REPORT: Facebook Drives Doubling Of Average Weekly Wage In San Mateo County
Steaks on grills and cabernet in wine glasses may be a little tastier in California’s San Mateo County this Fourth of July, as its average weekly wage in the fourth quarter of 2012 more than doubled compared with the previous-year period, according to a report in The Wall Street Journal’s Corporate Intelligence blog. Why? All signs point to Facebook.
Steaks on grills and cabernet in wine glasses may be a little tastier in California’s San Mateo County this Fourth of July, as its average weekly wage in the fourth quarter of 2012 more than doubled compared with the previous-year period, according to a report in The Wall Street Journal’s Corporate Intelligence blog. Why? All signs point to Facebook.
According to the Bureau of Labor Statistics, as reported by Corporate Intelligence, the average weekly wage in San Mateo County during the fourth quarter of 2012 was $3,240, or an annual equivalent of $168,000, up 107 percent from the fourth quarter of 2011, and more than 50 percent higher than second-place New York County (Manhattan), at $2,107 per week, or about $110,000 per year.
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