Tech Wages Slide, But Is Anyone Surprised?
The Q3 Yoh Index of Technology Wages, a quarterly report that measures changes in employee demand and supply of technology talent worldwide, has indicated that wages for technology professionals appear to be on a steady decline. With more than a six percent drop, technology wages are at the lowest level since the beginning of 2006.
Marianne McGee at InformationWeek posted an interesting analysis of the most recent Index, including a great observation about the economy's role in the decrease. Yes, the stock market disaster had a definite impact, but other factors are involved, such as the rise of the lower-paid young worker and increases in off-shoring.
Let’s be honest – nobody should be surprised by this bad news, after the dismal month of October and factors described above. The real question is, what are normal, everyday IT professionals doing to stay above water in these difficult times?
Posted by Amy D.