Tech job salaries reach all-time high

Posted on Tuesday, February 19 2008 @ 3:35 CET by Thomas De Maesschalck

DailyTech writes tech professional in the U.S. get paid more than ever:There were plenty of tech professional layoffs in 2007. AOL cut 2,000 employees and Motorola announced 4,000 more layoffs. To top it off tech retailer CompUSA virtually went under and Circuit city struggled, posting more job cuts. In January the news broke of Yahoo would lay off 1,000 more employees; Sprint, also struggling, planned to cut 4,000 workers.

With all these troubles, it certainly seems like the U.S. tech professional industry must be in dire times to match the general sentiment on the current U.S. economy -- a downward trend towards uncertainty.

However, the reality of the tech professional market couldn't be far from that. Despite the gloom and doom news, tech professionals made record salaries in 2007. Tech salaries hit an all-time high, with an hourly average wage of $32.39 in October 2007. This dipped and fluctuated a bit in November and December, but remained very high.

The estimate was compiled by IT staffing firm Yoh, who has done estimates for many years. According to Yoh, the average tech salary in 2007 increased to $31.62, up from $30.17 in 2006.

About the Author

Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.

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