Silicon Valley Losing it's Middle Class

Eweek reporting Silicon Valley Losing It's Middle Class:

The effects of a sub-prime mortgage crisis, financial market volatility and a shifting global economy are disproportionately affecting midwage technology workers in Silicon Valley.
In 2006, only 46 percent of the jobs in Silicon Valley were midwage, paying between $30,000 and $80,000 a year, down from 52 percent in 2002, according to the 2008 Index of Silicon Valley, sponsored by Joint Venture, a public-private partnership, and the Silicon Valley Community Foundation, a nonprofit.
Meanwhile, the percentage of higher wage jobs remained relatively stable at 26 to 27 percent, while low-wage jobs grew from 22 to 27 percent in the same period

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Silicon Valley Losing it's Middle Class

Eweek reporting Silicon Valley Losing It's Middle Class:

The effects of a sub-prime mortgage crisis, financial market volatility and a shifting global economy are disproportionately affecting midwage technology workers in Silicon Valley.
In 2006, only 46 percent of the jobs in Silicon Valley were midwage, paying between $30,000 and $80,000 a year, down from 52 percent in 2002, according to the 2008 Index of Silicon Valley, sponsored by Joint Venture, a public-private partnership, and the Silicon Valley Community Foundation, a nonprofit.
Meanwhile, the percentage of higher wage jobs remained relatively stable at 26 to 27 percent, while low-wage jobs grew from 22 to 27 percent in the same period

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