Earlier quoted context omitted.
I worked in investment banking (as an analyst, not an engineer), so very different part of finance, but this was my take as well. Companies might love to talk about how important engineers are, but at the end of the day, if you can't directly link someone to revenue, they get viewed as a cost center and take on second tier status in the organization. Then the same companies complain that they can't find enough (or re…
Engineers get paid well in SV because they are in demand, have lots of employment opportunities, and therefore are more difficult to retain.
Engineers are in high demand all over the world. But most companies do not profit enough from technology to justify similar paying SV salaries.