[eno_]

Wage deflation is very much here in high tech. I made a total of over $300k last year consulting to big telecom firms. I was one of the very last surviving highly paid consultants. I joined a startup this year for about a half the pay - assuming I hit all my bonus targets, but millions in potential upside. Since closing a VC round I'm, on paper, in the money for more than I made last year, but it will be two years before the company pays a cash salary+bonus above $150k.

And we get high priced litigators offering to read contracts for us for stock compensation. The high end labor market is still pretty slack.

[RS]

"Wage deflation is very much here in high tech. I made a total of over $300k last year consulting to big telecom firms. "

Since most of the "consultants" to dotcom companies in the past have resulted in the companies losing money or going broke, I'm not very surprised that they give you less up front - and if they get rich you deserve it !

If they had done the same thing 15 years ago we would not have had the bubble !