Veronica Portas

CS312

Silicon Valley Jobs

Silicon Valley has suffered a lot of job loses throughout the years. Today the job market has increased and there are more jobs that seem to be stable, but it is still not as strong as it was before. According to Nicole C. Wong’s article Valley jobless rate tumbles meanwhile, more people enter local labor market, “The December payroll report showed 2,900 more jobs than a year ago.” The problem with this article is that it doesn’t seem to have any concrete numbers that would determine if in, deed Silicon Valley is rising again. To get more detail about what is happening right now in Silicon Valley the article The New Boom from Wired helps explain the increasing number of jobs in Silicon Valley.

In Wong’s article, she mentions that economists cannot rely on unemployment rates to see if the economy is doing better, because only a small group is surveyed about this. Economists believe that Silicon Valley will be doing better as time goes by because payroll reports show job growth is occurring in high tech. The only problem is that Silicon Valley does not want to experience another Bubble. Wired article The New Boom, explain how Silicon Valley is “roaring back to life”. The difference between the boom that is occurring now and a Bubble is that: “Bubbles are inflated with hot air and speculation. They end with a wet pop, leaving behind a messy splatter. Booms, on the other hand, tend to have strong foundations and a gentle conclusion. ” This doesn’t mean that bubbles leave horrible messes, bubbles can inspire new ideas.

According to both articles I read, Silicon Valley is doing much better with its job market. Although like the article from the book explains, people do get laid off from their jobs and have to suffer with that consequence. In my opinion it’s just the way the world work. People need to be laid off so new fresh people can come in with new ideas and help bring the company up to date on how the world is doing. I think that “Letter from Silicon Valley” was biased and was trying to get people to feel sorry for this group of people. But instead of just complaining about it, they should just do something. Writing a letter is effective to a point but to make any change you need a lot more people and more determination.

Sources:

Anderson Chris, The New Boom www.wired.com/wired/archive/14.02/boom.html

Wong Nicole C, Valley jobless rate tumbles meanwhile, more people enter local labor market. www.mercurynews.com/mld/mercurynews/business/technology/13678998.htm?source=rss&channel=mercurynews_technology