Slashdot Mirror

← Back to Stories (view on slashdot.org)

Techie Pay Approaches All-time High

Posted by ryuzaki0 on from the payday-still-good dept.

Stony Stevenson sent in this ITNews story which opens, "Techies were paid nearly record-high hourly wages in the third quarter, according to a new report released Thursday by staffing firm Yoh. Based on data compiled from 75 Yoh field offices and 5,000 technology professionals contracted in short and long-term projects, pay increased an average of more than 5.5 percent for the quarter ended Sept. 30, compared to the same period last year."

2 of 361 comments (clear)

  1. Well duh by Reason58 · · Score: 5, Informative

    McDonald's workers were also paid more than any other time in history. If you are going to a study like this without adjusting for ever-present inflation, then of course you will constantly see new records.

    1. Re:Well duh by Anonymous Coward · · Score: 5, Informative

      As your currency goes down, you are in fact more poor: Wealth, income and purchasing power are all lower on a globally defined basis. Your domestically defined purchasing power is indeed higher compared to other countries domestically defined purchasing power, but given the rather grotesque trade deficit you're carrying, net-net it means you're gonna pay more for stuff overall.

      Granted, it also means that your assets (including labor) are cheaper on a global basis, and other countries will buy more of them when the bloodletting starts to end. But, you can't have it both ways. They will buy more of you and your stuff because, indeed, you are poorer.