>They definitely have, at least for the high end of the market. For example, Hired shows a 3.28% increase in salaries for SF engineers this year. [0]
So if you really look at those numbers, you left out a bunch of them that don't back up your assertion that salaries are skyrocketing like they should in an ultra-high demand field:
SF Bay Area | 3.28%
Seattle | 2.14%
Austin | 0.96%
Chicago | 0.57%
New York | 0.25%
Boston | 0.24%
LA | -0.13%
London | -1.7%
Denver | -2.63%
Washington D.C | -2.85%
San Diego | -4.92%
Toronto | -6.29%
1. Half of the areas in your link are decreasing average salary before inflation.
2. Anything under the 2% inflation target is considered a decrease in income.
3. After subtracting 2% for inflation, add the cost of living increase in SF which was 78% between 2000 and 2015, and you are probably decreasing wages.
4. A union negotiator would know that. The hiring managers sure do (or at least the CFOs).
So let me ask the question a third time. If demand for tech workers is so high, why are wages flat? Do you think Apple/MS/Amazon/Google's EBITDA was that flat as well?
So if you really look at those numbers, you left out a bunch of them that don't back up your assertion that salaries are skyrocketing like they should in an ultra-high demand field:
1. Half of the areas in your link are decreasing average salary before inflation.2. Anything under the 2% inflation target is considered a decrease in income.
3. After subtracting 2% for inflation, add the cost of living increase in SF which was 78% between 2000 and 2015, and you are probably decreasing wages.
4. A union negotiator would know that. The hiring managers sure do (or at least the CFOs).
So let me ask the question a third time. If demand for tech workers is so high, why are wages flat? Do you think Apple/MS/Amazon/Google's EBITDA was that flat as well?
http://www.bayareaeconomy.org/the-cost-of-living-continues-t...