Another nice stat... the average pay for ALL workers--not just tech--in the San Jose metro is $67,850. San Francisco is at $63,290.
Source: SJBJ
Saturday, February 18, 2012
Saturday Stats: Average Silicon Valley Tech Salary Tops $100,000
For the first time, Silicon Valley tech worker salaries are averaging over $100,000 per year. Those are just salaries, not even including bonuses or other benefits. This is 25% higher than the national average for the tech industry. From 2010 to 2011, tech salaries nationally grew at a rate of 2% while Silicon Valley salaries rose by a staggering 5.2%. Contractor rates in Silicon valley rose an astronomical 11% to $74/hr (the national average was 2% here as well). Given our shortage of qualified workers, this trend will likely continue for at least a couple more years.
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Joshua,
ReplyDeleteI have always appreciated your upbeat enthusiasm for our city, but sometimes it is important to keep a sober outlook on our state of affairs:
http://www.nytimes.com/2012/02/19/us/in-san-jose-budget-woes-take-a-toll.html?hp
SD
It's a crappy time to work for the city (or county) for sure. Hopefully we can balance the deficit in 2013 without having to cut any more city jobs or services.
ReplyDeleteSan Jose needs a living minimum wage while we're getting all excited about $100K+ salaries.
ReplyDeleteOr better training offerings to let more people access high-paying tech jobs. Right now there aren't enough qualified people to fulfill most of the tech job openings. We could bump the minimum wage by 20% or train people to do entry level tech jobs where the base pay is 200-300% more (I think we should do both, but I think the latter will benefit everyone much more).
Deletedude that is actually a fantastic idea and i feel like it gets no respect in San Jose. High Tech Trade schools would be great and the South Bay could be a trendsetter.
DeleteDerek and Joshua:
ReplyDeleteWe need both. Lower paying jobs need not mean "low" quality life-not everyone will earn 100K, but there should be many, many options at a 30-50K scale that include better benefits and access to social-civil services.
Not everyone can be a tech expert and the running of cities and life entails occupationally diversified reality. SD