Much of the silicon valley tech population has yet to face serious adversity. Smart phones and social media were on the rise as everything else was crumbling. There was a large influx in 2011-2014 and these people have made out like bandits. They could use their stock/bonus to buy a condo for say 500K. By 201…
Much of the silicon valley tech population has yet to face serious adversity. Smart phones and social media were on the rise as everything else was crumbling. There was a large influx in 2011-2014 and these people have made out like bandits. They could use their stock/bonus to buy a condo for say 500K. By 2017 that condo might run 1.0 to 1.2 million. They've amassed large net worths in the matter of a few years.
However, they have yet to face the dot com bust and rolling blackouts of the early 2000's or the housing market bust of 2009 and municipalities struggling to provide services because of tax revenue declines. Because of this lack of adversity, they are trying to find adversity to overcome on their own. I've more than once walked into the office and seen 50% of building instantly empty with desks being just as the left them, only for them to get a call not to come in. I've been there when the conference rooms are all booked and blocked off mysteriously so that staff can be laid off all at once. When this happens, you don't need to look for something to fight, you are fighting for your own preservation or that of your family.
And to add one more thing...
Much of the silicon valley tech population has yet to face serious adversity. Smart phones and social media were on the rise as everything else was crumbling. There was a large influx in 2011-2014 and these people have made out like bandits. They could use their stock/bonus to buy a condo for say 500K. By 2017 that condo might run 1.0 to 1.2 million. They've amassed large net worths in the matter of a few years.
However, they have yet to face the dot com bust and rolling blackouts of the early 2000's or the housing market bust of 2009 and municipalities struggling to provide services because of tax revenue declines. Because of this lack of adversity, they are trying to find adversity to overcome on their own. I've more than once walked into the office and seen 50% of building instantly empty with desks being just as the left them, only for them to get a call not to come in. I've been there when the conference rooms are all booked and blocked off mysteriously so that staff can be laid off all at once. When this happens, you don't need to look for something to fight, you are fighting for your own preservation or that of your family.
dot com bust...made Wall Stree wealthy and the rolling blackouts made ENRON and Kenny Boy Lay wealthy.
don't forget Cheney/Bush's appointment to the Presidency.
It did have the benefit of kicking Gray Davis to the curb, though Arnie didn't fare much better when tough times hit.