SalemNews.com, Salem, MA

Nation/World

February 5, 2014

Silicon Valley economy back at dot-com era highs

(Continued)

Stephen Levy, who directs the Center for the Continuing Study of the California Economy, said middle wage earners such as nurses, police and plumbers who perform crucial services are being driven out while low-end earners receive stagnant wages.

Possible solutions include building more housing around transit hubs, improving collaboration between local governments, and engaging tech firms in community college initiatives to provide more job training.

In the report, Silicon Valley is defined as Santa Clara and San Mateo counties, Fremont, Newark, Union City and Scotts Valley. Hancock said those borders are shifting, and it may be appropriate to include San Francisco when it comes to transportation and other infrastructure in Silicon Valley.

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