"But a decline is still a decline. Factor in the ravages of
inflation, and in real terms that slight fall represents a
significant loss of 3-5 percent. Ouch. (Government data claims that
inflation actually declined 1.3 percent over the last year, but if
you believe that you also believe in the tooth fairy.)
"Making the salary dip seem worse, perhaps, is the inherent
instability of a career in IT. Some lucky individuals stay at one
post for several years, but plenty of IT staffers re-enter job
market every 2-5 years. Sagging salaries mean that an applicant who
now offers more experience could actually see lower pay.
"Dreary economic tidings push down IT salaries in a host of
ways: company closings, a focus on cost cutting, increased
outsourcing. Some firms have hiring freezes. Plenty of aging
boomers who hoped to escape the grind now face deflated portfolios
and so plan to hang in there – meaning fewer job
Some of the products that appear on this site are from companies from which QuinStreet receives compensation. This compensation may impact how and where products appear on this site including, for example, the order in which they appear. QuinStreet does not include all companies or all types of products available in the marketplace.