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Most California residents think the tech industry is under-regulated, according to The 2018 Edelman Trust Barometer California Supplemental Survey.

Expand chart
Reproduced from Edelman Trust Barometer; Chart: Axios Visuals

Why it matters: The survey results show a trust gap between Bay Area and California residents and the companies that are driving innovation in their backyards.

Within the Bay Area, technology is the most trusted industry sector, but only 38% of those residents believe the growth of technology has benefitted them personally.

  • 63% of Bay Area residents say, “the tech industry makes the wealthy even wealthier, but doesn’t really help the rest of California.”

In the tech industry specifically, a majority of Californians (79%) believe tech companies have an obligation to speak out against policies that may hurt their employees or customers. But 66% say the tech industry is reactive, rather than proactive.

  • 58% of Californians are concerned that the tech industry has failed to protect them from data security threats.

Go deeper

Mike Allen, author of AM
6 hours ago - Politics & Policy

Biden adviser Cedric Richmond sees first-term progress on reparations

Illustration: "Axios on HBO"

White House senior adviser Cedric Richmond told "Axios on HBO" that it's "doable" for President Biden to make first-term progress on breaking down barriers for people of color, while Congress studies reparations for slavery.

Why it matters: Biden said on the campaign trail that he supports creation of a commission to study and develop proposals for reparations — direct payments for African-Americans.

Cyber CEO: Next war will hit regular Americans online

Any future real-world conflict between the United States and an adversary like China or Russia will have direct impacts on regular Americans because of the risk of cyber attack, Kevin Mandia, CEO of cybersecurity company FireEye, tells "Axios on HBO."

What they're saying: "The next conflict where the gloves come off in cyber, the American citizen will be dragged into it, whether they want to be or not. Period."

Cedric Richmond: We won't wait on GOP for "insufficient" stimulus

Top Biden adviser Cedric Richmond told "Axios on HBO" the White House believes it has bipartisan support for a stimulus bill outside the Beltway.

  • "If our choice is to wait and go bipartisan with an insufficient package, we are not going to do that."

The big picture: The bill will likely undergo an overhaul in the Senate after House Democrats narrowly passed a stimulus bill this weekend, reports Axios' Kadia Goba.

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