Silicon Valley Charity Doesn’t Cut It

Protesters with signs gather at the entrance to Twitter's headquarters in San FranciscoRecently the leaders in the tech industry met in San Francisco’s silicon valley for TechCrunch’s seventh Annual Crunchies Awards. Inside the room was filled with CEO’s from major companies like Google, Twitter, and Facebook, while the sidewalk outside was filled with protestors. Those holding the signs were there because of the result of the booming tech industry: gentrification and displacement.

The rise of Silicon Valley has gentrified many areas, raising rent rates and forcing middle-class working families out of their homes. As if to add insult to injury, Twitter negotiated tax breaks with the local government after threatening to take their business out of San Francisco. The result was a group of unhappy, hard working Americans protesting the Crunchies Awards and asking for help.

Silicon Valley has responded with a few CEO’s starting charities. Some, like investor Ron Conway, are even working with the major to find solutions and to use the leverage of the tech industry for good. It may be that the only reason the tech company is taking action on this issue is because of the protests and an effort to improve their image.

The protests have pointed out that the charity the tech industry has attempted to put together is not enough. Some measures are as backhanded as Spotify, the music playing service that promised to “pay for employees to attend local performances including concerts, theater, dance, or performance art shows” in an effort to help the community.

Because of the tech boom rental rates have risen 72 percent since 2011 and the instances of no-fault evictions have doubled in the past year. Some protestors want to see the tech industry pay for affordable housing, free public transportation and community parks.

The tech industry may not clearly see the large impact they have had on the San Francisco community. It is pretty clear that they are not doing enough to mitigate the damage they’ve caused to working class families.

from Douglas MacFaddin’s Volunteer and Charity Page http://ift.tt/1f3CwhC

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Published by: Doug MacFaddin

Douglas Willis MacFaddin was born June 16, 1961 in the Miamisburg Hospital to Patricia Ann MacFaddin and Richard Willis MacFaddin. My mother’s maiden name is Morrison and she is the youngest of seven children who were raised in Lycippus, PA. My father was the second of four children and was a twin. He was raised in the town of Viola, DE. At the time of my birth, my father worked at the Mound Laboratories in Miamisburg, Ohio in research. Mound was an Atomic Energy Commission facility for nuclear weapon research during the Cold War. My mother made a home for our family. My father passed away in 1991 and my mother is currently living in Avon, CT. Doug MacFaddin is the oldest of five children (Doug, R. Stuart, Anne Marie, Megan and Mary (Heather)). I lived in Ohio for two years, spent the next seven years in Murrysville, PA (outside of Pittsburgh), moved to Little Silver, NJ and relocated my senior year in high school to Avon, CT. My four siblings currently live with their families in Avon, CT and are members of St. Ann’s Church. I attended Mother of Sorrows School in Murrysville, PA. In NJ, I attended Little Silver Point Road School, Markham Place School and Christian Brothers Academy (CBA) in Lincroft, NJ for three years. My senior year, I attended Avon High School and I then spent the next four years at Union College, Schenectady, NY. I received a BS in Industrial Economics and graduated in June 1983. While at Salomon Brothers, I was asked to attend a two-week seminar for Public Finance at the University of Michigan in 1986. In Little Silver, I was involved in Troop 126 where I achieved the rank of Life Scout and was both a Patrol Leader and a Senior Patrol Leader. I also was an alter boy at St. James Catholic Church and spent summers a the Ship Ahoy Beach Club in Seabright, NJ and caddying at the Rumson Country Club. At Christian Brothers Academy, I wrestled for the varsity squad for three years. I took second in the districts my junior year and went on to the regionals. I also ran on their cross country team freshman year and was part of the CBA Colt team that hasn’t lost a duel meet since 1973. My senior year at Avon, I won the wrestling States (S). I went on to wrestle at Union College and qualified for the Div III nationals twice (1981, 1982) and was co-captain both years. My senior year at Avon, CT, I also won the States (S) in pole vaulting. It was the first time Avon High School had a state champ in two sports in the same year. During my four years, I earned nine varsity letters between wrestling, track and football. In 1979, I was accepted into The National Honor & Merit Scholars Society. Upon graduating from Union College, I accepted a position at Salomon Brothers Inc in August 1983. I was an analyst in their Public Finance department at One New York Plaza. I lived in Park Slope, Brooklyn and spent the next four years working at Salomon Brothers. As a result of Black Monday, October 19, 1987 the Public Finance Department of Salomon Brothers was jettisoned to conserve capital. By November 1, 1987, I was working at Dean Witter Reynolds in the new Public Finance Department made up of many of my former Salomon Brother’s colleagues. The new Department was located on the 57th floor of 2 World Trade Center.

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