> "$150k sounds great here until you look at that as a fraction of your housing cost and compare to anywhere else in the country, including manhattan (because unlike here, nyc isn't run by morons so they have functioning transportation systems)"
This really is it. I think employers are between a rock and a hard place. Engineering salaries are rising rapidly, but the engineers aren't really seeing the benefits of it - every raise is just as quickly swallowed by the ludicrous housing situation in the Bay Area. Nobody's getting rich except landlords.
And anecdotally as someone who moved from SF to NYC, $150K goes way further here than it does in San Francisco. SF housing is (nearly) just as expensive, and the lack of basic infrastructure means there are tons of little things bleeding you dry at every corner. Buses don't run where you need to go? Call for a Lyft or Uber - individually not very expensive, but it adds up. Death by a thousand paper cuts.
I liked his part where he said "you can find great engineers outside of Silicon Valley."
I didn't like where he said "get them to move to Silicon Valley."
Moving is stressful and costly, even if the company is 100% covering relocation. Moving to Silicon Valley would require a quite significant raise to cover the increased housing costs, which would still leave me with a much smaller house than I enjoy in a top 20 (but not top 5) market.
This really is it. I think employers are between a rock and a hard place. Engineering salaries are rising rapidly, but the engineers aren't really seeing the benefits of it - every raise is just as quickly swallowed by the ludicrous housing situation in the Bay Area. Nobody's getting rich except landlords.
And anecdotally as someone who moved from SF to NYC, $150K goes way further here than it does in San Francisco. SF housing is (nearly) just as expensive, and the lack of basic infrastructure means there are tons of little things bleeding you dry at every corner. Buses don't run where you need to go? Call for a Lyft or Uber - individually not very expensive, but it adds up. Death by a thousand paper cuts.
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