February 15, 2023 - Silicon Valley is perched on solid ground despite growing income and wealth divides, persistent racial inequities, and a dwindling population, according to the 2023 Silicon Valley Index. The Index shows that population declined by tens of thousands, home prices rose by 7%, childcare costs rose twice as quickly as inflation, and wages were inadequate for the rising cost of living. “We see hundreds of thousands of meals required of our region’s food bank, and childcare cost rising twice as quickly as everything else,” said Rachel Massaro, Director of Research for the Institute.
Learn more about the Silicon Valley Index online at www.siliconvalleyindicators.org.
