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November 6, 2004
Salaries in NW up in techland
Many of you may have already seen the wsa: nw tech industry salary survey data indicates cautious but brighter picture. It is great news for a number of reasons. Not just because tech types are going to make more money, but more importantly because jobs are expanding causing salaries to go up. In the last six months I have seen more NW tech companies start than in the last 3 years combined. Many of my friends who dropped out of the job market are now actively back in. We even see that in the overall economy with the latest outstanding job growth numbers. The unemployment rate went up because jobseekers re-entered the market. I see that happening in the Northwest as well. I expect that a meaningful number of those thinking of entering the market again will instead start their own companies. This is all good news for NW venture funded companies. Look for an accelerating pace of new company formation and tech hiring. If you are looking for a job, look at the startups. Now is NOT the time to go back to Microsoft.
Posted by Martin at November 6, 2004 9:14 AM
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