A recent poll conducted by the Bay Area News Group and Joint Venture Silicon Valley has unveiled a troubling sentiment among residents and workers in the Bay Area regarding the tech industry. The survey reveals that a significant majority believe major Silicon Valley companies have lost their moral compass, with 75% of respondents expressing that these firms wield excessive power and influence that cannot be trusted.
The findings highlight a growing concern about the impact of the tech industry on the region’s housing crisis, with 80% of participants attributing the soaring cost of housing to the practices of Silicon Valley companies. Respondents voiced frustrations over the lack of concern these corporations demonstrate for the well-being of Bay Area residents, further fueling distrust in the tech sector.