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Tech Salaries Stagnant Despite Low Unemployment: Survey

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Re: Tech Salaries Stagnant Despite Low Unemployment: Survey

#61

Post by pkaye »

TuringNYC wrote: post #22
pkaye wrote: post #18

Earlier quoted context omitted.

You certainly can is you bought your house 10+ years ago.

So i guess 93k + a time machine would be great for most new grads.

I'm not stating it a solution to any problem. I'm just stating a fact that there are plenty of people who lived here a long time and bought their house cheap by current standards. I've lived in the bay area for a long time and my own unique circumstances made it difficult to build up savings to buy a house for a long time. People think everything was easier in the past but salaries were less also.

Re: Tech Salaries Stagnant Despite Low Unemployment: Survey

#62

Post by souprock »

toomuchtodo wrote: post #39
ummonk wrote: post #37

Earlier quoted context omitted.

15k/year after the employer contribution?

Yes, although I have colleagues at other companies who pay much less (~$6k-8k year employee cost). Hard to make apples to apples comparison because employer health plans aren't public, but I have seen amazing plans and I've seen absolute garbage plans where you need to go to the open marketplace instead (and in doing so, your premiums are now non-tax deductible and you're paying the entire cost with no employer subsi…

I have 11 kids and I'm not paying $15k/year. It would be sort of negative if nothing happened, since money would accumulate in one of those FSA/HSA things. There is no paycheck deduction.

Even the maximum possible out-of-pocket expense is well below $15K/year. Getting to that point would require major surgery.

Re: Tech Salaries Stagnant Despite Low Unemployment: Survey

#63

Post by commandlinefan »

idiot900 wrote: post #15
_bxg1 wrote: post #10

I'd bet it's just a function of what people are willing to do the job for. $93k gives you a very comfortable lifestyle, and tech workers tend to be much more motivated by the work itself than their peers. Those who really care about getting rich will go to SV and do a startup. So there's not as much pressure for increase.

$93k does not give a very comfortable lifestyle in SF/NYC.

I wouldn't say it's _uncomfortable_, but it's liable to leave you struggling from time to time even here in north Texas.

Re: Tech Salaries Stagnant Despite Low Unemployment: Survey

#65

Post by stevev »

toomuchtodo wrote: post #16
_bxg1 wrote: post #10

I'd bet it's just a function of what people are willing to do the job for. $93k gives you a very comfortable lifestyle, and tech workers tend to be much more motivated by the work itself than their peers. Those who really care about getting rich will go to SV and do a startup. So there's not as much pressure for increase.

$93k supporting a family (stay at home partner, two kids) is most definitely not comfortable, whether in the Midwest or the coasts. Insurance premiums alone would be ~$15k/year (pretax, but still). Throw in a mortgage or rent @ $1500/month, that's another $18k/year, you've already consumed a third of your wages.

At 94K, stay at home spouse w/ kids. I live in upper midwest, avg cost of apartment renting $1200 2bd rm. Own a home, $1800/month. You are correct, @ 94K I am struggling to save.

Re: Tech Salaries Stagnant Despite Low Unemployment: Survey

#66

Post by SquirrelOnFire »

conanbatt wrote: post #23
SquirrelOnFire wrote: post #19

Earlier quoted context omitted.

That's not how it works. Educated, creative workers look for more than just salary. Increases in autonomy, purpose, and opportunity for mastery are often viewed as more valuable than money (once threshold levels of income have been crossed)[1] [1] Drive by Daniel Pink

That is captured by the word 'more'

BS. in a comment about pricing "more" does not include complex concepts like autonomy - it clearly only referred to money.
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