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Silicon Valley continues losing people as costs rise, report says – Source CNET Tech

Silicon Valley

Silicon Valley is seeing employment growth amid rising costs.

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Silicon Valley is seeing employment growth and a record number of megadeals, but it’s coming at rising costs — especially when it comes to housing and income inequality, according to a Wednesday report by Joint Venture Silicon Valley. For the third year in a row, more people are leaving the area than are coming in, the report says. 

“The granularity of migration data in this year’s Index is eye opening – we’re essentially turning over our
population by nearly 5% every year, with the influx of foreign immigrants increasing our region’s diversity and tech talent base,” Rachel Massaro, Joint Venture vice president and director of research for the…

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Source CNET Tech

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