|Updated: 11/24/2005; 11:34:28 PM.
Data network connectivity developments, networking business news, and related computing items.
Wednesday, October 27, 2004
JointVenture's Index of Silicon Valley: In depth assessment of the economy and quality of life in the valley. Some highlights:
- has lost 15% of the jobs it had at the peak in 2000, down to 1996-97 levels
- average pay has dropped about 20% from 2000 levels, back to 1998 levels after three consecutive years of decline
- still has a much higher concentration of innovation and high-paying jobs than the US average
- per-capita income remains stable and very high compared to the US average ($53k vs $32k)
- value added per employee never dropped, is now $188k vs the US average $88k
- household income dropped more for high income than median, and both are still above 1998 levels (80th pctl is $150k down from $160k, median is $85k, 20th pctl is $45k vs $28k national)
- 26% households can afford the median home, compared to 41% in 1994 and 56% nationally today
- commercial rents have fallen to levels below 1998's, dropping 2x-3x from 2000 peaks
- venture capital funding has dropped 6x, back to 1998 levels (under $6B/yr)
- 15% of people are obese compared to 20% nationally
Most data ends full year 2002, some 2003. [Found from John Furrier's blog. Thanks John!] 10:18:13 PM
Copyright 2005 © Ken Novak.
Last update: 11/24/2005; 11:34:28 PM.