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Silicon Valley is changing, and its lead over other tech hubs narrowing

economist.com

41–50 of 125 posts

Re: Silicon Valley is changing, and its lead over other tech hubs narrowing

#42

another major part of the problem is the entitled, defocused employee culture in silicon valley. generated by the fact that crazy talent competition ensures employees have a huge safety net in the form of big tech. i raise capital in silicon valley. but i do not want to hire people there. i hire amazing engineers in russia at a fraction of the cost and they: - are loyal instead of jumping to new shiny stuff at every…

This is exactly why I left a quantitative trading company in NYC and moved to Poland for software engineering talent. This certainly baffled my coworkers. More and more companies will eventually recognize the talent abroad is how you want to supply your business, while the market demand you want will still remain in the U.S.

> More and more companies will eventually recognize the talent abroad is how you want to supply your business

That is until those poor folks at Eastern Europe realise they can charge much more and the circle will repeat.

Re: Silicon Valley is changing, and its lead over other tech hubs narrowing

#43

another major part of the problem is the entitled, defocused employee culture in silicon valley. generated by the fact that crazy talent competition ensures employees have a huge safety net in the form of big tech. i raise capital in silicon valley. but i do not want to hire people there. i hire amazing engineers in russia at a fraction of the cost and they: - are loyal instead of jumping to new shiny stuff at every…

Ah yes, another naysayer who somehow manages to mention Russian Talent.....

Am I seeing the troll factory at work in realtime here..

Re: Silicon Valley is changing, and its lead over other tech hubs narrowing

#44
post #20

Earlier quoted context omitted.

Well, big companies abusing the system certainly doesn't help. Having ceilings based on a % of company number of employees or some other mechanism would go a long way (or the chance of draw being related to their salary)

>> Well, big companies abusing the system certainly doesn't help. They already have a legal requirement to pay prevailing wage before they can get a visa. That means at least six figures in the bay area. There are a few reasons Americans don't take these six figure jobs: 1. Don't want to live in California/too expensive 2. This is the more common reason: Americans don't do STEM much, cannot compete with international…

As an anecdote, my manager has had 2 open positions for 7 months now, paying $125k base + sign on + relocation + bonus + stock for a new grad. Guess how many we've filled after 7 months? A big fat zero.

Why would anyone move to California for $125K when they could live in one of 20 other major cities, make the same amount with a lower cost of living?

Re: Silicon Valley is changing, and its lead over other tech hubs narrowing

#45
post #7

Earlier quoted context omitted.

I’m confused. There is almost no rhetoric against legal and/or qualified immigration, just the illegal kind.

You're kidding? There is more and more rhetoric being spewed relating to the legal kind as well. There is even policy being enacted to drastically cut down or make it very hard to gain legal status by burying you with paperwork. Beyond immigration talk, the constant spewing of racism coming from the administrations is a clear signal that immigrants of different backgrounds are not wanted. To that end, they simply pac…

[deleted]

Re: Silicon Valley is changing, and its lead over other tech hubs narrowing

#46

Earlier quoted context omitted.

I’m confused. There is almost no rhetoric against legal and/or qualified immigration, just the illegal kind.

As a potential legal immigrant, I just don't want to take my labor to a country whose President doesn't respect or welcome me. Sure, the rhetoric might be against illegal immigration, but I'd rather just move to a country where Nazis aren't "fine people". The America brand has essentially been tainted.

I don't understand this logic. You want to move to America, but you hate America. Why not just move elsewhere then? Is there something that America has that you can't find anywhere else?

Re: Silicon Valley is changing, and its lead over other tech hubs narrowing

#47
post #23

Earlier quoted context omitted.

> and lifestyle-wise the bay area is just unpleasant. aggressive homeless people. abysmal dating environment. awful traffic. Mmm...could you elaborate on the abysmal dating environment? :-)

I'm not the original poster, but I'll respond (disclaimer: I'm a single male, about to turn 30 in a few months, who lives near Silicon Valley): 1. Single men vastly outnumber single women in Silicon Valley due to the unfortunate gender demographics of the tech industry, making for a very competitive dating environment for single men. 2. Due to the Bay Area's high housing prices, single people living in the Bay Area w…

> It seems like a man has to be in excellent physical shape, make a ton of money, and have the right pedigree in terms of degrees and credentials in order to be attractive in Silicon Valley

Isn't this universally true and not based on location at all? I'm a bit confused by this point TBH.

Re: Silicon Valley is changing, and its lead over other tech hubs narrowing

#48

another major part of the problem is the entitled, defocused employee culture in silicon valley. generated by the fact that crazy talent competition ensures employees have a huge safety net in the form of big tech. i raise capital in silicon valley. but i do not want to hire people there. i hire amazing engineers in russia at a fraction of the cost and they: - are loyal instead of jumping to new shiny stuff at every…

> are loyal

Generally this doesn't work both ways. If times get tight, engineers are among the first to be canned.

Good engineers command higher prices because they need the buffer to live on after that "loyalty" gets them RIFed.

Re: Silicon Valley is changing, and its lead over other tech hubs narrowing

#49
post #23

Earlier quoted context omitted.

I'm not the original poster, but I'll respond (disclaimer: I'm a single male, about to turn 30 in a few months, who lives near Silicon Valley): 1. Single men vastly outnumber single women in Silicon Valley due to the unfortunate gender demographics of the tech industry, making for a very competitive dating environment for single men. 2. Due to the Bay Area's high housing prices, single people living in the Bay Area w…

> It seems like a man has to be in excellent physical shape, make a ton of money, and have the right pedigree in terms of degrees and credentials in order to be attractive in Silicon Valley Isn't this universally true and not based on location at all? I'm a bit confused by this point TBH.

Minimum standards are waaaay higher in the Bay Area is what he’s saying. Two out of three of those would make you a real catch anywhere else.
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