Update on tech wages

Michael Mandel

The government came out with its latest labor market numbers this morning. Since I seem to be the only economics writer who actually cares about the tech sector, I decided to do the calculation again. I'm using a slightly different presentation which offers more perspective.

year/year change in nonsupervisory weekly earningsgs
three month average ending
Nov. 04 Feb. 05 "May '05" Aug. 05 Nov. 05
Software Publishers 4.4% 7.1% 3.4% 3.7% 5.6%
Telecom 1.8% 2.2% 4.3% 3.1% 6.9%
Web search portals/isps -7.8% -0.5% 3.7% 5.2% 9.9%
Computer system design 1.9% 5.9% 5.4% 4.6% 6.8%
and related

These numbers tell me that there is a strong acceleration of labor earnings in telecom and web search portals (the Google effect, of course); a decent acceleration in computer systems design, which is a proxy for programming; and a bouncy pattern in software publishing. Still, the year over year earnings growth in software publishing is 5.6%, still better than the 3.9% for the whole workforce.

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