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| San Francisco Skyline, January 2012 (Photo by Jim Wong) |
CCSF college students and Bay Area residents ignore the
reality of the tech sector at their own peril.
Tech related companies are booming, hiring people with skills in tech-digital expertise, business functions, and administrative support. As
these businesses hire and grow, they inject monies into the City’s economy and change the landscape.
Sadly, this has fueled a well-publicized housing crises as well off tech workers stream into the San Francisco housing market and fuel resentment from residents feeling left
behind the economic surge.
Current CCSF students can gauge what business sectors
will likely be growing to plan their education and future job search for. Obviously, direct technical skills and
knowledge to help create-promote products and ideas in the new digital industry will be a good choice. However, not everyone
has these primary skills (including yours truly!). Traditional business skills
like accounting, finance, marketing, and operations will always be needed in
every organizational – tech or otherwise, so having these skills (even
at the entry-level) will fill important support needs for the surging tech sector.
Secondary industries will also grow as tech worker's spending “trickle down” into restaurants, recreation, the latest tech gadgets, and personal services. Housing-real estate, dining, and personal services will benefit from our new tech residents.
During the boom times all varieties of jobs were plentiful but the 2007 Great Recession
slowed down all the major sectors of the Bay Area economy. As the major business drivers (Finance, retail, tech) contracted so did jobs in the
secondary sectors. It is only now they
are coming back, albeit slowly but surely.
Understanding tech related companies is one of the Bay Area’s biggest economic drivers and their secondary impact will help students and job
seekers plan more effectively for the new economic realities of the San Francisco
Bay Area.
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