IT pay rates stagnate even as tech's importance grows

Unemployment for IT professionals is well below national rates, but IT salaries have barely moved in 10 years.

Despite the fact that technology is playing an increasingly important role in the U.S. economy, IT wages remain persistently flat.

"IT salaries have not really kept pace with inflation," said Victor Janulaitis, CEO of Janco Associates, which follows IT compensation trends.

The still-sluggish U.S. economy gets most of the blame, but outsourcing, improved productivity and automation are also factors, say analysts.

According to a new report compiled by the Economic Policy Institute (EPI), a policy research firm, the average hourly wage adjusted for inflation in computer and math occupations that require at least a bachelor's degree was $37.27 in 2000; the average hourly wages for those same jobs had increased by less than $2 an hour in 2011, to $39.24.

The results translate to an average wage increase of less than 0.5% a year, or just $1.97 an hour, over 10 years, according to the EPI report.

The report is based on data from the Current Population Survey, a monthly survey of households conducted by the Census Bureau.

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