It looks like you don't work / live in Silicon Valley, but you have good instincts and insights, and some incorrect reads. Here's what I see:

- IPOs and venture funding is super healthy, on fire and not headed for any downward correction this year

- tech jobs market is vibrant and healthy, for the top jobs and top companies, while the plodder companies are not hiring much

- yes, tech eliminates jobs, let's get used to it. I'm not sure there's anything we can do about it, unless we want to be Afghanistan and use donkeys to carry the fruit to market

- tech giants are very unpopular and under attack but not in serious danger of being broken up. They have more power than countries and in some cases more money

- republicans hate tech elites because a) they create a moneyed class of young liberals who have power, b) they exercise power over free speech and can threaten the voice of alt-right groups in media

- democrats increasingly hate silicon valley: they hate the job elimination, and mostly they hate rich people.

- diversity is a problem in tech workplaces: Indian and Chinese people do well, while Latinos, African Americans, Native Americans and older people absolutely do not get in the door. This could cause problems, or maybe we'll accept that it's a racist prejudiced place and move on.

- the Silicon Valley economy is crackling with energy and wealth and innovation. The mini exodus to Austin and a couple of other places is welcomed, as our home prices are too high.

- ont thing we forget: the founders and employees of wildly successful startups are elevating themselves from mediocrity to significant wealth. There isn't another place in the US that creates new wealth as quickly as Silicon Valley. Do we want to resent that?