Silicon Valley Technology Pay Drops 14% Since 2000
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Technology wages in Silicon Valley, home to Google Inc. and Intel Corp., have declined almost 14 percent since 2000, a sign that the region has yet to recover fully from the dot-com bust.
The average compensation for technology workers was $103,850 in 2008, down from $120,064 in 2000, with the biggest drops caused by the falling value of stock-based pay, the U.S. Bureau of Labor Statistics said today in a report. Average wages increased to $105,500 in the first half of 2009.