The next chapter in the story of the haves and the have-nots in Silicon Valley is being written. On one side is a new group riding a booming market to record heights, and on the other side is a growing number of local residents struggling to even buy groceries. “We have the highest income an d wealth gaps of anywhere on the planet, and that’s fueled by tech,” Joint Venture Silicon Valley CEO Russell Hancock said. Tech, according to the latest Joint Venture Silicon Valley survey, is responsible for the following: The richest 10% hold 75% of the wealth in the region The bottom 50% hold 1% of the wealth More than a quarter of households are now unable to meet their basic needs NBC Bay Area’ Scott Budman has more in the video report above. ...read more read less