, and layoffs, it seems that plenty of people in Silicon Valley are doing just fine. It's still tricky (12 month wait) to buy a BMW. Expensive houses are still being built. Golf courses are busy. Pilot training classes are busy. While there are certainly a lot more people out of work than there were before, and fewer jobs available, many people who made a lot of money have cashed out - or haven't lost all that much (in the grand scheme of things). Others are just optimistic that things really aren't that bad (those people might just be in denial, though). So, for the super rich, they have no problems waiting out the downturn, and are probably happy that the traffic problems will get better as the "riff raff" common-folk are driven from the area.
Thank you for reading this Techdirt post. With so many things competing for everyone’s attention these days, we really appreciate you giving us your time. We work hard every day to put quality content out there for our community.
Techdirt is one of the few remaining truly independent media outlets. We do not have a giant corporation behind us, and we rely heavily on our community to support us, in an age when advertisers are increasingly uninterested in sponsoring small, independent sites — especially a site like ours that is unwilling to pull punches in its reporting and analysis.
While other websites have resorted to paywalls, registration requirements, and increasingly annoying/intrusive advertising, we have always kept Techdirt open and available to anyone. But in order to continue doing so, we need your support. We offer a variety of ways for our readers to support us, from direct donations to special subscriptions and cool merchandise — and every little bit helps. Thank you.
–The Techdirt Team
Reader Comments
Subscribe: RSS
View by: Time | Thread
Hmm...
[ link to this | view in chronology ]