Silicon Valley has a millennials problem GinaChon
Some two-fifths of workers in the technology sector between the ages of 18 and 34 plan to leave the San Francisco area in the next 12 months, according to a Brunswick Group survey released on April 5. Across age groups, 55 percent of tech employees said they expected their company to hire staff, though 50 percent said it’s more difficult to fill vacancies than it was a year ago.
Separately, 55 percent of 18- to 39-year-olds said it was likely they would move out of the Bay Area over the next few years, according to a poll released by the San Jose Mercury News and the Silicon Valley Leadership Group on March 24. A total of 44 percent of all voters in the survey agreed; by ethnicity, the breakdown was 71 percent for African-Americans, 53 percent for Latinos, 39 percent for whites and 38 percent for Asians and Pacific Islanders.
Some 65 percent of residents living in five counties in the region said the quality of life had gotten worse over the past five years. The top reasons cited were house prices and cost of living, in addition to homelessness, traffic congestion and increasing wildfires. Long-term water availability was the 10th most popular reason.
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