San Francisco Mayor Ed Lee has come to the defense of the city’s technology industry, saying the job growth in the tech sector should not be blamed for skyrocketing rents in the city.
Despite all the headlines about the surge in technology jobs in San Francisco, on report suggests the tech sector still makes up only a tiny percentage of the city’s private jobs.
Although Google, Facebook, Zynga and many other tech companies have been on hiring sprees lately, at least one executive has questioned how strong Silicon Valley’s latest boom cycle really is.
Apple, Google and other Silicon Valley tech companies continue to hang out the help wanted sign. The latest employment figures show that the biggest demand for workers in the Bay Area continues to be for workers with skills in technology.
In this KCBS Cover Story, reporter Margie Shafer looks at how the tech sector is leading to a more optimistic business climate in San Francisco.