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Silicon Valley salaries are shrinking, leaving workers in the lurch
Silicon Valley, despite having the highest tech salaries in the country, has experienced the biggest drop in pay compared to other tech hubs in the country, falling 15.25% from 2022 to 2023.
Currently a contract worker at a health science company, she has been struggling to find secure work that pays enough to keep up with the exorbitant cost of living in the Bay Area. New research from tech advocacy organization Women Impact Tech, which examined job and salary data nationwide from 2020 to 2023, affirmed what many people already know: companies are tightening their belts — slicing jobs and salaries alike — and many people are struggling to find work that pays enough to live comfortably in the Bay Area. DeWeese has been cutting back where she can, but living by herself in a one-bedroom apartment in the suburbs of Silicon Valley with her adopted Border Collie mix, Sadie, while caring for her aging mother nearby, has taken its toll.
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