Report: Silicon Valley’s Success Doesn’t Include Blacks, Latinos
Sunday, February 10th, 2013(National Journal) The data from this Silicon Valley jobs report shows that Silicon Valley's so-called meritocracy happens to benefit white and Asian people, while the black and Latino community suffers. The annual Silicon Valley Index had a lot of good news for the vitality of the South Bay's economy, with per capita income increasing 2.2 percent total and the tech hub adding 42,000 jobs last year. But those gains were not seen evenly across the community: whites and Asians saw per capita income increase while incomes actually fell for African American — and faster in Silicon Valley than in other parts of California or the rest of the country. Look at that huge 18 percent drop in per capita income for African Americans in Silicon Valley. It's three times the decline for the state of California and more than four times the decline seen in the U.S. The numbers for Silicon Valley, in fact, represent a growing gap: Income for the black and Latino community has declined, as the rest of Silicon Valley has gotten richer. As the president of president of Joint Venture Silicon Valley, which compiled the report, puts it: "Silicon Valley is two valleys," Russell Hancock told the Mercury News. "There is a valley of haves, and a valley of have-nots. This place that some call "post-race" happens to reward white and Asian workers more than other races.
Report: Silicon Valley’s Success Doesn’t Include Blacks, Latinos

