In Silicon Valley, a Lack of Engineers - NYTimes.com

Another profile of the selective nature of post-90s prosperity

Then there are salaries. Google is paying computer science majors just out of college $90,000 to $105,000, as much as $20,000 more than it was paying a few months ago. That is so far above the industry average of $80,000 that start-ups cannot match Google salaries. Google declined to comment.

Two executives at a small start-up who spoke on the condition of anonymity said it recently lost an intern when one of the biggest start-ups offered the candidate a 40 percent bump in stock options, potentially worth hundreds of thousands of dollars — but only if the candidate accepted the job before hanging up the phone.

In Silicon Valley, a Lack of Engineers - NYTimes.com