Recession??? IT sector sees an increase in salary in US

Recession in US economy has been major concern last year and also this year, but somehow this does not seem to affect the IT sector in this country. Although less than 2006; There has been an increase in salaries in 2007 in IT sector. This conclusion is drawn from a survey conducted by Dice.com.(a Dice Holdings Inc company). Highest increase in salaries according to the Geographical area is given below(for 2007):

Check this out:Sharon, left, general manager products and service for Personal Broadband Australia ,and Sonja, an IT&T service center manager. Photo: Copyright Screen Goddess Calendar (source: the age.com)

1. Tech pros in Silicon Valley continue to cash in with the highest salaries ($93,876) and the highest percentage increase.
2. Boston along with Atlanta is the second highest paid metro area ($83,465) and has the second largest salary increase.
3. Baltimore/Washington, D.C., came in third ($81,750),
4. Los Angeles ($81,039) and New York ($80,770) rounded out the top five highest paying tech cities.
5. Conversely, Phoenix and San Diego saw the largest declines (5.0 percent and 4.3 percent respectively). Both cities saw large increases last year.

Here are few more important things to note from this survey:

• IT managers with good experience (age: more than 40 years) enjoyed the highest salary increase along with MIS managers and Project managers.
• The increase in average salaries was more in Government sector than in Banking/Financial sector.
• Unfortunately, there was a gender bias as men's salaries reported a growth but women's salaries did not.
• Lastly and most importantly, sometimes even if the salaries increase it does not seem to make people happy because they end up spending almost everything they earned at this is a time of inflation and in general, recession in US economy. But amazingly survey reported that more than 50 percent of IT professionals are happy with their salaries.

Tech salaries have slowly, but steadily increased over the last five years since average salaries declined in the early part of the decade.
If you want exact numbers read this article which gives each and every detail of salary increase with numbers, percentage and everything.
way to go IT proefessionals!!!!