This blog is for discussing issues in our complex global economy.
Why Silicon Valley faces fresh threats
This article made many good points. I like the idea of government promoting the research of the private sector for clean technology. I think it is a must to turn this economy around and restart some sort of growth. The other point I really liked is how they brought attention to the fact that our economy NEEDS educated people to keep us growing. Our education is in the dumps right now and that can only equate to a dump in the economy and the growth of our country. Education is the backbone to a lasting growth. We will get out of it what we put into it.
Interesting to hear that Foreign “smart” people are dwindling, or are not coming to California/Silicon Valley as quickly as they used to..(or at all) We have all heard how badly our education system is doing in the United States, and especially in California. We have all heard that we are falling behind, and we are. But if Foreign “smart” people aren’t coming here, and we aren’t educating people properly, where is this business field going to go? Or is it that other countries are not making an emphasis on Education as much as they used to? My sister and brother-in-law are teaching in Venezuela, and have taught in China and the Phillipines. They say the kids are motivated, the parents are involved, and they go to school 6 days a week, and only take a month off a year.
I am actually a bit surprised to hear that the Silicon Valley is taking a turn for the worst right now. I think though that it is natural that other areas in the United States are establishing and setting up their own Silicon Valley’s because obviously we live in a very competitive society where basically consumerism runs our daily life. And of course technology is evolving, but it is everywhere and not just in the S.V. I have a feeling though that things will get better in the long run. The Silicon Valley is widely known for their reputation and maybe will later on get back up on it’s feet. For even though the education system may be down at this point in time there will always been a certain amount of educated people coming into the work force.
I was hearing that California is facing serious financial problems and cutting budget for education but I didn`t know that crisis in California education has much influence on brain drain of Silicon Valley. Since Silicon Valley depends on talent and skills of foreign brains, it is important for universities to maintain good education and attract people from other countries who will contribute to the development of the region. There is less venture capital investment in Silicon Valley in 2009 compared to 9 years ago so recession makes it even harder for the region to grow.
Wow! A $25 billion drop in 9 years? That seems pretty extreme. I’m not sure it’s such a bad idea that other “Silicon Valley”s are popping up. I agree that Silicon valley’s diminishing edge is not great, I feel like this was somewhat inevitable, that their “secret sauce” didn’t stay secret for long. I think the reverse immigration wont be much help either. Especially for S.V. if 60% of their workforce is foreign. And with our ever increasing budget cuts to education, there is another kick to S.V.’s shin. So maybe it is good that there are other hot spots popping up, in case S.V. continues to crumble, but this definitely hurts California more.
We need better education in California and the United States to be able to provide for these innovative jobs. What are we doing to encourage our younger generation to desire to study in these areas of concern? Are we instead spending money to market for overseas to employees? We do train overseas student and employees how to do the job and then some of them go back home to do the job in their country. Are we advertising to high school students? Are we asking the high school schools and community colleges to create any incentive programs to help our students in the direct of Silicon Valley. Do we have summer programs for students to see what Silicon Valley is all about or for hands on experience?
The part of this article that cought my attention most was the last section about education.I don’t personally think cuts in education is one of the issues at hand with the silicon valley. I think that many students these days are not as interested in engineering or the sciences. What we need to do is to spark the interest of our own students to study in these areas. In foreign countries like India and China where we’re getting many innovative employees in these field treat the jobs as very important and an honor to hold. In America many students today think engineering is for nerds and are turned off by it. If we find a way to make these jobs more desirable than we should be able to gain many more innovative minds from our own country.
Unfortunately, it is true that Silicon Valley depends on foreigners to make Silicon Valley what is is. I blame this on cultural differences. It seems as if in India and China, an education is business or medicine is highly respected. The same goes for the United States, unfortunately, students in the US try to achieve sociology, film, art, or gender studies degrees, to mention a few. Our young population is steering away from corporate America and is trying to be more liberal than ever before; unfortunately, this hurts our economy in more ways than originally thought. This has nothing to do with parents raising their children improperly or their students being rebellious, this simply comes down to cultural differences.
I heard that California was in a bit of a financial crisis but I had no idea that the crisis in education in California has so much influence on the Silicon Valley. I am kind of surprised that Silicon Valley is taking a turn for the worst. We live in a very competitive society where consumerism run our daily lives, so other areas are starting to create their own Silicon Valley. Technology is constantly improving and evolving so there is a good chance that everything will work out in the end. Even though the education system is down, we can still produce enough educated people to keep our economy afloat.
I am surprise after reading this article, I did not know before that Silicone Valley rely on so many immigrants. Many students that attend UC Berekely, UCSF, and Stanford are foreigners who study engineers and sciences. The education budge cut is not doing California a favor at all. Instead, it is harming local students and the inflow of foreign talents.
They’re right, our scientists relied on the government for there money to support the space age exploration. We need to give more to science because without government support new explorations will not be possible, and we should not let the enthusiasm of the Silicon Valley fizzle out. We now have to rely on foreign educated scientists to come into preexisting projects because the education is being cut. We are such a powerful country, why can’t we remain credible for new technological advances; we did put a man on the moon, why stop there?
It is interesting to hear that the Silicon Valley is not doing too well right now. We live in a very high standard and competitive market. The SV is known for its reputation and hopefully will get things figured out in the near future.
I had heard that immigrants from other countries are starting to rethink coming to America for their education so that part of this article doesn’t surprise me. With schools slowly falling apart, immigrants that once wanted to pursue an education here, are staying in their homeland for education or returning home to pursue their careers. It was shocking to hear that venture capital investment dropped from 32.3 billion in 2008 to just under 7 billion in 2009. Also some funding comes from the government and with them not doing well in this economy also makes for financial troubles. With the cuts in education, immigrants either moving back to their countries or staying in their countries to be educated, and the lost of venture capitalist money for start-ups as well as less government funding, it just doesn’t look good at the moment. Hopefully this is just temporary and the school systems will get better, immigrants will find our schools more enticing, and more venture capitalists will want to invest their money to get Silicon Valley back on the up-rise.
This is scary. To think that Silicon Valley, one of the most innovative places in the world is sinking and sinking fast is not good. Plus, it is even scarier for us in the Bay Area because Silicon Valley is where many Bay Area citizens get their jobs. For schools like Saint Mary’s and Santa Clara, students used to previously graduate from college and go there to work because it was a good place and close to where people wanted to be. Where are college graduates going to go now? The one good thing about this, if you look at it in the “glass if half full” way is that with less foreigners means there are more opportunities for domestic citizens. More opportunities for us is a good thing. But in order for it to be the best thing, the education system needs to improve and improve now before the country and California begin to suffer even more and worse.
On immigrants issues: I found few comments complaining about the fact that although America is home to the latest technological breakthrough and still leading the trend in high-tech industries, more and more jobs are taken over by Asian immigrants. The article said, about 60% of Silicon Valley engineers are foreign born. As an Asian myself (and my father is also working in the major Green technology sector in SV) I think such demography is not really a matter of Asian being somehow smarter. Any tech-intensive sector needs to have a balance between innovators and executors. Here, innovators are, I mean, someone who can think more out of box and imagine (at least in theory) a new way of doing things. At the same time, there needs a group of people who are very disciplined and (although more conservative in terms of new ideas) and execute abstract ideas into working concepts, and I think that’s where Asian engineers are mostly demanded. I am not saying one is better or smarter than the other. It’s just a different kind of skills (whether one acquired by different education systems or a matter of genetics that I don’t know) and any successful firms would need both. Ironically, in Asian too, engineers are everyday complaining about the structural problems that discourage creativity and voicing their concern that there is no future in Asian engineering sectors.
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