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	<title>Betabeat &#187; New York Techie Doesn&#8217;t Understand Why Everyone&#8217;s Upset About Unemployment</title>
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		<title>Betabeat &#187; New York Techie Doesn&#8217;t Understand Why Everyone&#8217;s Upset About Unemployment</title>
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		<title>New York Techie Doesn&#8217;t Understand Why Everyone&#8217;s Upset About Unemployment</title>

		<comments>http://betabeat.com/2012/08/new-york-tech-unemployment-hiring-08062012/#comments</comments>
		<pubDate>Mon, 06 Aug 2012 12:12:03 -0400</pubDate>
					<link>http://betabeat.com/2012/08/new-york-tech-unemployment-hiring-08062012/</link>
			<dc:creator>Nitasha Tiku</dc:creator>
				
		<guid isPermaLink="false">http://betabeat.com/?p=57422</guid>
		<description><![CDATA[<p><div id="attachment_57426" class="wp-caption alignleft" style="width: 310px"><a href="http://nyobetabeat.files.wordpress.com/2012/08/m01-nyc1-300.jpg"><img class="size-full wp-image-57426" title="unemployment" src="http://nyobetabeat.files.wordpress.com/2012/08/m01-nyc1-300.jpg" alt="" width="300" height="294" /></a><p class="wp-caption-text">Job fair lines in Midtown from 2009 (Photo: wsws.org)</p></div></p>
<p>Wired.com published an interesting piece last week under the headline "Silicon Valley Creating Jobs, But Not For Everyone." The article looked at how the Valley's unemployment rate has ballooned <a href="http://www.wired.com/business/2012/08/silicon-valley-creates-jobs-but-not-for-everyone/">beyond the national average</a>--up to 8.8 percent in June--despite the growing number of jobs in the tech sector.</p>
<p>Estimates show a similar pattern in New York City. In June, the city's <a href="http://www.crainsnewyork.com/article/20120719/ECONOMY/120719854">unemployment jumped to 10 percent</a>, the same abysmal peak we hit in the recession three years ago, even as employment in the tech sector grew 30 percent between 2005 and 2010. <!--more--></p>
<p>The growing ranks of jobless New Yorkers makes it hard to pity Silicon Alley's hiring woes. Not that you'd know it by talking to them. Today, <a href="http://www.nydailynews.com/news/money/job-squeeze-demand-tech-whiz-kids-reaching-a-fever-pitch-article-1.1128398?localLinksEnabled=false">the <em>Daily News</em></a> trots out the umpteenth article about six-figure salaries and the difficulty in finding engineering talent.</p>
<p>The paper says starting salaries for web developers are around $65,000 without a college degree, with more experienced devs commanding compensation <a href="http://www.nydailynews.com/news/money/job-squeeze-demand-tech-whiz-kids-reaching-a-fever-pitch-article-1.1128398?localLinksEnabled=false">north of $100,000</a>. Betabeat <a href="http://betabeat.com/2011/07/tech-recruiters/">found even higher numbers</a> when we dug into the recruiting problem last year.</p>
<p>But one of the <em>Daily News </em>sources sound a little <a href="http://www.nydailynews.com/news/money/job-squeeze-demand-tech-whiz-kids-reaching-a-fever-pitch-article-1.1128398?localLinksEnabled=false">tone deaf </a>as to how those numbers might appear to his fellow residents:</p>
<blockquote><p>"I get so frustrated. I hear people say the job market is bad," said Gabriel Shaoolian, CEO of Blue Fountain Media, a web design and digital marketing company in Manhattan.</p>
<p>"I say, 'Really? I have the opposite problem.'"</p></blockquote>
<p>Somehow we imagine the job market is filled with people much more frustrated than Mr. Shaoolian.</p>
]]></description>
		<content:encoded><![CDATA[<p><div id="attachment_57426" class="wp-caption alignleft" style="width: 310px"><a href="http://nyobetabeat.files.wordpress.com/2012/08/m01-nyc1-300.jpg"><img class="size-full wp-image-57426" title="unemployment" src="http://nyobetabeat.files.wordpress.com/2012/08/m01-nyc1-300.jpg" alt="" width="300" height="294" /></a><p class="wp-caption-text">Job fair lines in Midtown from 2009 (Photo: wsws.org)</p></div></p>
<p>Wired.com published an interesting piece last week under the headline "Silicon Valley Creating Jobs, But Not For Everyone." The article looked at how the Valley's unemployment rate has ballooned <a href="http://www.wired.com/business/2012/08/silicon-valley-creates-jobs-but-not-for-everyone/">beyond the national average</a>--up to 8.8 percent in June--despite the growing number of jobs in the tech sector.</p>
<p>Estimates show a similar pattern in New York City. In June, the city's <a href="http://www.crainsnewyork.com/article/20120719/ECONOMY/120719854">unemployment jumped to 10 percent</a>, the same abysmal peak we hit in the recession three years ago, even as employment in the tech sector grew 30 percent between 2005 and 2010. <!--more--></p>
<p>The growing ranks of jobless New Yorkers makes it hard to pity Silicon Alley's hiring woes. Not that you'd know it by talking to them. Today, <a href="http://www.nydailynews.com/news/money/job-squeeze-demand-tech-whiz-kids-reaching-a-fever-pitch-article-1.1128398?localLinksEnabled=false">the <em>Daily News</em></a> trots out the umpteenth article about six-figure salaries and the difficulty in finding engineering talent.</p>
<p>The paper says starting salaries for web developers are around $65,000 without a college degree, with more experienced devs commanding compensation <a href="http://www.nydailynews.com/news/money/job-squeeze-demand-tech-whiz-kids-reaching-a-fever-pitch-article-1.1128398?localLinksEnabled=false">north of $100,000</a>. Betabeat <a href="http://betabeat.com/2011/07/tech-recruiters/">found even higher numbers</a> when we dug into the recruiting problem last year.</p>
<p>But one of the <em>Daily News </em>sources sound a little <a href="http://www.nydailynews.com/news/money/job-squeeze-demand-tech-whiz-kids-reaching-a-fever-pitch-article-1.1128398?localLinksEnabled=false">tone deaf </a>as to how those numbers might appear to his fellow residents:</p>
<blockquote><p>"I get so frustrated. I hear people say the job market is bad," said Gabriel Shaoolian, CEO of Blue Fountain Media, a web design and digital marketing company in Manhattan.</p>
<p>"I say, 'Really? I have the opposite problem.'"</p></blockquote>
<p>Somehow we imagine the job market is filled with people much more frustrated than Mr. Shaoolian.</p>
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