@DylanMcGrath: thanks for the link, Rick is right on track in that article. To that end, I have often commented in the (3DIC context) software and applications are a huge part of the ecosystem that the chip companies need to nurture more of.
Was there follow up to the early statement that the tax plan was based on 19th century concepts? By the time a dollar gets paid out to corporation employees and stockholders it's been taxed numerous times, particularly if it's a manufactured product that assembles or relies on purchasing parts or products previously produced in some manufacturing process. I could have missed the discussion, I still need to go get some coffee.
The mention of tax reform links of course to the public finance deficit in California. It does seem to me (as an outsider) that the reliance on property taxes for public finances is going to be risky particularly if it is linked to property prices. It also seems that there are an awful lot of highly profitable companies in Valley that are paying very low rates of corporate tax. In the UK the main rate is 25%, it California it looks like 10%. This looks like a fairly obvious gap to close, especially if poor public funding damages public services on which those companies rely eg education and transport for their workers.
For more on the theme that the Silicon Valley is no longer appropriately named, see Rick Merritt's excellent article from last October:
"From Silicon Valley to Software Bay."
I believe that low-skill manufacturing jobs are giving way to robotics and other more mechanized manufacturing. My bet would be that a scan of job listings would show more skilled trade jobs and fewer button pushers.
You are right, resistion. The 2012 Silicon Valley Index report does say that between 2009 and 2010, Silicon Valley lost "Manufacturing" jobs by 6 percent; and between 2010 and 2011, it lost by 13 percent.
Meanwhile, employment related to "information products & services" gained 6 percent.
I wonder exactly what sort of "manufacturing" jobs we are losing in Silicon Valley -- more specifically?
George, on that comment, I have often argued with colleagues and professionals as to why we even call it Silicon Valley... not much Silicon gets fab'd there any more! Perhaps we should rename it to Web Valley or Internet Valley or something along those lines! North of Sunnyvale, software dominates the scene allthe way to San Francisco.
I only addressed two topics in more detail (population movement and innovation) which are closely tied to the advance of the Valley. Housing is still a sore issue BUT that may some what improve in some areas, now that Facebook has many new millionaires! Today's NYT has an article:
If Silicon Valley Costs a Lot Now, Wait Until the Facebook Update...
I wonder what those new millionaire home owners will paint their 'Wall' with? :-)