Minimum Hourly Wage for Computer Professionals?

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Article #474

#474

From: Bhoot Nath
Date: Wed, 27 Nov 2002 00:35

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From http://www.caltax.com/News/NewsDetail.cfm?DocID=340

   "On January 1, 2003, the new hourly minimum rates that employers
    must pay to certain computer professionals if they are to be
    exempt from overtime will increase 2.2 percent, from $42.64 to $43.58.
    The rate is adjusted annually by the California Department of
    Industrial Relations (DIR) to reflect changes in the California
    Consumer Price Index."

Almost all computer jobs in Silicon Valley are classified as "exempt"
(i.e., no overtime). Does this mean that the minimum yearly salary should
be $43.58/hour * 40 hours/week * 52 weeks/year = 90K? Many, many exempt
computer people are paid less than $90K.

So, what's the real story? Anyone care to elucidate? Thanks.

Bhoot Nath

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From: deja_bhoot2000@yahoo.com (Bhoot Nath)
Newsgroups: sbay.general,ba.general,ba.internet,misc.taxes
Subject: Minimum Hourly Wage for Computer Professionals?
Date: 26 Nov 2002 16:35:21 -0800
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