The World Economic Forum is a global organization dedicated to economic improvement and innovation. Now, the World Economic Forum comes to San Francisco, neighboring the Silicon Valley. The San Francisco stay is permanent.
They chose San Francisco for their second US office. Since the San Francisco Bay area is a tech powerhouse, it makes perfect sense to choose this city. The other US headquarters are in New York City. While global headquarters are in Beijing, China and Tokyo, Japan. Therefore, leader Murat Sonmez is very optimistic about this decision. In a statement, he said, “Technology is having an unprecedented impact on the global economy…and it’s happening very, very fast.” As a result, Sonmez will be running World Economic Forum operations in San Francisco.
Also, tech giants like Uber and Twitter’s headquarters are there. As a result, young workers flock to San Francisco. They have dreams of tech stardom in their heads. Also, many dream of starting their own tech businesses. And they look for venture funding. Tech employment quadrupled this decade in San Francisco. The World Economic Forum slightly adds to it. About 60 staffers will solicit policies about technology.
First of all, I applaud this move. San Francisco is a tech powerhouse. Any global economic organization wants to be here. I hope San Francisco uses this to address the problems. The cost of living is astronomical. Rent is out of control. Furthermore, wealth inequality in San Francisco is at an all time high. They should use this time to solve these issues. Maybe this is an opportunity to reconcile the issues. Furthermore, let’s not forget the lack of diversity in the tech market. Yes, it’s gotten a little better in the last couple of years. That’s only because they addressed the issued. This forced tech companies to do something about this embarrassing issue. ?Will the World Economic Forum help with this? How will the World Economic Forum help with the San Francisco tech boom?