Tech Jobs in Bay Area Surpass Dot-Com Era's Peak

San Jose Mercury News ^ | 08/17/2016 | George Avalos

[nickcarraway]

The Bay Area now has a record number of technology jobs that surpasses even the peak of the dot-com years, a surge fueled by a hiring binge over the past four years.

And despite worries about a potential slowdown, experts are saying a "Tech Bubble 2.0" doesn't appear to be on the horizon.

The Bay Area now has 746,100 technology jobs, topping the record set during the dot-com era by 21,000 jobs, according to this newspaper's analysis of Employment Development Department statistics for the nine-county region.

While the surge has brought more jobs, it also has added to the region's housing and traffic woes, prompting some experts to warn that the expensive cost of living and transportation snarls could imperil the remarkable economic expansion in Silicon Valley and its nearby outposts.

Google’s new logo near the Googleplex is seen on Charleston Road in Mountain View on Sept. 1, 2015. Google's new logo near the Googleplex is seen on Charleston Road in Mountain View on Sept. 1, 2015. (Nhat V. Meyer/Bay Area News Group) "We are creating all kinds of tech jobs, but at the same time we are nowhere near to solving all the housing and traffic problems," said Russell Hancock, president of San Jose-based Joint Venture Silicon Valley, a private-public partnership.

[dp0622]

Boy, now i feel like even more of a loser!

[Cowboy Bob]

How many of these jobs are filled by US citizens?

[deek69]

It is interesting that the article omitted average wages. Sounds like they are hiring, just not form the states

[faithhopecharity]

yes and no

you can have SUPER qualifications and excellent work experience and all the rest, but you need VERY NARROW AND SPECIFIC programming skills to get most of these jobs

some Americans get hired, and LOTS of foreigners are brought in for many of these jobs .. MANY of them! you can see this in the neighborhood demographics alone, but there have been published reports and its an extremely well known fact, too

mostly from Communist China and some also from India, etc.

the story (especially in the Murky Newz, they’re infamous for parroting the large corporate line about matters like the big companies’ mass-scale hiring of foreigners....)

ALSO NOTE that MANY of our jobs, including LOTS of programming jobs, are sent overseas by the big corporations....to field offices or contractors or slave lavor camps or gulags (sorry about that, we do hear about Apple and others, tho)....
in Communist China, in India, in VietNam now and Korea too

the job picture in SillyCon Valley is, at least to a major degree, still a Silly Con. So sorry to have to say

[mazda77]

Meanwhile, in other news:

Cisco’s Layoffs Are Just the Tip of the Spear for Tech
http://fortune.com/2016/08/18/expect-more-tech-layoffs/

[SkyPilot]

Great.......Now everyone will need an income of over $300,000 per year (instead of the current requirement of $250k/yr) in order to afford a lousy two bedroom apartment and live there. I wonder when an earthquake is going to happen and swallow Soddom and Gomorrah into the sea.

[snippy_about_it]

Let’s see, I just read an article from Market Watch that says the economy is doing great, wages are up and there is job growth, and now this article. Me thinks the media is trying to sell snake oil to the masses.

[wally_bert]

Boatloads of H1B’s will be ready to take over.

[cp124]

All producing products we don’t need to live, meanwhile industries that produce real products to make life better are leaving or dying. I can do without some stupid app that tells me when to change my underwear or some social media crap. If you are on Facebook or Twitter you might as well send a contribution to the DNC.