Communications of the ACM
Silicon Valley Tech Workers Earning Less Than in 2000
The Wall Street Journal
While some of the latest government wage data appears to show that Silicon Valley's high-tech workers are making more now than they did in 2000, a closer look at the numbers shows that's not exactly the case.
High-tech employees in Silicon Valley – including semiconductor, computer and software makers, Internet workers and scientific-research-and-development workers, among others – earned $130,700 per person in 2009, based on annualized wage data from the first half of last year, compared with $120,100 in 2000, according to the Bureau of Labor Statistics.
But adjusted for inflation, such workers made just $105,500 apiece in 2009 based on annualized data, or 12.2% less than those in 2000, the BLS said Tuesday as it released a report on trends in high-tech wages and employment since the dot-com area.
The decline in earnings was echoed across Silicon Valley, with non-tech workers in the region also making less in 2009 based on annualized, inflation-adjusted numbers than in 2000.
From The Wall Street Journal
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