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Techie Pay Approaches All-time High
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."
This is a link to a news source in Australia. They then link to informationweek.com, who is in the US. But I've never heard of the company who runs the survey they are talking about, so I have no way to know who was surveyed about their wages.
Damn_registrars has no butt-hole. Damn_registrars has no use for a butt-hole.
I dunno, I've thought about it a million times, and when it comes down to it our only real skills are memorization, problem domain reduction, patience, discipline, and critical thought ... which boils fairly well down to critical thought. Once I come to that conclusion, I can't help but wonder if I even want to be so rare.
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The other problem with this comparison is that this is only looking at contractor pay, not full-time employee salaries. As full disclosure, I work for a firm that provides IT Staffing as one of its services. Yes, certain in-demand skill sets are getting big bucks. Where I work locally, there have been so many positions posted for various C programmers that we simply can't find anymore, and the ones who will move for a short term or mid-term project are asking and, by and large, getting ridiculous salaries.
But when we do full-time placements, I'm not seeing a big increase. Not only that, but the majority of positions we filled this year were full-time placements.
So I think saying they are at an all-time high needs to be qualified: for certain contractors, which are the jobs where companies like Yoh are most likely to be placing candidates.
Bill
Compared to what? Internationally or nationally? I don't know about the national inflation of the US, but when you compare the USD to other currencies from large markets, I'd say no, it didn't lose 5.5 percent of its value. It lost much more.
We used to have a Bill of Rights. Now, with the rights gone, all we have left is the bill.
Bingo - How do you think that people get experience? The WoW fairy?
Eventually wages will rise to the point that american businesses realize something they should of been thinking about years ago - You need people of all skill levels. Apprentices are necessary.
Heck, I was shocked to see that the USAF is finally acknowledging that - they would ramp up tech school training, give huge bonuses to keep people in(and get them in), then proceed to force people out when they went over their requirements. Result: Fields were unbalanced, with either too many higher ups or too many juniors. Now they're finally accepting that while things might be a little more 'unbalanced' in the short term, plotting further into the future is a good thing. Because then they can adjust course with a tap instead of a sledge.
Businesses need to realize this as well - while you might loose 80% of your apprentices to other jobs, you should keep at least some of them. Provide the right benefits and treat them right, and you might keep over half of those you want - making the program worth it as you collect talent from the beginning.
I don't read AC A human right
Actually... I would say there's three things at play here...
1) We're techies... we like problem solving... especially interesting ones. Keep us fed with interesting problems, and we'll stay for a long time.
2) IT people (as a group), are generally bad at negotiating.
3) A standard fear of change... everyone has it. Especially when it comes to jobs and paychecks (unless they're going up).
And I worked for many years at small companies... working the 60+ hours. About two years ago, I was without a job, and got one at a faceless corporation. It's amazing, my stress level is lower, my pay is higher (by a significant amount), and my hours are generally less. The other IT people who I work with who started by interning for this company don't seem to understand how bad it can be... which amuses me...
Nephilium
Insightful my ass. I used to work for the electric company, and then was a customer for them five years later. According to this AC, my electric bill should have been around 55% higher after 5 years, but my bill was strangely about the same (maybe up to 20% higher - maybe). Claiming that what China does is an indicator for the dollar is ridiculous considering the way they treat their own currency. When they let the value of the yuan fluctuate with the market, then you can use them as an indicator.
And then you start rambling about grain. I remember a couple years back that there was a grain scare, where they said the price was going to skyrocket and it never did. As for paying what food costs, I'm all for it, I would rather pay at the grocery store for my food than pay through my taxes to get cheaper food from our farmers and to also pay them to leave land fallow.
I also love the number of links you've put in your article and the complete lack of references. You read like someone saying that they've found a way to harvest free energy, or that you've disproved the theory of relativity - you throw out some terminology, make some up, confuse the hell out of people and then come to a conclusion.
to a service economy in the 80's (and now import everything).
-and then all those jobs were outsourced in the 90's.
and if you don't think we're poorer - don't take my word for it - when you index mean salary against inflation
(and this is without !energy! & !food!) - you see a decrease in wage rate. And that my friend, is an economic *fact*.
and incidentally a 5.5% raise, means 5.5% of *fiat* money. it means I have 5.5% more paper in my pocket - how much
paper is out in the market (or in this case ledger entries) {which have *nothing* to do with import/export), is the
real question -- and I'ld be willing to bet that more effective money has been introduced in the market through
shoddy loans, then that 5.5% increase pay indicates should exist.
Lastly, it was raised, 5.5% since what? 2006? come on now. compare it 2000 or 99 and then I might be impressed.
And give me a total number of people employed so I can judge relative wealth (e.g. area underneath the histogram)
Just last week they released a study that indicates that the "poor" in the US today have a higher standard of living then the "poor" in the US in the early '70s. By way of anecdotal evidence, I grew up the youngest in a large family. Today, I have a good friend who has a large family. My friend's career track resembles that of my father, his wife's career resembles that of my mother. His family is significantly better off than my family was when I was growing up.
The truth is that all men having power ought to be mistrusted. James Madison