Matt Richtel and Laurie Flynn report on job hunting in Silicon Valley.
Silicon Valley, the humbled epicenter of the nation’s information technology industry, is stirring again, buoyed by revived corporate profits and fresh injections of still relatively small amounts of venture capital into a variety of start-ups.
But the region’s job market is mending only slowly. The continued displacement of basic-level technology jobs overseas, and the boomerang effect as companies use the new technologies largely invented here to sharply increase productivity, is keeping employment demand and salaries markedly below their boom-time levels.
My personal indicator of Valley economic health — traffic on the freeways — is certainly trending upward over the last month or two.