Silicon Valley Back In Business
from the not-so-good-for-traffic-or-housing-prices dept
This probably won't surprise anyone who lives around here based on highway traffic and home prices, but Silicon Valley is booming again, with a new study showing that jobs started growing again in 2005 after nearly half a decade of decline. The study just came out, but covers the job numbers in Silicon Valley from the second quarter of 2005 through the second quarter of 2006 -- and shows the first growth since a similar study in 2001. At the same time, the unemployment rate has dropped from 8% to a much more comfortable (unless you're hiring) 4%. So, for all the talk of yet another bubble, it's good news for the overall Silicon Valley economy... for now.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.
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Is this actually a good thing?
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Re: Is this actually a good thing?
Silicon Valley's biotech industry, if it deserves to be called that, is a cluster of companies selling randomly generated "genome data" to customers. As insiders in genetics know, their claims of "accurate" data is dubious at best. Otherwise, more useful biotech companies researching new drugs or new crops are scattered about throughout the world.
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Re: Is this actually a good thing?
That is not Tech. -- it's grunt work:)
Silicon valley is about chip companies making the new chips. Network companies making new network hardware. Software companies comming up with new ideas that haven't been though of, or implemented well.
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The Dog Days of Silicon Valley
http://www.nicovideo.jp/watch?v=utv8ooOHBN6uk
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In the finest tradition...
As to this being a "good" thing, I think that it could be considered a double edged sword. Yes it's a good thing that the job market is starting to raise demand for employees and the such, but as mentioned this puts a massive strain on the local broadband infrastructure.
Telecommuting would not be much better as again, bandwidth would drop to nil.
I don't know how to solve that problem other than de-centralizing the companies in silicon valley, but, then said companies incur different costs.
So rather than try and argue this, let's roll with the punches and see what happens.
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