Experts disagree on whether the boom is all that it's cracked up to be for the community as a whole. Yes, the doors of opportunity have opened wide for thousands, with work for computer programmers and house painters alike.
People have chances to improve their incomes.
And they spend as well, boosting business for both chain stores and corner shops. All that wealth doesn't sit. Some economists believe wealth is shared unusually broadly in Silicon Valley, perhaps even more so than Claritas figures suggest, especially given the recent runup in real estate values. Those people are more broadly ahead than those who own stock. But for those who don't have that equity, the boom has backfired.