Last 20 Years Silicon Workers Median Wages Have Fallen 14%

[Weatherman2020]

Study: Over 20 years, Silicon Valley workers’ median wage has fallen by 14%.

Words that don’t appear in this Piketty-drenched article: “H1-B,” “Immigration,” “Visa.”

 

[Toro]

"If labor’s share of production in 2016 had been the same as in 2001, every employed Silicon Valley worker would have received, on average, an additional $8,480," the authors wrote.

That difference is being pocketed by investors and owners, the research concluded.

Chris Benner, one of the study’s authors, and a UCSC professor of environmental studies, told Ars that state and federal governments could mitigate this problem by raising minimum wage laws, restricting outsourcing, strengthening unions, and raising taxes for the wealthy.​

Hooray for investors!

 

[Toro]

I went to a house party in Silicon Valley a few years ago. Literally everyone was from another country. They all made a lot of money.

 

[Weatherman2020]

I went to a house party in Silicon Valley a few years ago. Literally everyone was from another country. They all made a lot of money.

A $120,000 salary in Silicon Valley is poverty level.

 

[william the wie]

EU regulation is going to make that go even lower.

 

[Rambunctious]

immigration brings salaries down...you folks had better except it as a fact.....