Thursday, April 03, 2014

Silicon Rust

The un-tethering of innovation from geography at Pacific Standard magazine.

Theme: Convergence of Innovation Economy.

Subject Article: "Vivek Wadhwa: Location No Longer Determines Success."

Other Links: 1. "Silicon Shore: How Newcastle Quietly Became A Tech Hub."
2. "The New Geography of Jobs."
3. "Talent Is the New Oil: OPEC of Tech."
4. "Cleveland's 'trouble-making' demographer gets a center to plot the region's growth."
5. "Cost-of-living chasm buoying tech firms."
6. "Midnight in the Rust Belt."
7. "Creating Reagan's image / S.F. ad man Riney helped secure him a second term."

Postscript: To put a bird on Silicon Valley decline, Financial Times story about the H-1B visa rush:

Last year, that allotment went in the first few days after applications opened. This year, immigration attorneys and company executives say, the race will be as tough, if not tougher, as rising tech valuations have fuelled demand for coders.

That is pushing some companies to think more strategically than before about immigration, said John Bautista, a partner with Orrick, a law firm in Silicon Valley.

In the past few months, he says, some companies with US-only operations have started asking whether they could open a new office abroad in order to recruit people and then bring them into the US on a type of visa allocated to existing employees for internal transfers.

“Before [corporate boards said], ‘We’ve got someone we want to hire, what’s the best way to bring him over?’”, said Mr Bautista. “Now it’s, ‘We have a hiring problem, let’s use the immigration laws to come up with an overall strategy to bring teams of people onboard.’”

Silicon Valley has a hiring problem. It no longer corners the market on tech talent.

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