Eight Silicon Valley households have six times more wealth than bottom 500,000: report

Silicon Valley is an embarrassment of riches for some and a struggle to get by for many who live there, but a report Tuesday puts the gap between rich and poor in the cradle of technology and innovation into stark relief: Just eight households in the California region hold more wealth than the 500,000 at the other end of the earnings scale. The Fourth Annual Silicon Valley Pain Index published Tuesday by San Jose State University’s Human Rights Institute features new data that highlights the region’s persistent earnings inequalities and the astronomical concentration of wealth into the hands o...