Silicon Valley Pain Index: Tech wealth grows as Black household income falls [mercurynews.com]er
By Jesse Bedyan, The Mercury News, June 23, 2021 Since 2020, the top 10 Silicon Valley moguls have more than doubled their net worth to $571 billion while the average per capita income among Latinx residents in the valley increased by 5.4% to $30,618, according to the second annual Silicon Valley Pain Index released Tuesday. At the same time, the average income of Black residents declined by 1 percent to $40,381. “We’ve created Kings,” said Scott Myers-Lipton, the report’s lead author, “and...