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Silicon Valley Salaries Are Shrinking, Leaving Workers In the LurchPosted by BeauHD on Tuesday June 11, 2024 @06:40PM from the tough-times-in-tech dept.An anonymous reader quotes a report from the Mercury News:CitarKrista DeWeese has been laid off four times in the last eight years. She wakes up every morning feeling anxious. Will I lose my job today -- again? Will I have enough to pay the rent? Even though she's an educated, experienced marketing professional, worrisome thoughts trail the 47-year-old Fremont native's every waking moment. Currently a contract worker at a health science company, she has been struggling to find secure work that pays enough to keep up with the exorbitant cost of living in the Bay Area. She has a lot of company. The past year has been tough for the Bay Area, as thousands of layoffs skittered across the region. Even workers at Silicon Valley's tech titans -- including Meta, Apple and Google -- have faced job cuts. Since 2022, tech companies in the region have slashed roughly 40,000 jobs. And with each layoff, workers are entering a market that is less friendly to job seekers than it used to be.New research from tech advocacy organization Women Impact Tech, which examined job and salary data nationwide from 2020 to 2023, affirmed what many people already know: companies are tightening their belts -- slicing jobs and salaries alike -- and many people are struggling to find work that pays enough to live comfortably in the Bay Area. Despite having the highest tech salaries in the country, Silicon Valley has experienced the biggest drop in pay compared to other tech hubs, falling 15% from 2022 to 2023, according to Women Impact Tech. And with inflation, DeWeese and others are watching their spending power shrink. More than 10 years ago, she was earning over $100,000 in total compensation. That amount has dropped 15% since she was laid off from Yahoo in 2016, and has not increased since. "I feel like my career has been frozen in time," DeWeese said. "Things have been at a standstill."Paula Bratcher Ratliff, president of New York-based Women Impact Tech, said that the shrinking pay hits especially hard for women, given the continuing gender pay gap. "The Bay Area took one of the largest hits," Ratliff said. "Women make up about 28% of the entire workforce in tech. When you're seeing an overall decline at 15%, and for pay equity, women have not made much traction." [...] Despite the trend of shrinking salaries in the world's tech capital, Ratliff, with Women Impact Tech, doesn't believe it's necessarily a race to the bottom. "Today, about every company is a tech company, whether they're in retail, consumer goods or hospitality," Ratliff said. "There's so many opportunities in tech without having to focus on those jobs with the tech organizations alone. We're seeing great companies emerge." While it's still unclear where the light is at the end of the tunnel for DeWeese, she remains hopeful her situation will improve. "You have to have hope or else you're just going to live in fear of being let go, again and again," she said.
Krista DeWeese has been laid off four times in the last eight years. She wakes up every morning feeling anxious. Will I lose my job today -- again? Will I have enough to pay the rent? Even though she's an educated, experienced marketing professional, worrisome thoughts trail the 47-year-old Fremont native's every waking moment. Currently a contract worker at a health science company, she has been struggling to find secure work that pays enough to keep up with the exorbitant cost of living in the Bay Area. She has a lot of company. The past year has been tough for the Bay Area, as thousands of layoffs skittered across the region. Even workers at Silicon Valley's tech titans -- including Meta, Apple and Google -- have faced job cuts. Since 2022, tech companies in the region have slashed roughly 40,000 jobs. And with each layoff, workers are entering a market that is less friendly to job seekers than it used to be.New research from tech advocacy organization Women Impact Tech, which examined job and salary data nationwide from 2020 to 2023, affirmed what many people already know: companies are tightening their belts -- slicing jobs and salaries alike -- and many people are struggling to find work that pays enough to live comfortably in the Bay Area. Despite having the highest tech salaries in the country, Silicon Valley has experienced the biggest drop in pay compared to other tech hubs, falling 15% from 2022 to 2023, according to Women Impact Tech. And with inflation, DeWeese and others are watching their spending power shrink. More than 10 years ago, she was earning over $100,000 in total compensation. That amount has dropped 15% since she was laid off from Yahoo in 2016, and has not increased since. "I feel like my career has been frozen in time," DeWeese said. "Things have been at a standstill."Paula Bratcher Ratliff, president of New York-based Women Impact Tech, said that the shrinking pay hits especially hard for women, given the continuing gender pay gap. "The Bay Area took one of the largest hits," Ratliff said. "Women make up about 28% of the entire workforce in tech. When you're seeing an overall decline at 15%, and for pay equity, women have not made much traction." [...] Despite the trend of shrinking salaries in the world's tech capital, Ratliff, with Women Impact Tech, doesn't believe it's necessarily a race to the bottom. "Today, about every company is a tech company, whether they're in retail, consumer goods or hospitality," Ratliff said. "There's so many opportunities in tech without having to focus on those jobs with the tech organizations alone. We're seeing great companies emerge." While it's still unclear where the light is at the end of the tunnel for DeWeese, she remains hopeful her situation will improve. "You have to have hope or else you're just going to live in fear of being let go, again and again," she said.
La productividad es una medida de cómo se explota a los trabajadores. Que no es que parezcas tonto.. no, es que eres un idiota integral.
Cita de: sudden and sharp en Junio 11, 2024, 10:27:34 amLa productividad es una medida de cómo se explota a los trabajadores. Que no es que parezcas tonto.. no, es que eres un idiota integral.Pues no. Imaginemos dos trabajadores terriblemente explotados. Uno va todas las mañanas a trabajar unos campos resecos de suelos pobres con un arado romano y una mula flaca.El otro va a una fábrica donde se organiza la explotación de otros cientos de trabajadores que usan maquinaria de última generación de forma eficiente con la que producen cosas de calidad que se venden a buen precio en los mercados mundiales.¿Cual de los dos es más productivo?. De hecho el explotador que los explota en el primer caso es un muerto de hambre porque -qué cojones le va a sacar al de la mula flaca-, en el segundo caso está viviendo la vida loca.También nos damos cuenta de que explotar todavía más al de la mula no va a dar ningún resultado. Apretarle las tuercas a los del segundo ejemplo puede, todavía, salir a cuenta.
Resumen: se construye, quieren seguir construyendo, falta mano de obra y los salarios de los jóvenes no dan ni para comprar ni para alquilar. Se quieren soluciones, pero los precios no se tocan.
Cita de: Zugzwang en Junio 12, 2024, 00:38:39 amResumen: se construye, quieren seguir construyendo, falta mano de obra y los salarios de los jóvenes no dan ni para comprar ni para alquilar. Se quieren soluciones, pero los precios no se tocan.Efectivamente, en pocos sitios se habla de la única solución viable: bajar el precio del inmobiliario y bajarlo a un nivel que resulte "asequible". El miedo acaba por ceder ante la realidad. Y la realidad es que el precio del inmobiliario caerá por necesidad y la vida seguirá, y seguirá mejor que con el inmobiliario asfixiándonos. Yo estoy cansada de asustaviejas. No, el mundo no se acaba porque se hunda el inmobiliario.
[El juego de dinero-sin-trabajar inmobiliario sigue cobrándose la vida de millones y millones de tristes trabajadores que soñaron con sublimarse en capitalistitas.]