Silicon Valley powers to record job boom, but surge produces income and gender gap

The Silicon Valley economy is red hot and the growth is intensifying, according to the latest Joint Venture Silicon Valley Index, but the surge has been accompanied by a yawning income and gender gap. The study determined that the income gap between upper income people in Silicon Valley and lower income residents is at $92,000. Workers in the region holding high-skill jobs have a median income of $118,700 compared with $27,000 for workers holding low-skill jobs, said Rachel Massaro, vice president with Joint Venture Silicon Valley. The study also discovered a stark difference in income levels based on gender, even for those of the opposite sex with similar educational achievements.