Mar 7, 2014
In a Sizzling Economy, Many are Getting Burned
While the Silicon Valley economy is sizzling hot with corporate profits in the billions, middle-class families are hurting from stagnant wages and a rising cost of living. Between 2000 and 2012, Apple profits grew by a whopping 5,209 percent to more than $41 billion. Meanwhile, median worker income in Silicon Valley actually shrank by 12 percent. In Silicon Valley there…