It looks like Silicon Valley aren’t having any difficulties but The American economy is still seems to be indolent.
The below news is taken from Business Insider:
The American economy might still be sluggish, but Silicon Valley doesn’t seem to be having any problems.
Seth Klarman Tells His Investors: Central Banks Are Treating Investors Like “Foolish Children”
"Surreal doesn't even begin to describe this moment," Seth Klarman noted in his second-quarter letter to the Baupost Group investors. Commenting on the market developments over the past six months, the value investor stated that events, which would typically occur over an extended time frame, had been compressed into just a few months. He noted Read More
Last year, average salaries in the Valley rose above $100,000 for the first time ever, hitting $104,195, the Wall Street Journal reports.
On top of that, bonuses were up 13%, to $12,450. These numbers are better than those for software and engineering professionals nationwide.