2019 Index News Coverage

March 5, 2019 - (Watchdog) - More than half of Californians say they plan to leave as state leads U.S. in outmigration:Joint Venture Silicon Valley, which also studied the Bay Area’s outmigration patterns, found that workers are moving to Sacramento, Los Angeles, Seattle, Austin, and Portland for several reasons. More 

March 5, 2019 - (Silicon Valley Business Journal) -The $200K Club: Broadcom joins these Bay Area tech companies paying a typical employee top dollar:The Bay Area’s median household (not individual) income rose to an all-time high of $118,400 last year, Joint Venture Silicon Valley noted in its annual State of the Valley report. More

March 4, 2019 - (Silicon Valley Business Journal) These Silicon Valley professionals set to receive Latino Leadership awards:Latinos and Hispanics make up 25 percent of the Silicon Valley population, according to the latest report from Joint Venture Silicon Valley. More 

February 28, 2019 - (Silicon Valley Business Journal) - This is how far behind the Bay Area is running on its housing production goals: San Jose is on track to produce enough housing for its middle class … by 2080. More

February 27, 2019 - (KRON4) - Bay Area residents ditching high cost of living and moving away: With the median-priced home in the 9-county region at $775,000 dollars and over $1 million in San Jose, Joint Venture Silicon Valley found that slightly more people are moving out than moving in. More

February 22, 2019 - (Palo Alto Online) -Off Deadline: 'Unicorns,' 'angel investors' report should be expected/required reading: The annual "Silicon Valley Index" was unveiled Feb. 15 at an annual "State of the Valley" conference in San Jose — attended by more than 1,300 corporate leaders, government officials, media and citizen observers. The conference is sponsored by the industry-based Joint Venture Silicon Valley, which has published the Index early each year since 1995. More

February 21, 2019 - (Think Fremont) - 2019 state of the valley conference: a cross-sector collaboration to tackle our region’s challenges & opportunities: The annual State of the Valley Conference is typically anything but boring, and this year was no exception. The event featured a keynote by renowned presidential historian and biographer Jon Meacham and showcased a cadre of prolific speakers ranging from prominent politicians to urban-planning thought leaders to artificial intelligence experts. More

February 21, 2019 - (San Francisco Examiner) - Even while San Francisco’s economy is booming, people are restless to leave: Not everyone is choosing to stay in The City and Silicon Valley. San Francisco had a net domestic out-migration of residents as did most Silicon Valley counties, between July 2017 to July 2018, according to the Joint Venture 2019 report. More

February 21, 2019 - (Pakistan Defence) - China is the world's next Silicon Valley:It is also based on a growing feeling among tech entrepreneurs in the US that Silicon Valley may have heated up a little too much. Certainly, Russell Hancock, head of think tank Joint Venture Silicon Valley, recently told The Telegraph that “winter is coming”. More

February 20, 2019 - (Salon) -In the past year, Silicon Valley became even more dystopian, unequal: According to the 2019 Silicon Valley Index, an annual demography report published by a regional think tank, more people are fleeing the tech-spurred “Renaissance” than coming into it — and that is just one data point in an overall grim synopsis of the current state of Silicon Valley presented by the annual report. More

February 20, 2019 - (San Jose Inside) -Anna Eshoo Flip-Flops on Big Telecom Mergers; Extols Virtues of Sprint, T-Mobile Tie-Up: Silicon Valley Congresswoman Anna Eshoo, like many fellow Democrats, has duked it out before with high-tech and telecom giants over privacy, net neutrality and anti-competitive corporate takeovers. More

February 19, 2019 - (Curbed San Francisco) -Silicon Valley has the highest housing costs in the U.S.: It’s the best of time and the worst of times in Silicon Valley, at least according to Joint Venture Silicon Valley, a regional think-tank that issued its annual Silicon Valley Index last week. The report defines Silicon Valley as a broad region encompassing parts of Santa Clara, San Mateo, and Alameda Counties, ranging from Daly City to Union City to Gilroy to Scotts Valley. More

February 19, 2019 - (Valor Economico Brazil) - Too expensive, Silicon Valley loses talent: Speaking in Silicon Valley, California, is to think of a wonderful world of innovation, available venture capital, and quality of life in the sunniest state in the United States. But the reality for those who live in the region is much more for the cloudy and rainy weather of the last days. More

February 17, 2019 - (Daily Post) - Asians now outnumber whites in Valley, says a report on social and economic trends: Major themes in the 2019 Silicon Valley Index include a booming local economy with high incomes and full employment, increasing diversity, soaring cost of living and deepening income inequality. Residents are leaving for cheaper parts of California and other western states, and immigrants are largely replacing them. More

February 17, 2019 - (Mountain View Voice) -Report: Inequality on the rise in Silicon Valley:The 2019 Silicon Valley Index, which was released this week by Joint Venture Silicon Valley, paints a troubling picture of a region where home prices continue to skyrocket, where tech giants are voraciously gobbling up startups and where more people are leaving than coming in. More

February 16, 2019 - (KQED) -Silicon Valley's Economy Is Booming, But So Is the Traffic: Silicon Valley is booming, and with it comes new real estate development, higher salaries and more traffic, according to a new survey released on Friday. According to this year's economic survey from Joint Venture Silicon Valley, commute times have increased by more than 20 percent over the past 10 years, adding an additional 43 hours of driving time per commuter annually. More

February 15, 2019 - (Silicon Valley Business Journal) -Silicon Valley's picture is one of prosperity and contradictions: Who are we, anyway? That's an overarching question that hits you as you read through the 2019 Silicon Valley Index, the indispensable annual economic and societal survey of the region. The Index, the biggest annual project to come out of Joint Venture Silicon Valley, sheds crucial insights into the area's demographic makeup. More

February 15, 2019 - (Palo Alto Online) -Report: Inequality on the rise in Silicon Valley; Index of region highlights spiking housing costs, income gap: The 2019 Silicon Valley Index, which was released this week by Joint Venture Silicon Valley, paints a troubling picture of a region where home prices continue to skyrocket, where tech giants are voraciously gobbling up startups and where more people are leaving than coming in. More

February 15, 2019 - (Newsweek) - Opinion: China is the world's next Silicon Valley: Certainly, Russell Hancock, head of think tank Joint Venture Silicon Valley, recently told The Telegraph that “winter is coming”. The cost of living has shot through the roof in San Jose and there is a widespread fear US tech companies are soon to feel the sting of global regulation. More

February 15, 2019 - (Silicon Valley Business Journal) -The typical Facebook employee earns double Silicon Valley's median household income. How 50+ big tech employers compare: The median worker at Facebook earns more than $240,000 per year. That's more than three times what the typical worker at PayPal makes and still more than $40,000 per year what the median employee at Google parent Alphabet makes. More

February 15, 2019 - (Mercury News) -Silicon Valley economy offers mix of great, bad, and ugly: report: Silicon Valley’s economic boom has created a huge number of jobs and propelled regional wages to double the national level — but has also set in motion a housing crisis, brutal commutes and income disparity — according to an economic report formally presented at a conference on Friday. More

February 14, 2019 - (San Jose Inside) - Startups, Residents Flee Valley as Massive Companies Dominate: In addition to its perennial reminders of mounting housing costs and traffic woes, Joint Venture Silicon Valley’s latest health check on the local economy offers a fascinating look at where the region is heading. Joint Venture CEO Russell Hancock calls the report’s findings “something of a Rorschach test,” with plenty to cheer about—and as much cause to worry. More

February 14, 2019 - (Barron's) -Silicon Valley Has Nowhere to Grow: After a boom period of hiring the past seven years, Silicon Valley’s white-hot jobs market is cooling as the region nears full employment, housing costs reach dizzying heights, and major companies farm out jobs to less-costly places. Those are some of the high-level takeaways from 2019 Silicon Valley Index, an annual dissection of the economic state of the valley. More

February 14, 2019 - (Mercury News) -Quest to leave Bay Area’s high prices and traffic grows: An annual study released Wednesday by Joint Venture Silicon Valley confirms the steady migration away from the region. Silicon Valley gained roughly 20,500 foreign immigrants last year, while 22,300 residents moved to other regions and states. More

February 14, 2019 - (Bend Bulletin) - Silicon Valley job market slows: In 2018, Silicon Valley added 35,600 jobs, compared with a gain of 47,300 jobs in 2017, a report from Joint Venture Silicon Valley determined. More

February 13, 2019 - (ChinaQW.com) - Survey: Silicon Valley female employees are mostly economically independent due to immigration skills: Female immigrant employees from India or China are the majority in some areas of Silicon Valley, and are often the only women in the male-dominated team of technology companies who have a higher rate of marriage and birth than female colleagues born in the United States. More

February 13, 2019 -(Silicon Valley Business Journal) -How Big Tech's hunger bites Silicon Valley's innovation economy: Silicon Valley — we think about it as the capital of innovation,” said Russell Hancock, president and CEO of regional think-tank Joint Venture Silicon Valley, which on Wednesday released its annual report. "Innovation is starting to change, it's starting to take on a new character.” More

February 13, 2019 - (Bay Area News Group) - Job market in Silicon Valley slows as region reaches full employment: steady job growth is remarkable, according to Russell Hancock, president of Joint Venture Silicon Valley. “Silicon Valley is like one of those black bumblebees with the really big body and really tiny wings,” Hancock said. “Engineers say it just can’t fly, yet somehow it does continue to fly. It defies logic and it defies reason.” More

February 13, 2019 - (CNET News) -Silicon Valley Index shows the misery and triumph of the world's tech capital: Valley Index shows the misery and triumph of the world's tech capital:"We're a massively dysfunctional region," said Russell Hancock, president and CEO of Joint Venture Silicon Valley. More 

February 13, 2019 - (San Jose Spotlight) -Growing inequality: A look at the 2019 Silicon Valley Index: As big tech’s grip on Silicon Valley strengthens, the gap between the rich and the poor widens. More

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