What Fuels Silicon Valley?

Silicon Valley

By Olivia, Chloe and Flower

Silicon Valley, in the southern San Francisco Bay Area of California, is home to many start-up and global technology companies. Apple, Facebook and Google are among the most prominent. It’s also the site of technology-focused institutions centered around Palo Alto’s Stanford University.

Social:

1 – Frenetic pace. Everything is really fast paced compared to pretty much everywhere else besides NYC. Way faster than b-cities like Portland and Seattle and even other a-cities like Chicago.

2-Everyone works in tech. It’s a monoculture more so than most major US cities/areas. Those that don’t aspire to or are more technically savvy/advanced for their profession than most anywhere.

3-It’s super diverse and integrated. Unlike northeast cities and places like Chicago and Houston, ethnic minorities make up the majority of the top tier talent at major companies and are everywhere in the valley. It’s not like many other US cities where minorities primarily have working class jobs and are segregated from the white population.

Political:

Silicon Valley has long preferred to remain aloof from national politics, but the Trump era has altered that stance.

In recent months, tech luminaries have repeatedly clashed with the president, criticizing his executive order on Muslim immigration, his ban on transgender troops, his “many sides” equivocation on white supremacists and his Tuesday announcement that he was ending the Deferred Action for Childhood Arrivals program, which lets young undocumented immigrants remain in the country.

Economic:

Silicon Valley has the highest average high-tech salary in the United States at $144,800. Largely a result of the high technology sector, the San Jose-Sunnyvale-Santa Clara, CA Metropolitan Statistical Area has the most millionaires and the most billionaires in the United States per capita.

The world’s preeminent hub for technology, Silicon Valley is a byword for innovation. Today, it is home to the headquarters of many of the world’s largest high-tech corporations, including more than thirty businesses in the Fortune 1000 as well as thousands of promising startups.