Inequality in Silicon Valley, in Five Charts

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In recent years, the economy of California’s Silicon Valley has skyrocketed. But as high-tech companies like Google, Facebook and Apple mint millionaires by the dozen, the middle class is hollowing out and poverty rates are growing. Here are five charts on growing economic inequality in Silicon Valley, one community demonstrative of a nationwide trend. All data comes from the Joint Venture Silicon Valley Index and the Working Partnerships USA Life in the Valley Economy report.

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  • Suzaku

    Wow! I’m shocked about that graph on cost of living increases: housing, food, electricity, gas, transportation, healthcare, etc. I think it’s time to get back to basics. You would think as time progresses basics would become easier to come by not harder.