Which Texas tech companies got the highest salaries?
Posted On July 13, 2021
Tech companies like Facebook, Apple and Google, and the tech industry itself, made up the majority of the top 10 earners at $1.3 million, according to data compiled by the Bureau of Labor Statistics.
The other top earners were financial services firms such as JPMorgan Chase and Goldman Sachs.
The data is based on salary data for employees working in those companies from their most recent pay periods.
The BLS classifies tech firms into two categories: the highest-paying, which includes companies with a median annual salary of more than $1 million and an average salary for employees with more than 10 years of experience, and “the lowest-paying,” which includes a range of salaries of $600,000 to $1,000,000.
The two types of companies account for about 12% of the nation’s tech companies, according, and about 1.3% of American workers, according the BLS.
A total of 10.2% of U.S. workers earn more than the median annual wage for their level of experience in the U.N. data.
A large share of the higher-paying jobs are in technology, with about 5% of tech workers earning more than their counterparts in finance, insurance, real estate, manufacturing and health care.
About 6% of workers in the other two groups are in finance and insurance, according.
“If you look at how much money you make in the tech sector, it’s like an additional tax,” said Michael L. Hagan, an economist at the Boston University School of Public Health and co-author of the report.
“You’re basically taking advantage of the people who have the best skills and who have been able to grow their businesses, but you’re taking money away from everyone else.
That’s what the tax is designed to do.”
The U.K. has the highest tech sector median pay, with an annual median salary of nearly $1m, according of the BIS data.
Other tech sectors that made the list include health care, healthcare IT, finance, and finance IT.
Some of the companies with the highest and lowest median salaries in the country are also among the fastest-growing tech sectors in the world.
For example, the health care IT company that makes the list has grown from just over a dozen employees in 2015 to over 200 employees today, according data compiled for The Washington Post by the UBS Group.
In the health technology sector, the median salary is currently $1million, and that includes bonuses and stock options.
That number is likely to be even higher for the next few years, as companies seek to recruit more people in the healthcare IT and IT services industries, Hagan said.
In total, the BES data showed that tech companies pay nearly $2.7 trillion in wages in the United States, an increase of about 6% from 2016, and $1 trillion since 2000.
The top 10 percent of the earners earned an average $1 billion each, according: Goldman Sachs, $1bn; JPMorgan Chase, $850m; Wells Fargo, $700m; Microsoft, $400m; Cisco Systems, $300m; Dell, $200m; IBM, $150m; SAP, $100m; and Google.
Tech companies, including Facebook, Google and Amazon, have had their compensation grow at a rapid rate since the Great Recession, which hit in the wake of the global financial crisis, with more tech companies seeing their profits grow by more than 60% between 2007 and 2016.
In 2016, tech workers earned an annual income of $14.7 billion, according BLS data, and nearly $4 trillion in wage income.
But those gains were largely offset by losses in the stock market.
Tech stocks lost nearly $5 trillion in value during that time, according a BLS report.
And it was only in 2018, when tech stocks started to recover, that they were able to recover as the financial crisis ended, according records.
The overall number of tech companies has grown over the past decade from less than 1,000 companies in 2005 to more than 5,000 in 2016, according government data.
The UBS analysis found that tech workers are more likely to work part-time because of low pay, fewer flexible schedules and a lack of benefits.
But even though tech companies have had to increase salaries in recent years, they still have not reached the pay levels of previous tech eras, according Hagan.
The biggest increases were in the number of full-time employees, or the people working full- or part-year shifts.
The number of part-timers rose from 4.6 million in 2006 to 11.5 million in 2016.
That growth is due in part to technology companies that have added employees to help manage production, such as Uber and Airbnb, according Paul Vigna, senior vice president of labor at the BATS Research Institute.
“Part-time work is the biggest driver of pay stagnation,” Vign