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…
Source CNET Tech