From Joel Kotkin writing at the Daily Beast online:
The $300 million payout from tech giants like Google and Apple to settle a lawsuit brought by employees makes it clear that Silicon Valley is out for profit, not to change the world....
But the collusion case amply proves what has been clear to those watching the industry: greed and the desire to control drives tech entrepreneurs as much as any other business group.
The Valley is great at talking progressive but not so much in practice.
In the very place where private opposition to gay marriage is enough to get a tech executive fired, the big firms have shown a very weak record of hiring minorities and women.
And not surprisingly, firms also are notoriously skittish about revealing their diversity data.
A San Jose Mercury report found that the numbers of Hispanics and African Americans employees in Silicon Valley tech companies, already far below their percentage in the population, has actually been declining in recent years.
Hispanics, roughly one quarter of the local labor force, account for barely five percent of those working at the Valley’s ten largest companies.
The share of women working at the big tech companies - despite the rise of high profile figures in management—has also showed declines...
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Link: http://www.thedailybeast.com/articles/2014/04/25/silicon-valley-s-giants-are-just-gilded-age-tycoons-in-techno-utopian-clothes.html
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