June 13, 2023
The purposes of the Silicon Valley Pain Index [SVPI] report are to: (1) Provide an efficient, easily digestible, statistical overview of structured inequalities to inform policy and practice in "Silicon Valley."(2) Serve to measure Santa Clara County's performance as a "human rights county," which it declared in 2018 in accordance with the International Bill of Human Rights and in accordance with the Convention on the Elimination of All Forms of Discrimination Against Women [CEDAW] in 2023. (3) Spark collaborations between scholars, students, stakeholders, communities, and policy makers to address inequality and achieve greater human rights practice.Originally inspired by Professor Bill Quigley's Katrina Pain Index following the devastating 2005 hurricane and later by national protests in the wake of the police murders of George Floyd and Breonna Taylor (2020), the 2020, 2021, and 2022 SVPIs illustrated the persistent racial discrimination in employment, education, and housing as well as the general income/wealth inequality that were exacerbated by the COVID-19 pandemic and continue to define our region. In contrast, the 4th Annual (2023) SVPI features new data that highlights the region's persistent inequalities, and the astronomical concentration of wealth into the hands of an incredibly small number of households and companies. As Russel Hancock, President and CEO of Joint Venture Silicon Valley, asserted, "If Silicon Valley were a country, that kind of wealth disparity would be considered politically unstable."