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Study Predicts 9% Drop In Salaries of New CS Grads This Year
Jim_Austin writes: The first report on the class of 2015 from the respected National Association of Colleges and Employers (NACE), which conducts surveys of employers' hiring intentions throughout the year, projects a 9% drop in the salaries of new computer science bachelor's degree graduates, from $67,300 in 2014 to $61,287 this year.
Reader phantomfive sends this news on a related subject:
The Brookings Institute has released a report showing where the tech jobs are in the United States. Of course, San Jose comes in first, but Kansas is high up in the list. Michigan and Utah also were surprisingly high. On the other hand, if you live in Minnesota and you think there are no tech jobs, you are probably right.
All those H1Bs are taking effect! No wonder the tech industry loves the prez.
Clearly the shortage of tech workers has gotten so bad in the USA that the laws of supply and demand no longer hold true. Cats and dogs are living together, and pigs fly through the air with reckless abandon!
Congress must act to raise the H1B cap even further before it's too late.
Wall Street aside, we never left the last one.
Maybe if Congress weren't busy sucking Zuck and Gates and Larry's dicks, they'd actually call hearings as to why CS grads were earning less if there were this huge shortage of programmers. Either (a) our economic models are somehow incredibly wrong, (b) we're teaching CS students absolutely nothing useful, or (c) it was a ruse to lower labor costs to increase profits all along.
Other than that, I'll just say I have a suspicion as to which of those three causes is most pertinent.
That is all.