Credit Brooks Kraft/Corbis, via Getty Images
Silicon Valley has disrupted many industries worldwide in the last few decades, but what is less talked about is how much it has also disrupted itself.
With all the jobs and riches brought by tech companies in Silicon Valley, the areaâs home prices have soared, making it increasingly unaffordable for some residents. Local transportation has been upended by a network of buses that ferry tech workers to their companies. Some Silicon Valley cities are just fed up with the cash-flush tech enterprises and want them to go away.
The ripple effects have also reached Silicon Valleyâs local restaurant industry, writes Nicole Perlroth, who delved into the once-bustling restaurant scene in Palo Alto, Calif.
There, she found that with tech companies luring away chefs and restaurant workers as well as more start-ups pushing up local rents, many restaurants could no longer keep afloat. More than 70,000 square feet of Palo Alto restaurant and retail space was lost to offices from 2008 to 2015, she writes.
The changes donât mean people will starve, but the character of Silicon Valley is transforming. Whatâs left are often national restaurant chains, well-heeled restaurants funded by venture capitalists and fewer of the mom-and-pop operations that once gave Silicon Valley towns like Palo Alto a distinct local flavor.