High-Tech Workers Make How Much?
In San Mateo County, Calif., they averaged $291K
By Neal Colgrass, Newser Staff
Posted Aug 24, 2014 3:38 PM CDT

(Newser) – Want to earn coin? Try being a high-tech worker in San Francisco. Their average salary leaped nearly 19% last year to $156,518, topping all cities nationwide in that job sector, the San Francisco Chronicle reports. Now consider San Mateo County (which includes part of San Francisco), where last year's high-tech wage average was $291,497—a 5% drop from 2012! How did San Mateo beat out Silicon Valley by nearly $100,000? Mark Zuckerberg likely helped by exercising $3.3 billion in Facebook stock options last year; without that windfall, the average sinks to about $210,000. (Zuckerberg reaped a $2.3 billion option in 2012).

The second-best city for growing high-tech wages is New York, which saw an 11.3% jump to $125,555 in 2013, the Fiscal Times reports. All these numbers—released by the Bureau of Labor Statistics and unpacked by a real estate services firm—contrast starkly with stagnant wages in most other US industries. "Strong wage growth is an indication of tight labor supply" and a "competitive marketplace," said JLL, which crunched the numbers. Meanwhile, about two weeks ago, a federal judge rejected a settlement offered by several big Silicon Valley companies for allegedly conspiring not to hire each other's workers, which lowered wages for years, the Wall Street Journal reports. The $324.5 million settlement for 64,000 workers was too small, the judge said.

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Ezekiel 25:17
Aug 25, 2014 8:37 AM CDT
You always have to meter California wages against the cost of living. Their fuel blend requirements mean gas prices 30 to 50 cents above the national mean. Housing did suffer a redneck beating but prices have rebounded. A friend had a $1.5M home in San Jose he sold and moved to a 3-story home with pool in a gated community in Houston,Tx. He paid $350,000 for it and banked the rest after buying himself a Mercedes G500. But when you go the other way it hurts. A couple I do tech consulting for made a $2M profit on their investments and had to quickly create a tax shelter for it so they invested in a rental home in San Diego. The coastal property took just about all of the money but now provides a steady rental income and it has a guest house for them to stay when they visit California.
Aug 24, 2014 11:58 PM CDT
Getting paid to do squat like all the rich folk.
Aug 24, 2014 11:24 PM CDT
What kind of story is this? Everyone knows that NY and San Fran, as well as ALL of California have seriously inflated wages. They also have seriously inflated rents to go with it. I'd rather hear what the rest of the country is paying the high-tech workers.