A closer look: Bay Area jobs and billionaires

AIRLINE EXECUTIVE ALSO SAID THE COMPANY IS FOCUSED ON MAKING SURE IT'S SAFETY AND QUALITY STANDARDS STAY HIGH ENSURING SIMILAR ISSUES DO NOT HAPPEN ON ONE OF ITS OWN AIRCRAFT. >> TWO CONTRADICTORY HEADLINES. PIERCING RECORD-SETTING WELL AS IN LOCAL BILLIONAIRES. ALSO A DROP IN LOCAL JOBS. IT'S SPRING IN OUR BUSINESS AND TECH REPORTER SCOTT BUDMAN WITH SOME INSIGHT. >> LET'S START WITH JOBS. JOB GAMES STREAK HAS BEEN BROKEN. IT'S A SLOW DOWN THAT COMES EVEN AS TECH STARTUPS TRY TO FIND ENOUGH EMPLOYEES TO KEEP GROWING. >>> RELIABLE ROBOTICS A MOUNTAIN VIEW COMPANY MAKING HARDWARE SOFTWARE TO FLY PLANES AUTONOMOUSLY IS GROWING AS FAST AS IT CAN. >> WOULD GROW A LOT FASTER IF WE COULD. >> Reporter: CEO ROBERT ROSE SAYS LIKE MANY STARTUPS HIS COMPANY IS LOOKING FOR QUALIFIED TALENT RIGHT NOW. >> WE ARE LOOKING IF YOU GO TO OUR WEBSITE YOU WILL SEE ALL OF OUR JOB LISTINGS THERE. >> Reporter: WHILE A FEW BUSINESSES CONTINUE TO GROW THE OVERALL BAY AREA JOB MARKET HAS HIT A SPEED BUMP. FEBRUARY SAW A LOSS OF 2400 JOBS IN THE EAST BAY 1000 JOBS IN DISCO AND 100 JOBS IN THE SOUTH BAY. NOT HUGE NUMBERS BUT WALLET HUB TRACKS LOCAL JOBS CALLS IT A CORRECTION. >> STARTED THE YEAR IS VERY COMMON FOR COMPANIES TO MAYBE SCALE BACK ON HIRING OR RESORT TO LAYOFFS TO TRY TO BALANCE OUT THE EMPLOYMENT COSTS ON THERE. >> AND AFTER THIS BALANCE PROFESSOR MARK KENNY'S TWO TRACKS VENTURE CAPITAL SAYS THE DOLLARS .2 MORE TECH RELATED HIRING IN THE NEAR FUTURE. >> SILICON VALLEY AND SAN FRANCISCO IS REALLY THE CENTRAL LOCATION FOR INVESTMENTS AND HIGH POTENTIAL STARTUP PARTICULARLY IN HIGH TECHNOLOGY AREAS LIKE AI. >> INVESTMENTS THAT WILL HELP STARTUPS LIKE LIABLE ROBOTICS CONTINUED TO SOAR. >>> SPEAKING OF HIGH FLYERS HERE IS THAT OTHER HEADLINE IN GOLFING TECH, VENTURE CAPITAL AND THE START DOCKET. TURNS OUT THE BAY AREA HAS THE MOST BILLIONAIRES OF ANY REGION IN THE UNITED STATES. 68 OF THEM. NEW YORK IS SECOND. THE TWO REGIONS FLIPPED BY THE WAY WHEN IT COMES TO MILLIONAIRES. NEW YORK 350,000 IN THE BAY AREA JUST ABOVE 300,000. NONETHELESS THAT IS A LOT. HIGH WEALTH PEOPLE LIVING AMONG US.

Channel: NBC Bay Area

Views: 18,892

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Id: RKO4zg4YLG8

Length: 2min 40sec (160 seconds)

Published: Sat Mar 23 2024