Uploaded on 2017-02-13 by Heike Kaiser
1. The most important stocks and flows (at least three) entering, staying in and eventually leaving San Francisco and the Bay Area: - international start-ups and high tech companies - capital - housing - labor immigrants - workers in general - homeless people 2. Describe your findings based on the concept of stocks and flows by presenting the necessary information or examples. The Bay area is the home to many of the world's largest high-tech corporations, including the headquarters of 39 businesses in the Fortune 1000, and thousands of startup companies, among them a significant number of "Unicorn" ventures, referring to startup companies whose valuation has exceeded $1 billion dollars. It accounts for almost half of all of the venture capital investment in the United States, which has helped it to become a leading hub and startup ecosystem for high-tech innovation and scientific development. Stocks: high-tech industry and capital Flows: more start ups settling in, more information flow Result: more workers needed The Immigration and Nationality Act of 1965 and other factors in the following decades resulted in significant immigration, particularly by Asians, Latinos, and Portuguese. The Asian-American population in Santa Clara County south of San Francisco, for instance, rose from 43,000 in 1970 to 430,000 in 2000. According to a 2008 study by AeA in 2006, Bay Area was the largest high-tech center (cybercity) in the United States, with 387,000 high-tech jobs. It also has the highest concentration of high-tech workers of any metropolitan area, with 285.9 out of every 1,000 private-sector workers, and it has the highest average high-tech salary at $144,800. As a result of the high tech sector, the area also has the most millionaires and the most billionaires in the United States per capita. Stocks: jobs in the high tech industry Flows: immigration and migration Result: Housing needed Due to massive immigration and migration into the Bay Area, the housing market soon could not provide for appropriate volume of housing. In addition, the complicated zoning rules in the area could not generate fast solutions. As a result, housing prices skyrocketed. People who do not work in high tech are being forced out of the city and even out of the region. 3. Imagine and shortly describe how these stocks and flows could change in the future for the benefit of your area. If there was a reform in the zoning regulations, investors could solve the housing problem and provide affordable housing also for low-income families.