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larb blog boom and bust

Boom and Bust and What Comes Next

Photo: Howard Street and First Street by Leo vanMunching.

Today’s post was originally published on LARB Channel Boom, and is available on their site or from their Summer 2014 issue. 

“Boom and bust is our lot and we must follow the ancient advice. . .that Joseph gave to the Pharaoh: Put away your surplus during the years of great plenty so you will be ready for the lean years which are sure to follow.”

—Governor Jerry Brown, State of the State speech, January 2014

By Celia and Peter Wiley

The red circles look like bomb splats in an illustrated history of World War II. They begin on the eastern edge of the city near the Ferry Building and spread westward along Market Street. The graphic is a map of “Tech Hot Spots” printed in the San Francisco Business Times (21-27 February 2014). Each circle represents one of the fifty largest technology companies in the city, the size of each circle determined by the number of the company’s employees. The largest tech employer, according to SFBT, is Salesforce.com with 4,000 employees as of January 2014 (an increase of a thousand from one year earlier). Currently located in the historic Southern Pacific building at One Market Street, Salesforce has plans to occupy a twenty-seven-floor tower at 350 Mission across from the new Transbay Terminal in 2015. Continue reading