Hot times in Silicon Valley

The San Francisco Bay area is undergoing one of its periodic tech booms on the back of the flourishing of social networking firms. That boom, the Wall Street Journal tells us, is very good for local tech workers:

Tech-jobs website operator Dice Holdings Inc. said salaries for software and other engineering professionals in California’s Silicon Valley rose 5.2% to an average $104,195 last year, outstripping the average 2% increase, to $81,327, in tech-workers’ salaries nationwide. It was the first time since Dice began the salary survey in 2001 that the wage barometer broke the $100,000 barrier, said Tom Silver, a Dice senior vice president.

Πηγή: The Economist

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