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 serves on the boards and advisory councils of organizations including Yale University’s School of Management, Columbia University’s School of International and Public Affairs, the Brookings Institution, The Washington Institute and the Middle East Forum. He also serves on the U.S. Agency for International Development’s Partnership for Peace Advisory Board and previously served on the U.S. Commission for the Preservation of America’s Heritage Abroad through presidential appointment and Senate confirmation.
A committed philanthropist, Harley supports an orphanage in Cambodia and has led efforts to identify and memorialize unmarked Holocaust mass graves in Eastern Europe. His documentary, Safeguarding Memory, aired on PBS and received multiple awards for its impact and storytelling.