I’ve been reviewing Salary.com data recently for Sr. Software Engineers with Enterprise Java and the salaries seem to have dropped significantly. The median in Los Angeles now has dropped from $115k in 2009 when I checked to $103k a 10.5% drop and closer to 18% inflation adjusted.
A concern is if this is a temporary anomaly due to the economy or if this is a permanent trend due to the huge influx recently of cheap L1 labor from the likes of Infosys and Wipro.
People in existing jobs seem to be fairing well and getting 3% raises based on the wage they got when they were hired which may be much above the current market wage…but if they ever get laid off they would have to take a huge pay cut.
