Salaries and benefits for tech workers have been flat since 2008, amid massive corporate profits and huge stock gains, according to federal data revealed by the Center for Immigration Studies.
After inflation, “compensation grew at a rate of just 0.15 percent per year” from 2008 to 2023, the center reported on August 30, adding:
Furthermore, compensation for STEM [science, technology, engineering, and mathematics] workers was 7.1 percent lower in 2023 than in 2019 before the pandemic, with wages down 7.6 percent and benefits down 6.2 percent.
The flat pay was revealed in unpublished data provided by the federal Bureau of Labor Standards after a CIS request.
