| http://dbpedia.org/ontology/abstract
|
Economic conditions in Silicon Valley have … Economic conditions in Silicon Valley have led to categorization of the region as an hourglass economy, a type of socioeconomic phenomenon that favors the disproportionate growth of the upper and lower classes with comparatively weak development of the middle class. This economy is typically a characteristic of highly developed nations and regions that experience a steady influx of capital, invest heavily in research and development, and have a high cost of living. Since 2010, median wages for lower-skilled occupations like those in construction, transportation, and service industries have declined in Silicon Valley, while the share of high-income households has risen by nearly 10 percentage points. As of February 2018, nearly a third of households in the region earn less than the self-sufficiency standard, the income needed to cover basic expenses without private or public assistance. Income inequality has been compounded by the rise of housing costs and a shortage of affordable housing in markets such as San Francisco. Recent reports indicate that the homelessness crisis in Silicon Valley is one of the worst in the United States. The region has drawn national scrutiny from journalists, economists, and the general public for failing to address the widening economic disparities, given that Silicon Valley receives almost half of all venture capital investments in the United States and leads the nation in GDP growth. Advocacy groups like Silicon Valley Rising and Palo Alto Forward have made attempts to propose policy changes on behalf of low-income and historically discriminated populations in the Bay Area.discriminated populations in the Bay Area.
|
| http://dbpedia.org/ontology/wikiPageID
|
58977436
|
| http://dbpedia.org/ontology/wikiPageLength
|
23042
|
| http://dbpedia.org/ontology/wikiPageRevisionID
|
1084563103
|
| http://dbpedia.org/ontology/wikiPageWikiLink
|
http://dbpedia.org/resource/Great_Recession_in_the_United_States +
, http://dbpedia.org/resource/Subprime_mortgage_crisis +
, http://dbpedia.org/resource/Socioeconomics +
, http://dbpedia.org/resource/Supply_and_demand +
, http://dbpedia.org/resource/Hourglass_economy +
, http://dbpedia.org/resource/Great_Recession +
, http://dbpedia.org/resource/Infrastructure +
, http://dbpedia.org/resource/Bay_Area_Council +
, http://dbpedia.org/resource/Redfin +
, http://dbpedia.org/resource/Middle_class +
, http://dbpedia.org/resource/United_States_Department_of_Housing_and_Urban_Development +
, http://dbpedia.org/resource/Stockton%2C_California +
, http://dbpedia.org/resource/San_Francisco_Bay_Area +
, http://dbpedia.org/resource/Category:Silicon_Valley +
, http://dbpedia.org/resource/Income_inequality_in_the_United_States +
, http://dbpedia.org/resource/Oregon +
, http://dbpedia.org/resource/Upper_class +
, http://dbpedia.org/resource/Social_class +
, http://dbpedia.org/resource/Category:Economic_inequality_in_the_United_States +
, http://dbpedia.org/resource/Tim_Ferriss +
, http://dbpedia.org/resource/Texas +
, http://dbpedia.org/resource/Information_technology +
, http://dbpedia.org/resource/Silicon_Valley +
, http://dbpedia.org/resource/Austin%2C_Texas +
, http://dbpedia.org/resource/Construction +
, http://dbpedia.org/resource/San_Francisco_housing_shortage +
, http://dbpedia.org/resource/Transport +
, http://dbpedia.org/resource/Steve_Case +
, http://dbpedia.org/resource/Homelessness +
, http://dbpedia.org/resource/Basic_needs +
, http://dbpedia.org/resource/Seattle +
|
| http://dbpedia.org/property/wikiPageUsesTemplate
|
http://dbpedia.org/resource/Template:Reflist +
, http://dbpedia.org/resource/Template:Short_description +
, http://dbpedia.org/resource/Template:Quote +
|
| http://purl.org/dc/terms/subject
|
http://dbpedia.org/resource/Category:Economic_inequality_in_the_United_States +
, http://dbpedia.org/resource/Category:Silicon_Valley +
|
| http://www.w3.org/ns/prov#wasDerivedFrom
|
http://en.wikipedia.org/wiki/Hourglass_economy_in_Silicon_Valley?oldid=1084563103&ns=0 +
|
| http://xmlns.com/foaf/0.1/isPrimaryTopicOf
|
http://en.wikipedia.org/wiki/Hourglass_economy_in_Silicon_Valley +
|
| owl:sameAs |
http://www.wikidata.org/entity/Q85767406 +
, https://global.dbpedia.org/id/C4yML +
, http://dbpedia.org/resource/Hourglass_economy_in_Silicon_Valley +
|
| rdfs:comment |
Economic conditions in Silicon Valley have … Economic conditions in Silicon Valley have led to categorization of the region as an hourglass economy, a type of socioeconomic phenomenon that favors the disproportionate growth of the upper and lower classes with comparatively weak development of the middle class. This economy is typically a characteristic of highly developed nations and regions that experience a steady influx of capital, invest heavily in research and development, and have a high cost of living.velopment, and have a high cost of living.
|
| rdfs:label |
Hourglass economy in Silicon Valley
|
