Bay Area, Silicon Valley boom will continue, housing woes will worsen: economist


  • TECH
  • Monday, 04 Jun 2018

Mountain View, Calif., home of Google, is joining other tech centers in pondering new taxes based on employer headcounts -- levies that could jolt Apple and Google -- but if voters endorse the plans, a fresh wave of such measures may roll toward other corporate coffers. (Dreamstime/TNS)

SAN JOSE: Silicon Valley will remain a boomtown for the foreseeable future, helping to spur a strong economy throughout the Bay Area, but the region's surge will exacerbate housing and traffic woes locally, economic and political experts warned. 

Those rosy and forbidding assessments emerged during a San Jose State University economic summit, whose headline speakers insisted that a housing boom is needed to help offset negative side effects of the remarkable economic and tech boom in the Bay Area. 

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Tech News

TSMC's Taipei-listed shares slide around 6% after Q1 results
Gen Z and Millennials spend more on streaming than older generations
Netflix to stop reporting subscriber tally as streaming wars cool
Google consolidates its DeepMind and Research teams amid AI push
US power, tech companies lament snags in meeting AI energy needs
Meta releases early versions of its Llama 3 AI model
Exclusive-Microsoft's OpenAI partnership could face EU antitrust probe, sources say
Seeking edge over rivals, Intel first to assemble ASML's next-gen chip tool
TSMC estimates losses of $92.4 million due to Taiwan earthquake
Exclusive-Northrop Grumman working with Musk's SpaceX on U.S. spy satellite system

Others Also Read