An anonymous reader writes: More than 22% of the jobs in Silicon Valley are now in the technology sector, reports the San Jose Mercury News, while the area has lost nearly 156,000 factory jobs over the last 15 years. But 59% of those lost manufacturing jobs were at tech companies, indicating that “the hardware has faded in importance compared with the software,” says economist Christopher Thornberg. “It’s all about the applications these days.” Over the last 15 years employment gains happened in “information” areas characterized as mobile/internet/social media as well as software and tech services — for example, at companies like Google, Facebook, Apple, and Salesforce — and at hotels and restaurants catering to high-tech workers. “It’s not just that tech is replacing other industries,” reports the San Jose Mercury News. “Tech is replacing itself.”
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