Berkeley CSUA MOTD:Entry 50419
Berkeley CSUA MOTD
2021/06/19 [General] UID:1000 Activity:popular

2008/6/30-7/14 [Science/Electric, Science] UID:50419 Activity:nil
6/30    Does the average tech worker in SV really make $144k/yr??? (Business Week)
        \_ Average is meaningless.  Median is the statistic that you should
           care about.
        \_ The smaller headline reads "And with the number of tech grads
           falling, demand will only rise".  The author never took Econ 1.
        \_ The comments to the article don't seem to agree with the article.
        \_ Is this because all the tech workers who made less were sufficiently
           replaceable that their jobs were outsourced out of SV?
2021/06/19 [General] UID:1000 Activity:popular

You may also be interested in these entries...
2013/7/8-8/23 [Science/Physics] UID:54705 Activity:nil
7/8     Why do immigrants kick ass in science?
        \_ Cuz they have no friends
        \_ Cuz excelling in science requires less background of the local
           culture than excelling in other areas.
2012/12/4-18 [Science/GlobalWarming] UID:54545 Activity:nil
12/4    "Carbon pollution up to 2 million pounds a second" (
        Yes, that's *a second*.
        \_ yawn.
        \_ (12/14) "AP-GfK Poll: Science doubters say world is warming"
        \_ (12/14)
Cache (3468 bytes) ->
View Slide Show Here's a hint for high school graduates or college students still majoring in indecision: Put down that guitar or book of poetry and pick up a laptop. Study computer science or engineering, and plan to move to a big city. The organization's Cybercities 2008 survey says that 51 cities added high-technology jobs in 2006, the most recent year for which data were available. The survey tracks new jobs related to the creation of tech products, including fields such as chip manufacturing and software engineering. It is the AeA's first such survey since 2000, which was taken before the crash of the tech bubble that created so many jobs in the late 1990s. And while slowing economic conditions have dulled the pace of growth since the 2006 data were collected, AeA researcher Matthew Kazmierczak says it's far from turning south. "Nationally, there are some data that show the rate of growth has slowed since 2006, but it hasn't gone negative," he says. Seattle added a net 7,800 jobs during the period surveyed, followed by the New York and Washington (DC) metro areas, which added more than 6,000 jobs apiece. Riverside-San Bernardino benefited from higher costs of living in nearby Los Angeles and Orange County. Salary Strength The highest concentration of technology workers--286 for every 1,000 workers--was in, no surprise, Silicon Valley. Now for the answer to the question on everyone's mind: Where are the highest salaries? That would be Silicon Valley, where the average tech worker is paid $144,000 a year. That's nearly double the $80,000 national average for tech jobs. San Juan, Puerto Rico, had the lowest salaries, with an average of $38,000 a year, but living expenses there are also considerably lower. And if you took Economics 101, you know that's good news for paychecks. Already, tech wages are 87% higher, on average, than in the rest of the private-sector job market. Tech wages are also growing faster, by an average of 4% a year--double the 2% reported for private industry as a whole. A Shrinking Pool of Potential US Hires The AeA's findings jibe with what the US Bureau of Labor Statistics says on the subject of technology jobs: More than 850,000 IT jobs will be added during the 10-year period ending in 2016, which would be a rise of 24%. Add all the jobs that will replace retiring workers, and the total increase could be a tidy 16 million. That means one job in every 19 created over the course of the next decade will be in technology. And while demand for tech-savvy employees is certainly multiplying, another survey, this one from the Computing Research Assn. and released in March, found a 20% drop in the number of students completing degrees in computer-related fields, and the number of students enrolling in these programs is the lowest it's been in 10 years, as far back as the data go. AeA's Kazmierczak says this confirms what its members are saying about their ability to hire new employees. Unable to find enough US citizens for tech jobs, US companies scoop up as many foreign nationals as they can using the limited pool of H-1B work visas issued by the federal government each year. But it's not enough, and the process is slow and cumbersome. "Our members are having problems finding a number of qualified workers," he says. "The US doesn't really allow foreign nationals to compete in the job marketplace--we essentially tell them to go home to their own countries and to create competition there."