However, over the first five months of 2019, Santa Clara County's share of tech jobs had grown slightly to 45.6 percent, while the San Francisco-San Mateo metro posted a small drop, to 34.8 percent.
During that time Santa Clara County gained 8,500 tech jobs, a 2.3% increase, while the San Francisco-San Mateo metro region added just 3,400 tech positions, or a 1.2% gain.
The region benefits from stalwarts such as Google, Apple, Facebook, LinkedIn, and Adobe. Plus, companies such as Amazon, eBay, Intel, Cisco, Applied Materials, and Lam Research figured out not only how to survive the dot-com meltdown, but in some cases, to become dominant players.
"Recessions are typically caused by overbuilding, whether it's overbuilding of homes, or manufacturing, or computers, or software," said Jerry Nickelsburg, an economist and director of the UCLA Anderson Forecast, a closely watched quarterly report about the California economy. "We don't see any evidence that the tech sector has overbuilt things."
What's more, tech companies continue to produce hardware, software, internet, and social media services and products that remain in strong demand, experts maintain.
"In terms of any kind of a tech bust any time soon, I just don't see it," Bajarin said.
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