Silicon Valley’s ‘prosperity paradox’ explains rampant poverty

Chris Weller:

At one end are California’s wealthy and super-wealthy – the 76,000 millionaires and billionaires who call Santa Clara and San Mateo counties home. At the other end are the thousands of people who struggle to feed their families and pay their bills each month. Nearly 30% of Silicon Valley’s residents rely on public or private assistance.

Wealth inequality gaps of that size exist elsewhere, but in America’s epicenter of innovation, the gaps demand extra attention. And if Silicon Valley manages to close those gaps, perhaps less-unequal areas could do the same.