Posted on 09/18/2018 8:22:55 AM PDT by SeekAndFind
“LIKE Florence in the Renaissance.” That is a common description of what it is like to live in Silicon Valley. America’s technology capital has an outsize influence on the world’s economy, stockmarkets and culture. This small portion of land running from San Jose to San Francisco is home to three of the world’s five most valuable companies. Giants such as Apple, Facebook, Google and Netflix all claim Silicon Valley as their birthplace and home, as do trailblazers such as Airbnb, Tesla and Uber. The Bay Area has the 19th-largest economy in the world, ranking above Switzerland and Saudi Arabia.
The Valley is not just a place. It is also an idea. Ever since Bill Hewlett and David Packard set up in a garage nearly 80 years ago, it has been a byword for innovation and ingenuity. It has been at the centre of several cycles of Schumpeterian destruction and regeneration, in silicon chips, personal computers, software and internet services. Some of its inventions have been ludicrous: internet-connected teapots, or an app that sold people coins to use at laundromats. But others are world-beaters: microprocessor chips, databases and smartphones all trace their lineage to the Valley.
Its combination of engineering expertise, thriving business networks, deep pools of capital, strong universities and a risk-taking culture have made the Valley impossible to clone, despite many attempts to do so. There is no credible rival for its position as the world’s pre-eminent innovation hub. But there are signs that the Valley’s influence is peaking. If that were simply a symptom of much greater innovation elsewhere, it would be cause for cheer. The truth is unhappier.
(Excerpt) Read more at economist.com ...
“Silicon Valley is moving to China and the far East.”
That’s simply not true!
“The Valley does many things remarkably well, but it comes dangerously close to being a monoculture of white male nerds. “
The “white male nerds” are mostly driven by Jewish overlords! You will find that nearly all the big SV companies have Jewish CEOs and the like. Years ago,I worked for a Fiber to the home company in the Valley. Our “chief optical physics” guy was a struggling Jew from Allentown, PA ( Bell Labs). Today he’s a billionaire having started his own company after leaving ours.
In Raleigh North Carolina, not far from the Research Triangle, the average Software Developer’s salary is about $100,000
See here:
https://www.glassdoor.com/Salaries/raleigh-software-engineer-salary-SRCH_IL.0,7_IM714_KO8,25.htm
The average house prices near Raleigh is about $265,000. See here:
https://www.zillow.com/raleigh-nc/home-values/
If your daughter and husband combined are making $450,000 in Silicon Valley and starters are about $2,000,000, I wonder if they could do better in Raleigh...
Hold on, bub. Will these people bring a leftist mind set with them? If so, the jobs and the house are no longer available in NC. Have a nice day. Oh, and stay out of VA.
No doubt they’d fare better in the RDU area, cost of living is generally a quarter of Silicon Valley, but the pay differential isn’t as large as that. Problem is, the husbands work ties him to there. NC once had a fairly rapidly growing film industry centered upon Wilmington, but that has faded as the state subsidies for it dried up.
“I, for one, hope that some gender equality happens in the modeling industry. Male models make about 25% of what female models make. That’s got to stop.”
Absolutely, as a 74 year old white haired male I think it is absurd that some skinny young girl can make a ton of money posing for a camera and nobody wants to take my picture even for free. It ain’t right!! Maybe I should learn to lisp and get some tats and a really weird hair style hmmmmm, let me think on that some. Maybe some shiny, skintight plastic jeans.
Tell that woman with the big income that for one year of her gross I will sell her eight acres with frontage on a beautiful small river on the North, two streets on the South and East sides, a blueberry orchard, a huge overhead arbor covered with Scuppernong grapes, two other Muscadine grape arbors, Crepe Myrtle trees, white and red Oaks, Azaleas by the dozen, huge Camelias, Wisteria, Cypress, trust me it’s gorgeous but I am getting too old to maintain it. I will throw in a Terramite backhoe loader, a 48 inch John Deere riding mower, a Kubota compact tractor, a 15 foot canoe and two handmade paddles and a few other items. She can work at home by internet. If she wants to see the ocean it’s only about seventy miles to Myrtle Beach.
That sounds awesome. She’ll never leave though, she grew up in Piedmont, CA, that’s the world to her. Her husband’s business couldn’t survive there, either. My answer is rent until the bubble pops, then take a deep breath and buy while there’s blood in the streets, so they’re insulated against the next bubble. The laws out there are such that they practically guarantee boom and bust in real estate, it’s been going on since at least the 90’s. Get in on the bottom, make out like a bandit. Buy at the top like an idiot, get ruined.
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