![]() Generally speaking, from 2001 to 2011, individuals working in tech had at least a 21% increase in wages over time. While individuals enjoyed an average of $5,000 increase every two years previously, after 2008, wages only increased by $2,000 every two years. However, roughly 111,000 Americans working in IT-related fields lost their jobs going into 2009.Ģ008 was also the year when wages began to increase at a slower rate compared to previous years. Similar to the dot-com burst in 2001, wages in 2008 remained relatively unchanged. That year, while wages did not fall despite the dot-com burst, around 400,000 Americans working in IT-related roles lost their jobs going into 2001.Ģ008 was when the stock market crashed. In the first decade alone, Americans experienced two huge economic crises, sending rippling effects throughout the American and global labor market.Ģ001 was the year the dot-com bubble burst. Annual median salary across all industries for developers, 2001-2011 Annual mean salary across all industries for developers, 2001-2011 What is immediately noticeable is the huge difference between the median and mean salaries for various job functions across all industries, indicating a large difference in salaries for IT workers across the different sectors. These are the relevant job functions I examined, based on the data available from the Bureau of Labor Statistics: The graph below shows the annual median and mean salary from 2001 to 2011. Tracing developer salaries in America from 2001 to 2019 The following table shows the average annual salary for developers, programmers, and other IT-related job functions, across all industries in the year 2000:Ĭomputer & Information Scientists, Researchers The "IT Industry" looked different in 2000 than it does today Salaries in 2000 were already 10% higher than the previous year and, apart from information science majors, were well above the national average starting salary of $39,824. Management information systems: $41,800ĭue to the shortage of skilled workers going into tech fields, salaries in America for IT graduates became more and more competitive.Starting in the year 2000Īt the turn of the century, CNN Money reported that the average starting salary for an entry-level computer programmer was $40,800.įresh graduates were also paid differently based on the degrees they held: I looked at data from alternate years, from 2001 to 2019. Bureau of Labor Statistics as they offered the most comprehensive year on year data. To go back in time, I mainly referred to data published by the U.S. Researching the topic meant changing the language I used to search for data.īack in the early 2000s, tech and software were referred to as “Information Technology” (IT) or “Information and Communications Technology” (ICT), developers were still referred to as “IT workers” and little was mentioned about the many specialized roles we have today. Tracing developer salaries over the last 20 years was an interesting endeavor. ![]() ![]() However, little has been done to chart the rise and fall of developer salaries over the years. Much has been covered about developer salaries based on coding language, location, job title, and so on. ![]()
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