AI boom leads to big payouts, but no new jobs

Even as total wage growth in the California tech industry has skyrocketed, the industry has lost jobs since Jan. 2022.

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Tech industry data includes workplaces with the following NAICS codes: 5132: software publishers, 5415: computer systems design, custom programming and related; 5182: computing infrastructure, data processing, web hosting and related; 5192: web search portals, libraries and related; 5162: streaming services, social networks and related.

Chart: Emily Hamann, State AffairsSource: Census of Employment and Wages, BLSCreated with Datawrapper