Silicon valley night view wine glasses Peter Thoeny/Flickr

Beyond Silicon Valley

Once again, California’s Silicon Valley is confirming its status as a mecca of high-tech entrepreneurship and wealth creation. But it is not a model for job creation and inclusive growth that policymakers and entrepreneurs elsewhere can emulate – at least not without making some fundamental adjustments.

BERKELY – Once again, California’s Silicon Valley is confirming its status as a mecca of high-tech entrepreneurship and wealth creation. But it is not a model for job creation and inclusive growth that policymakers and entrepreneurs elsewhere can emulate – at least not without making some fundamental adjustments.

To be sure, what is happening in Silicon Valley today is nothing short of dazzling. Venture capital (VC) investment has reached near-record highs. Overnight millionaires – even billionaires – are proliferating. Twenty-something software coders are commanding six-figure salaries.

The boom has driven California’s economic recovery. And, along with courageous political leadership, it has enabled the state to escape from a seemingly hopeless fiscal crisis.

To continue reading, please log in or enter your email address.

Registration is quick and easy and requires only your email address. If you already have an account with us, please log in. Or subscribe now for unlimited access.

required

Log in

http://prosyn.org/usZQ8GH;