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Mayor Lee’s wooing of tech firms gets parsed in WSJ

Monday, April 30, 2012

While it may be a boost for highly-skilled, educated tech workers, Mayor Lee’s dogged pursuit of technology companies (i.e., tax breaks for Twitter, Zynga) may have unintended consequences. The Wall Street Journal’s Vauhini Vara and Stu Woo look at some of those today (in a piece that’s, unfortunately, pay-walled), including these nuggets:
  • In the first quarter of 2011, the most recently available period, 5,377 jobs were created in the city for those with less than a high school education, compared with 9,374 for those with at least a bachelor’s degree.
  • As of the 2010 census, unemployment among San Franciscans with a bachelor’s degree was 6.2 percent; for high school graduates 11.7 percent; and for those without a high school diploma 14.3 percent.
  • San Francisco County is the only one in the Bay Area to have grown less ethnically diverse from 2000 to 2010.
  • The city continues to lose families, with school-age residents making up just 9 percent of the population in 2010, down from 10.4 percent in 2000.

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