Silicon Valley: Mo' Money, Mo' Homeless
Silicon Valley has an increasing homeless issue.
As home to some of the wealthiest zip codes in the country, Silicon Valley's homeless rate has increased by 8%. The rest of the country has actually seen a 13% drop in homelessness.
So what's going on?
According to experts, a perfect storm of rising home prices, a growing wealth gap and a lack of adequately paying jobs is causing the trend.
Anyone who's visited San Francisco lately can attest to the homeless issue there - but Silicon Valley? Isn't it supposed to be the breeding ground of innovation and new-age gold-mine for wide-eyed tech entrepreneurs? Say it ain't so!
Do you think the tech millionaires in Silicon Valley should lend a helping hand?
Photo Credit: flickr/triciawd