Average weekly wages in the US were up 7.4% from 3Q 2019. That's a big raise.
Two reasons.
The good: areas with information workers saw demand rise for their services as the whole world went online.
The bad: lower paid workers tend to be in service jobs that were lost in the pandemic, thus dropping out of the calculation of average wages.
The good: areas with information workers saw demand rise for their services as the whole world went online.
The bad: lower paid workers tend to be in service jobs that were lost in the pandemic, thus dropping out of the calculation of average wages.
Silicon Valley and King County - home to Microsoft and Amazon - saw big gains.
California's Bay Area had six counties in the top ten by percentage increase, four in the top ten by average wage. San Mateo (the heart of Silicon Valley) has the highest average wage of any county in the US ($152k a year) AND had the highest wage increase in the last year (23.2%). Highest wages and highest percentage increase. It's a crazy combination.
California had 9 counties among the top 25 counties with the fastest growing wages; on average, those counties' COVID mortality rates were half the national average.
California had 9 counties among the top 25 counties with the fastest growing wages; on average, those counties' COVID mortality rates were half the national average.
Average weekly wages in King County, Washington are fifth highest in the nation. Everyone knows that King County residents Bill Gates and Jeff Bezos have - between them - spent decades as the world's richest man. Fewer people are aware of how many folks they've made wealthy and what kind of wages they pay.
Calculated annual wage for information workers in 3Q 2020 in:
US: $133,796
King County: $327,236
US: $133,796
King County: $327,236
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