331–340 of 400 posts
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Long Term Capital Gains Tax treatment when you sell (20%) after at least one year vs regular Income Tax treatment if you sell right away.
No. RSUs are not stock options. They're taxed at their current value when they're given to you.
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The second one, but if you're not thinking about salary in terms of total comp, you're doing it wrong.
Ahhh, that explains it. When the market crashes, you become plebs like the rest of us. Except you'll be living in the most expensive place in the country.
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If going to the doctor for a checkup costed you 20K out of pocket, would you consider there to be a "shortage" of doctors? How about if it costs a 100$ per loaf of bread? I'd considered that to be a shortage. Even if supply is technically meeting demand.
No, and I'm not sure why. Maybe because doctors have unlimited demand and are considered more highly skilled?
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Having done a good handful of interviews, I tend to look for "generic problem solving" (not in the sense of trick questions, but in the sense of running through ambiguous engineering and mixed social/engineering scenarios to see how they'd move forward) communication skills (the ability to communicate the above effectively, talk about past work, problems, successes) and frankly track record. (this is obviously harder…
Are you hiring programmers/developers or people like sys admins? It sounds like the latter, I can't imagine anyone hiring the former claiming dev skills are easy to pick up.
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I feel like there's two tiers of the software industry: those employable at AmaFaceGoogFlix or a competitor, and everyone else; but the "everyone else" is completely unaware that the first tier exists. It's like if minor league baseball had no idea about major league baseball. You even see it on HN. Someone will come along and talk about how a senior dev at Google can expect $250k a year. You'll get two categories of…
The main reason for this is RSU. The base salary at those companies is not much more than rest of industry. But at senior levels the RSU matches or exceeds the entire base salary. Other companies have a hard time matching this. Startups try but the common wisdom now is to value those at zero. It seems only public traded companies stock is now considered as having value. And only public SV tech companies give these ma…
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I feel like there's two tiers of the software industry: those employable at AmaFaceGoogFlix or a competitor, and everyone else; but the "everyone else" is completely unaware that the first tier exists. It's like if minor league baseball had no idea about major league baseball. You even see it on HN. Someone will come along and talk about how a senior dev at Google can expect $250k a year. You'll get two categories of…
> Someone will come along and talk about how a senior dev at Google can expect $250k a year. You'll get two categories of replies: "I don't believe this at all, Glassdoor proves you are wrong, nobody I know makes that, blah blah" and "bro that is totally normal". That's the thing. On one side, you have people who at least have a bit of publicly available data to point to (although sure, one could point out flaws in s…
Asking a software developer "Why aren't you making $400k?" is a lot like asking a random mid-level manager why he isn't the CEO of a Fortune 100 company.
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No. RSUs are not stock options. They're taxed at their current value when they're given to you.
Right, I was assuming sjg007 was talking about tax treatment of the capital gains if you hold onto the stock after the RSUs vest.
If you sell on vest, you pay income tax and 0 capital gains. If you sell after vest, you pay the same amount of income tax, and possibly nonzero capital gains.
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I still don't believe the $250k figure :) I make exactly half of that here in Florida (a fairly low cost area) as a senior dev and my salary has definitely plateaued (and I haven't had a raise in a few years). I know I make more than most of my peers and local recruiters scoff when I tell them my current pay (I had to talk my current employer up about $30k just to match my salary at my previous employer to get me to…
"here in Florida (a fairly low cost area)" Let's say you work in downtown Tampa and live 30-40 minutes away. You can get a 4 bedroom 2500 sq ft house for $350K. That's about 3 years salary for you. Now let's say you get a job at Facebook and want to find a similar house, about 30-40 minutes away. I think it will cost you upwards of $2M. You need to be making $670K or more to make housing the same fraction of your liv…
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I feel like there's two tiers of the software industry: those employable at AmaFaceGoogFlix or a competitor, and everyone else; but the "everyone else" is completely unaware that the first tier exists. It's like if minor league baseball had no idea about major league baseball. You even see it on HN. Someone will come along and talk about how a senior dev at Google can expect $250k a year. You'll get two categories of…
I'm in the first camp, and there are people who think we are ridiculously underpaid. "If you're so good, how come you haven't hit seven figures?" is something I've heard a couple of times already. So there is a tier above us too. Go figure...
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That dam has burst years ago. Facebook, then Google, significantly increased their pay to software engineers and it lifted all the salaries in the bay area. What's interesting is that this tide hasn't propagated very far outside California yet.
Not the tension I'm seeing. I'm seeing it in the rank and file all across the country as the article points out. Office admins, waitstaff, hospitality positions, janitorial, etc. These generally blue collar positions have had negative wage growth between 2009 and today but that has slowed or nearly stopped according to the labor statistics put out by Bureau of Labor Statistics[1]. As an example, at some point the cus…
There's a strong argument that the wage stagnation in the middle and lower classes in the US is slowing down the economy across the board.
In fact, I wonder if the increasing concentration of profits in a handful of companies is contributing to the inability of companies further down the food chain to pay workers market rates.