[quote=Rich Toscano]That’s an argument I’ve heard from some SD people in the tech industry, but you can’t assume that it applies to the entire economy. It just doesn’t. Per capita income is up over 20% since 2005 in SD (despite similar claims from tech industry people here that their wages have stagnated). I doubt it’s much different in OC. Citing one senior developer’s salary history doesn’t really prove anything about the economy as a whole, which is what matters.
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Rich, you did bring up something that I have a question about. Are people’s income rising because of their “salaries” or is it rising because of their other forms of income such as investments or both?
I’m curious about this because specifically I can see that salaries in tech are starting to flatten and I think is probably now the norm for more folks that’s been around longer…However, I would also guess that with a general improving housing/stock/etc markets, incomes from other sources also seem to be going up steadily as well, probably more so than one’s salary.
So I was curious if that 20% increase is just “salaries” or includes everything, whether it’s rental income, dividend income,etc,etc,etc. I’m just trying to reconcile the difference.
