Silicon Valley wages have dropped for all except highest-paying jobs:

Home Forums News & Current Events Silicon Valley wages have dropped for all except highest-paying jobs:

This topic contains 4 replies, has 4 voices, and was last updated by  Crow Bar 1 year, 6 months ago.

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  • #4852

    Crow Bar
    Keymaster
  • #4866

    Tolik
    Participant

    Seems like supply and demand , sense a lot of young people hate to get their hands dirty , they go into computer this , or that . Now there are too many them .

    • #4896

      Crow Bar
      Keymaster

      The tech industry is generally a high paying, white collar job, that provided a degree of security and mobility.

      Silicon Valley is where the jobs are at.  But the cost of living is so high, the government has determined someone making, IIRC, $112,000 qualifies for section 8.

      There have been some movement from younger people to move to less costly areas.  Even some companies are moving too.  But the big ones will remain in Silicon Valley.  For now.

      Funny thing is how many of the tech companies are “Progressive,” yet as the report states, only those at the top see pay increases.  Wait and see how the CEOs react when their employees start demanding 20 or 30% pay increases to keep up with living in CA.

  • #4868

    Daisy
    Keymaster

    Pair this with the highest rents in the nation and Silicon Valley is headed for a real crisis.

  • #4885

    namelus
    Participant
    1. https://www.sfchronicle.com/bayarea/article/S-F-spends-record-241-million-on-homeless-6808319.php#photo-9353499

    In wiki 680,000 homeless.in san fransico 2010 so let’s say a million  they spend 680.million  on them in services not including federal services. That’s 68,000 per year homeless.person. the mean working income.earner is 30k range wtf is wrong with this picture.

    Not only top executives got a raise the people who don’t work did as well

    • This reply was modified 1 year, 6 months ago by  namelus. Reason: Typography

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