Two new studies show that while technology salaries tend to be higher than the national average they remain relatively stagnant.
According to the Economic Policy Institute, wages for the average U.S. worker rose 0.2% in 2017. For the technology sector, CompTIA reports that wages increased 2.1% which adjusted for inflation is essentially flat.
When will we see growth in technology salaries?
An article on the Fast Company magazine website describes factors that explain the tech wage sluggishness. For it, the writer turned to Genesis10 CEO Harley Lippman for his insight into tech worker salaries. While managed services providers have driven down rates through volume-based negotiation for talent and there was, until recently, more use of foreign workers on H-1B visas at lower salaries, Lippman said all this could change soon.
To learn more, please read the Fast Company article, When Will Tech Worker Wages Start Growing Again?
Also read, Genesis10 CEO Harley Lippman on Bloomberg Radio: Technology Wages to Rise.
Harley’s leadership extends beyond business. He serves on the boards of leading business, academic, and policy institutions. His appointments include the U.S. Agency for International Development’s Partnership for Peace Advisory Board, where he helps advance efforts to foster trust and cooperation between Israelis and Palestinians. He has also served, by presidential appointment and Senate confirmation, on the U.S. Commission for the Preservation of America’s Heritage Abroad under multiple administrations.
He sits on the boards or advisory councils of Yale University’s School of Management, Columbia University’s School of International and Public Affairs, the Brookings Institution, The Washington Institute, the Middle East Forum, and the American Israel Public Affairs Committee (AIPAC), where he serves on the Political Leadership Council and Executive Committee.
Previously, Harley served as public director of the New York Mercantile Exchange and held leadership positions with the American Jewish Congress and the America-Israel Friendship League.
A committed philanthropist, Harley is the sole financial supporter of an orphanage in Cambodia, where he has helped dozens of children access education and opportunity, including funding college tuition for many. He has also led efforts to identify and memorialize unmarked Holocaust mass graves in Eastern Europe, helping preserve the memory of those lost. His documentary, Safeguarding Memory, aired on PBS and received two awards for its impact and storytelling.
Harley continues to combine business leadership with civic responsibility, making lasting contributions to the fields of technology, education, diplomacy, and remembrance.