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Hiring Is Up in Silicon Valley for High-Skill Jobs 208

Posted by ScuttleMonkey from the real-estate-still-unreasonable dept.
Carl Bialik writes to tell us the Wall Street Journal is reporting that five years after the dot-com burst, job growth is finally returning to Silicon Valley. From the article: "Doug Henton, an economist and co-author of the report, says with the growth in these creative engineering jobs, a new face of Silicon Valley is emerging. 'Ten years ago, this was an engineering Valley that pumped out chips and computers,' he says. 'Now it's all about creative tech and staying on the cutting edge.'"
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Hiring Is Up in Silicon Valley for High-Skill Jobs More

Hiring Is Up in Silicon Valley for High-Skill Jobs

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  • I'm in San Francisco right now, and can vouch for that. When was the last time you heard the word recesion? When was the last time you heard it mentioned in the same sentence as the U.S. economy? People are very positive, there are a lot of new ideas, new startups, and money to fund them. Sure, most of them will fail, but that is how it's meant to be.
    • I don't think I've ever heard the word "recesion"...
    • I hear the word recession every night on the financial programs I listen to.
      The yield curve is not looking that great and historically we always have a recession soon after the fed stops raising rates.

      The longer term forecasts are for a sharp short recession in late 2006 to mid 2007 then 2 good years, then a very harsh longer recession from 2010 to 2011.

      Supposed to be okay after that.
      • The yield curve is not looking that great and historically we always have a recession soon after the fed stops raising rates.

        Depends from your prespective. At the moment interest rates are low, as are credit spreads. Which means its a great time for companies to issue debt - lots of money for low interest costs (which are fixed p.a. to the issuer remember). So if I was a startup I'd now be visiting brokers and banks to luck in on this funding.

        And the Fed stops raising rates because, er, they have
        • Not going to argue since I can't link private investment newsletters.

          But several that I get (which are not the sky is falling lunatics) are forecasting recessions.

          That recessions happen historically soon after rates stop rising is just a fact they state- I haven't done the personal research. They speculate that it is because the Fed always raises rates just a little too much and actually causes the recession as a result.

          The longer term dates I mention are part of an 11 year cycle (tho the 2006-7 lays over
    • I hear the word "recession" now and then from certain politicians and news media complaining about the economy. But that's just their jobs. politicians want you to think the economy is bad so they can trot out their favorite pet economics program and screw everything straight to hell, and the news media...well...all economic news is bad news because good news doesn't get ratings.
    • ... it doesn't look so good.
      http://online.wsj.com/public/resources/images/MK-A F855_VALLEY_20060227193322.gif [wsj.com]

      Okay, so most people don't read the articles, I know.

      But the numbers don't match the story.
    • I read last week where they were raising the restrictions. Yeah, they may be hiring, but will they be hiring Americans, or guest workers?
  • Yay, would this mean outsourcing is going down, or that the industry is growing? Also, does this mean that it's actually worth it for me to continue my education and get a degree in Computer Engineering?

    If you think it's worth it, you've never tried CS1721. . . intro to commenting
    • No, you'd make more money as a pharmacist. Or an optometrist. Ancillary industries are where the real money is :)
    • No, read the article. Basically Silicon Valley is growing, but it is becoming much more "top heavy" as it were; they are hiring very skilled engineers and creative types while outsourcing the grunt work for the most part to India. Of courese this has long term implications, but thats another story.

    • offshoring is stronger than ever (Score:4, Insightful)

      by Travoltus ( 110240 ) on Wednesday March 01, 2006 @04:04AM (#14824760) Journal
      They're farming out the lower end jobs overseas.

      It used to be that a single mom could hop on the IT train and start out as a call center rep, then get trained within as a black box software tester, then a glass box tester (where you get more familiar with code), and then a program (er, design and development) manager.

      You can't do that any more.

      The kind of jobs they're hiring for now requires the kind of skills only a handfull of the human population can get into.

      Web engineering? Product development? Creative and innovation services? That's highly competitive stuff, if everyone takes that as a course in college they're still only going to hire one out of ten: the best of the best. Hire mister second place web engineer or innovator and you are doomed to make a product your competition will eat alive in the marketplace. By nature these jobs can only be done well by the winner in a long line of competitors. Think: ten people and one chair in a game of musical chairs.

      There is a lot of talent out there that will no longer be tapped. There are a lot of good workers who will no longer contribute to the tech industry at all because they didn't win the cut throat competition for #1 product designer; people who would be quite good at software bug hunting and even customer support. Someone is still doing those jobs, they will never be obsolete - it's just not us Americans any more.

      Steve Levy is right - a lack of diversity in the job force puts you at a far greater risk during a downturn. Oh but if he had any idea how truly right he is.

      Here is a clue for everyone. There is not a single job mentioned in that article that cannot be done equally as well overseas for pennies on the US dollar. As time wears on, look to see all those engineering, web engineering, product development, and all creativity related jobs, can be done overseas.

      The defenders of offshoring also lie a little bit in this story. They imply that offshoring caused a rise in the number of higher end jobs. That is untrue. Technology caused that. There's nothing here that actually shows that offshoring caused a rise in higher end jobs. Offshoring or not, that was going to happen anyway. Their numbers (the replacement figures) were off, too. NetFlix was said to have 100 customer service jobs in 2000. The implication in the article is that we'd only have 100 cust service jobs in 2005. Hardly. Netflix's customer base has grown dramatically. They would have seen dramatic growth in customer service work if they hadn't, undoubtedly, gone overseas. Well, ladies and gentlemen, all I have to say to that is good luck finding a customer service rep at Netflix who will understand your English. And keep an eye on your credit report too. Whatever country whose data center is now processing your information for Netflix is not within the FBI's jurisdiction. If some goon sells your information offshore, guess what? The FBI will never have any authority to bust that sucker. You have to beg that country to arrest them. Good luck. Hope you like your rental movie.

      On the other hand, rumor has it (and I cannot really substantiate this) that companies like DVD Empire outsource their customer support in the US to cheaper areas to cut costs. Again, that is what I heard from a self described employee. I say this is highly ethical.

      Another alarming note? The article noted another truth: employers are now looking for Master's and PhD's. Soon you will need a post graduate degree to get into the field. What will you do when the water line moves up to PhD's? What degree is higher than a PhD?

      Oh, and I forgot. This article does not mention the not so trivial percentage of lower paid H1B workers hired into silicon valley's work force.

      This "solid" article is little more than a cosmic sieve with holes big enough for small moons to sift through...
      • When hiring, I don't care what qualifications a person has, if they are the best and know their stuff, then I want to work with them.

        Bigger companies might care about qualifications, but smaller ones want people who know what they are doing and can problem solve quickly, not some kid from uni with a degree (I went to uni and know how easy they are).

        Experience and enthusiasm count, not drive to become a middle manager on a bloated salary
        • Comment removed based on user account deletion
        • That's great. Who doesn't want to work with someone knowledgeable and competent?

          But no one starts out that way. You need to start off in an entry level position with little knowledge, some competence and a whole lot of ignorance.

          Now, what happens when all those entry-level jobs are sent overseas? The flow is interrupted. Your supply of Knowledgeable and Competent people will start to dwindle.

          Employers that advertise "Entry Level" positions that require skills and experience are messed up.
      • Comment removed based on user account deletion
        • People doing routine jobs become people doing creative jobs. That's where most creativity comes from. Generally speaking, you have to have some experience working in the industry before you can start "innovating."

          Mark this post. You tell me how long it takes to start college right now and get a BS / Master's degree for the luke warm or hot jobs of today. You get to name the job, too. I'll accept that number. By this time that many years from now, the job you named, will be on its way overseas and hiring in

        • ...and mod the chicken little post down. Even with the near instantaneousness of the web, India is still 12.5 time zones away, both temporally and culturally. It is much better to send very detailed and non-ambiguous specifications off shore due to the long feedback loop. That delay has serious opportunity costs that offset any savings in wages.

          That is why all of the Indian companies are CMM [cmu.edu] level 5 certified or better. They already understand their value proposition.

      • What degree is higher than a PhD?

        A PhDD? Everybody wants double-Ds!
      • What degree is higher than a PhD? A PhD degree shows that the holder can do original research and write it up. It's actually not really that high a bar. In academia there are levels and levels of quality. Similarly, when hirers look for good people that have PhDs, you can read their theses to compare them. It shows you how meticulous they are, how smart they are, and how well they can communicate their ideas.

    • Re:WOOT (Score:3, Insightful)

      by MrAnnoyanceToYou ( 654053 )
      If you love computer programming, there will generally be a job for you somewhere because you will be decently good at it. (at the least) If you are in it for the money, the games, or the chicks, go get an accounting degree. Programming is more of a calling / obsession than a skill, and I wish I had it. Those with the calling are often extremely valuable and sought after... It just takes a while. If you love what you are studying and love to code and love to build, keep it up. If you just want the mon


      • Seems you hate the liberal arts, but without philosophy degrees you wouldnt have laws, lawyers, and long term planning. Ultimately you need liberals arts even if just to write all the books and interpret all the laws.

        Math can teach you how the world works but without understanding why, then the world still wont make sense.
        • So if we get rid of liberal arts, we can live in a world without lawyers? I never knew paradise was so easy to achieve. =)

          Math has the benefit of being consistent. The why may be more elusive sometimes, but at least the what is pretty solid. If there are 2 pinecones on one side of a tree and 2 on the other side, there are 4 pinecones on the tree. That's as close as we humans get to absolute truth. Most of math is an expression of something that independent of the observer.

          Contrast that with law as a fi


          • There is a logical math behind laws. Laws exist in math too. Point is, language must define all laws including math laws.
        • I have a philosophy degree, and I'm an insensitive clod.
    • You probably want to also get a spare degree in outsoursing consulting, just in case. That will stay useful for quite some time.

      • Re:WOOT (Score:2)

        by mikael ( 484 )
        In the UK, Management Consultancy, accounting and becoming a personal trainer are now the two most popular career paths for the most qualified students.

    • "Yay, would this mean outsourcing is going down, or that the industry is growing? Also, does this mean that it's actually worth it for me to continue my education and get a degree in Computer Engineering? "

      The answer to the second question is no..... It's just the same pattern repeating itself. (1998, 1999, 2000, 2005...)

      ... Tech companies are now forced into the domestic JOB market as the H-1B quota is closed [uscis.gov] for the remainder of the federal fiscal year (til Oct 1).

      Hence ALL the squeali

    • From the TFA:

      "SanDisk's fastest-growing job category has been product development and research, where the company is now hiring "at the master's level and Ph.D. level," says Judy Bruner, SanDisk's chief financial officer. "We can't take just a general engineer.""

      Like I said in another thread - there are still jobs in IT. But gone are the days where you could be a dabbler in computers and have the world as your oyster. Today, the mundane and average jobs have been shipped overseas. If you want to work in
    • it gets harder! CS404: Intro to Slashdotting a Server and CS500: Slashdotting for Advanced Users are really ruthless courses and the professor, BeatlesBeatles, refuses to grade on a curve

  • Hiring Up! Hiring Down! (Score:3, Insightful)

    by B3ryllium ( 571199 ) on Wednesday March 01, 2006 @03:39AM (#14824687) Homepage
    People will never learn :) Everything goes in cycles, from real estate to employment to global warming.

    "What Goes Around Comes Around", indeed.

  • Yes, for High-Skilled Experienced Workers (Score:4, Interesting)

    by bigsexyjoe ( 581721 ) on Wednesday March 01, 2006 @03:57AM (#14824740)
    The market has never been that bad for people with plenty of experience. Our recovery isn't providing jobs for the entry-level people who have been having trouble getting in. Therefore, if you ask should I major in CS or whatever for good job opportunities, the answer is still no. When there are more experienced people in India, I suppose most of those jobs will go over, too.

    • Re:Yes, for High-Skilled Experienced Workers (Score:4, Interesting)

      by guacamole ( 24270 ) on Wednesday March 01, 2006 @04:51AM (#14824925)
      Really? What other major do you suggest other than Business Administration? According to UC Berkeley's career center, CS grads are still some of the most employable majors with starting salaries comparable to EECS and actually higher than Bus.Adm and most of engineering varieties. In any case, I hope there will be around more people like you trying to convice the dumb "get rich fast" types that CS is not good for them. Then the CS departments will be a much better place to be in without them. All of my friends who are recent graduates not only in CS but also some other major + CS minor got decent jobs after at most a few months of job search.
      • "According to UC Berkeley's career center, CS grads are still some of the most employable majors with starting salaries comparable to EECS and actually higher than Bus.Adm and most of engineering varieties."

        If they're getting info from their own grads, I wouldn't be surprised.

        I've heard Berkeley's a pretty good school and stuff.
      • starting salaries comparable to EECS and actually higher than Bus.Adm ...


        Starting salaries, Yes. Salaries of the 'better than most' with 5 years of experience? No.


        Yes, the pay looks good right out of college, but five years out, your still
        a lot better off in business.

    • if you ask should I major in CS or whatever for good job opportunities, the answer is still no.

      So, your solution to the perceived problem of us losing the edge on highly skilled tech workers is to concede that front entirely?

      Well, I could disagree all day about that point, but I'd rather point out that we are not losing the batle on the high tech worker front. I've linked to theis in the past, but I'll continue to until people get it. We are still the science and technology leaders by a HUGE margin and ri [digitalelite.com]
    • The market has never been that bad for people with plenty of experience.

      The market has never been that bad for people who know what they are doing. There exists a corrolation, but it is not absolute.
    • Our recovery isn't providing jobs for the entry-level people who have been having trouble getting in.

      In my experience, reasonably talented entry level people have been having more luck than most people with 3-4 years of experience but no particularly marketable skill. The basic problem is that the software developer market got flooded with far too many people looking for a way to make a quick buck. It will probably take a few more years of hard to find jobs and college students listening to people like yo
    • Woot! It's CrazyJim1! Where you been, buddy!?

      I can't believe that people don't want to hire the genius that thought up putting rockets in the hilts of katanas and using them to fly around! Unbelievable. Kudos on predicting a multiplayer game with vehicles mere weeks before Starsiege Tribes was released.

  • San Francisco isn't the Valley (Score:5, Interesting)

    by Yeechang Lee ( 3429 ) on Wednesday March 01, 2006 @04:02AM (#14824754)
    I moved from NYC to the Palo Alto area in May 2000. That's right, just one month after the start of the long stock-market collapse and two months after the NASDAQ's peak [wikipedia.org], although of course no one knew these things at the time. I thus got to experience both the highs (insane traffic on 101, Sand Hill Road absolutely packed for two hours each afternoon) and the lows (significantly-better traffic on 101--admittedly a good thing in and of itself--and hordes of people losing jobs and moving back home each month).

    It's important to distinguish between San Francisco and Silicon Valley. The Valley has recovered--traffic on 101 has long since become awful again, as today reminded me--but San Francisco still hasn't regained the equivalent of all those bubble-related jobs that vanished into the wind in the 2001-2002 time period, and probably never will. (I've been living in San Francisco for going on two years now and have yet to meet anyone who is working in a "Web" or "e-commerce" job up here. It's like a neutron bomb; the people went away but the buildings stayed.) By contrast, yes, the Valley lost tons of jobs, too, but at least the Valley had, and has, a longtime core of companies that made real products that do real thing dating back to the Fairchild/HP/Intel days. And on the Web side, of course, Google and Yahoo! are leading the charge. They're down there, though, and not up here. Unless and until another bubble develops, I expect San Francisco will remain a remarkably tech jobs-free (but with plenty of finance, retail, and other non tech-related companies) city on the edge of the world's greatest concentration of tech jobs.
    • Interesting thoughts on what is, to me, perhaps the most beautiful city in the world, and always one of my very favorites.

      I find it amusing, though: I live in the Central Valley of California, small-town, USA. My job is largely performed from the recliner in my living room, cordless phone at my side, notebook warming my lap. I often joke that "my commute is only 10 feet long, but the traffic is a bitch, what with 5 kids and all". I make good money at it, but my primary hosting servers are in San Fransisco!
    • I'll agree with that. In fact, lots of people (myself included) live in San Francisco but work further down the Peninsula. I really can't point to any significant technological innovation going on in San Francisco right now - but it's still a great place to live.
    • "I've been living in San Francisco for going on two years now and have yet to meet anyone who is working in a "Web" or "e-commerce" job up here."

      have you meet anyone? I work at a "web/e-commerce" job, and so do half the people I know here in SF. Your right about there being fewer jobs, but there's still a lot compared to most cities in the US.
    • You do of source realize that South San Fran is the biotech center of the universe right?
      • Yeah, and as any person who lives in South San Francisco will tell you, it's not San Francisco.

        I've lived in the south bay for 16 years, and we have more biotech customers in the east bay than in the peninsula area.
    • If we want to talk about traffic as an indicator of job growth, I can share a little anecdotal crap. I've been living in South San Jose and commuting up 85 to Mountain View for awhile now. Since the Google Hordes have grown, however, getting from 85 to Rengstorff Ave (Just One Exit Past Shoreline, which is where Googlers exit) has become a nightmare. We're talking, I used to make it in 20-30 minutes, and today I average 50-75 minutes. It's not a big deal, but I shake my fist at the Hordes with their one
      • How about mine: I live in Baton Rouge, louisiana. After Katrina, the capitol city went from ~220,000 to 450,000. Literally double the population with ex-New Orleans residents overnight. The traffic was horrendous (worse than Houston where i came from) BEFORE the storm... Needless to say there are no jobs in Baton rouge.

  • Following skillsets in high demand (Score:3, Funny)

    by adnonsense ( 826530 ) on Wednesday March 01, 2006 @04:03AM (#14824758) Homepage Journal

    I've done a brief survey of the jobs on offer and for your convenience here is a summary of the main qualifications being looked for this time round:

    • At least 5 years proven experience in Web 2.0 techonologies
    • Certification in Curvy Border Design
    • Extensive experience in collaborative community-based tagging
    • Have own podcast
    • Have own WiFi-enabled "office" in local coffee joint

    and most importantly:

    • A burning belief that an AJAX-powered petfood-fashion-mashup wiki-based user-driven affiliate blog will be the next big thing
    • That was funny! I'm gonna go post it to my blog. Friends-only of course, because that is what social networking was intended for. ;-)

      FWIW, I meet the first two listed requirements. But I got my curvy design certificate from the back of a van in an alley.
    • At least 5 years proven experience in Web 2.0 techonologies

      Funny... I thought Web 2.0 was coming out in the near future. I didn't know it was five years old already. Of course, it's not too surprising to see resumes with 20 years of .NET experience.
  • I programmed since I was 6. I'm 29 now with a Scientific Computing degree from CMU. I predicted ebay, instant messaging, personal sites, and MMORPGS as being big in 1994. Can't find a job though. Talent and market forsight just isn't enough to snag a job these days.

    • I don't understand why people wouldn't get a job in the IT-area.
      Here in Europe(Belgium) they pay big bucks for programmers, but they don't want the all round programmer who are poorly trained, they want the hard-core geek doing magic and who is most likely already working in another company as they're often "rarity".

      They throw alot of money around to keep good people as they get lured by other companies too often. 2500-3000/month wouldn't be the exception.

      If you've programmed as long and kept up with

    • I'm also 29 and been programming since before I can remember. I do have a job in my field CS/EE - if you want a job based on market prediction (which I can do too anyway, as most seasoned geeks) then you should have become a market analyst. You should better look for a job where you can show expertise, or you will be rated pretty low.

      Good luck!
    • Woot! It's CrazyJim1! Where you been, buddy!?

      I can't believe that people don't want to hire the genius that thought up putting rockets in the hilts of katanas and using them to fly around! Unbelievable. Kudos on predicting a multiplayer game with vehicles mere weeks before Starsiege Tribes was released.
  • Who needs silicon valley? Can't a skilled worker in Saigon do just a good a job? And isn't it about work? OOAD is nothing less than a must for even the most minor tasks nowadays. Code generators and high profile IDEs come for free a dime a dozen - it only takes people who know how to use them. There isn't even a need for PhDs!
    Computer stuff is more and more becoming a craftmanship rather than science. Most people aren't competeing on innovation anymore, they're competing on price, performance, speed, specia
    • Fine arts people, for the most part, don't make rent.
      • Fine arts people, for the most part, don't make rent

        Motion Pictures + Video Games + Anime/Manga = $22 billion a year.

        That's just in the U.S. Then we can add Japan, Europe and Austraila.

    • Who needs silicon valley?

      Urban concentrations are still important because of the social networks they engender. In particular, Silicon Valley has a very strong network of investors, universities, and veteran entrepreneurs. Perhaps more importantly, the environment in Silicon Valley is one that embraces risk. In the Valley, having worked at a few startups that bombed is not a mark of failure. It's more like a badge of courage. It shows that you have some experience and that you've learned something. Peop

  • Just in time - (Score:3, Informative)

    by boomgopher ( 627124 ) on Wednesday March 01, 2006 @04:47AM (#14824914) Journal
    Just in time for the real estate market to collapse [thehousingbubbleblog.com], taking most of the economy with it...

    • I've read this previously, and feel free to factually rebut, but I think that most of the time the tail-end of a recession tends to coincide with a housing-market collapse. I can think of a couple of reasons why this is: people during economic good times bid up housing prices, and then during the lean years they use that equity to get by, and there's a lot of "movement" in the market because of local conditions. So when the job market recovers, people are more or less settling back down, and the value of
      • I've read several times that one of the major indicators of a real recovery is a housing market collapse.

        That is greatly tempered by our willingness in the US to have a 30-yr mortgage. Spreading pain (payment) over 30 years, and I've read of discussions for consideration of longer mortages, greatly eases things. Additionally, we offload risk as a business. It's easy enough to purchase insurance to cover unemployment - it simply requires one to do so (and no, I generally haven't either).

        There's no nec

  • Real job (Score:3, Insightful)

    by cubicledrone ( 681598 ) on Wednesday March 01, 2006 @05:51AM (#14825066)
    Really? Do the jobs have:

    1. Pension benefit
    2. Paid vacation
    3. Full insurance

    Career job? Will it pay off a mortgage? Guaranteed contract?

    If not, it's not a real job. Could be hired Monday and unemployed by Thursday. Meaningless.

    • Cubicledrone,

      Can you give us an idea of how you would write a 'guaranteed contract'? I'm just curious as to the language you would use.

      And, in case you wondered what I think, the guarantee you are looking for comes from within yourself. Your ability to make yourself valuable to a company, to contribute to the goals of the business, and to be a positive role model for others in the company will give you more opportunities than you can possibly handle in one lifetime. That's a lot more fun than trying to
      • Can you give us an idea of how you would write a 'guaranteed contract'? I'm just curious as to the language you would use.

        Company will pay employee their salary in full for the entire length of the contract, layoffs and idiot managers notwithstanding. Just like any other guaranteed contract.

        That's a lot more fun than trying to find the right company to be your surrogate parent.

        I wouldn't have any problem with the "hired Monday fired Thursday" business model if the employee could simply cancel their credi
    • Not all of us are cubical drones. I have been UNIX contracting for 10 years. I generally do project-based stuff -- I only work for companies for ~ 6-8 months, sometimes shorter. I think I prefer visiting all kinds of offices, and working on all kinds of equipment, to being shut-in to only one limited function. Like they say, though, to each his and/or her own.
    • Hmm. In other words, you mean to say that the software industry is virtually the same in that respect to every other private sector industry these days?

      Tell me one (non-government) job in any industry that is guaranteed to pay off a thrity year mortgage and I'll give you a free cookie.
  • My big complaint with this supposed economic "turn-around" is that it's leaving a lot of folks behind. Yes, the people who managed to stay with a large company, working with cutting edge technologies this whole time are in good shape. So are recent college C.S. grads. and those entering the program today. But an awful lot of talented computer people fell through the cracks in the early 2000's, forced to take big pay cuts and work in positions well below their potential, just to make ends meet. Now, thes
    • I guess Oracle appears to know what you are talking about:

      "Oracle Database 10g Express Edition [oracle.com] (Oracle Database XE) is an entry-level, small-footprint database based on the Oracle Database 10g Release 2 code base that's free to develop, deploy, and distribute; fast to download; and simple to administer."

      And Microsoft too, kinda:

      "We originally announced pricing of Visual Studio Express [microsoft.com] at US$49. We are now offering Visual Studio Express for free, as a limited-in-time promotional offer, until November 6, 2006

  • Temps (Score:2, Informative)

    by Anonymous Coward
    Some of the big tech companies here in Silicon Valley are only hiring temps. Others are simply putting up job ads because they're required to, or they're for tax breaks -- if someone actually qualifies, that would just be a bonus.

    I got my current job because I know someone. No way I would have gotten this job otherwise. I know this because I was told so by my manager who hired me. I have a lot of experience, but in other areas. Directly experienced candidates (before me and currently) for the same exact job
  • Comment removed based on user account deletion
  • Rent is going up and people who said $1,000,000 was too much for a house are thinking differently. Silicon valley isn't like Detroit or Minnesota. When the wind changes from one industry to another, the population changes. The QA engineers and programmers have moved out. The managers and venture capitalists have moved in. In 2015 they're going to be saying $7,000,000 is cheap for a house.

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