Editor's note: Will Silicon Valley's technology-driven economy continue to grow in the coming decades? Or will it wane as technology spreads globally? This week's rosy job outlook in the valley provides false hope for the long run. Can't ignore history. Even the greatest industries one day hit a plateau and fade like aging ballplayers. Here's a revised post on the topic from last year, when tech stocks rallied and fired up the broader market.
AS CISCO SYSTEMS, Intel and other U.S. tech titans spearhead another economic recovery, I wonder how long Silicon Valley and the U.S. tech realm will reign as the world's preeminent force for business growth and innovation.
Tech watchers have long debated the question, and time-honored "Whither Silicon Valley?" stories by the media surface every 5 or 10 years. (I plead guilty to writing a couple myself, including "Tech Industry Struggles To Cope With Its Losses" in USA Today, when many thought the growth of the New Economy and the dot.com boom would never end.)