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CEO Survey: When the Economy is Hot, the Quality of Life is Not

Here’s food for thought . . . Often, when our economy is hot, our quality of life is not.

This is certainly the case in Silicon Valley and the Bay Area, where our regional unemployment rate is near an historic low of 4.2 percent.

In the Silicon Valley Leadership Group’s just released “CEO Biz Climate Survey” of nearly 220 CEOs, nearly 2 of every 3 plan to add jobs – in the region – this year.

Amazingly, only 2 percent of the CEOs surveyed – or just five companies – anticipate making lay-offs here in the region in 2015.

That is a hot economy.

But with growth come growing pains, which we see every day on our highways and local streets and roads. Traffic congestion is the second highest concern of CEOs in the boardroom and of working families in their living rooms.

And speaking of living rooms, the high cost of housing is the highest concern – both of CEOs and our workers and their families.

So let’s celebrate the success of Silicon Valley’s innovation economy, but not for a moment must we stop working on the challenges that come with our success.

To learn more about this year’s CEO Survey, visit the Leadership Group at svlg.org/press/library.

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