The WSJ highlights some interesting findings from a recent Sphere Institute report:
More than half of the people working at technology companies in California in early 2000 had left the technology field or the state by the end of 2003, and more than 40% experienced declining incomes over that period, according to a study on the impact of the tech bust.
Then again, those who stayed behind in the tech sector didn’t do so badly:
Those that [stayed a tech firms] enjoyed rising incomes — up 11% after accounting for inflation. But workers who left tech for other industries saw their wages stagnate or decline. Those who shifted from semiconductor makers to health care, for example, made 31% less in the fourth quarter of 2003, compared with the first quarter of 2000, after accounting for inflation.