As Washington, D.C., and Wall Street sound early alarms on a potential tech bubble, a Morning Consult poll shows those living on the West Coast, the home of Silicon Valley, are the most confident that the historic spending is happening on solid ground. Federal Reserve chairwoman Janet Yellen warned in July that some tech start-ups were potentially overvalued. Earlier this month, prominent venture capitalist Bill Gurley and some other top investors agreed the tech industry was nearing a turning point. But when asked if conditions were better, worse or the same when compared to the 2000 tech bubble, those who are most likely to be impacted by a bubble popping are also the most confident about the current market. People making over $100,000 said that things are better now at a rate nearly 20 percent higher than the entire sample. People living in the Pacific region were even more confident, saying things are better now at a rate nearly 30 percent higher than the sample. Morning Consult polling also shows that concern over tech sector inflation is seeping into the public consciousness. Sixty-three percent said that they believed conditions in the tech sector are the same or worse than they were during the dotcom bust, versus only 37 percent who said that conditions are better today. But many experts say that any effects of a tech bubble bursting now would be isolated.
