While the rest of the world struggles out of the mire of recession, Silicon Valley is skipping towards a rosy sunset and cashing its generous pay cheques. More so than ever in fact — because a report suggests job growth in the Valley now matches the dot-com boom era. Uh, yay?
The 2013 Silicon Valley Index found that employment growth in the region has returned to levels last seen in the late 1990s. In 2012, 46 per cent of the Bay Area's 92,000 new jobs were found in Silicon Valley — and it boasted a growth rate of 3.6 per cent compared to the state average of 1.7 per cent. Joint Venture Silicon Valley president Russell Hancock says:
"This is prodigious job creation. The growth is crazy and it's getting crazier."
So, that's either thrilling or terrifying depending on your perspective. Of course, this time it'll be more sustainable than back in the '90s, right? Right. Of course. [Mercury News]
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