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Tech workers demand high salaries despite hiring slowdown

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Re: Tech workers demand high salaries despite hiring slowdown

#91

Post by RestlessMind »

starttoaster wrote: post #75
riku_iki wrote: post #65

Earlier quoted context omitted.

FAANG have many offices in Europe..

Do they pay European salaries in European offices? I imagine the answer to that question is, "yes." The appeal for a European to get an American FAANG position remotely is presumably to soak up some of that dramatically higher American tech salary. I'm not sure that's a reasonable expectation though, as most companies in my experience will adjust pay to scale to the employee's current location for remote roles.

Based on my personal experience, the answer is yes. Hired a lot of Europeans in London, Dublin, Munich, Zurich, Budapest and Lisbon over the last decade. Only Zurich came close to SV compensation levels.

Re: Tech workers demand high salaries despite hiring slowdown

#92

Post by DianeS »

lelandbatey wrote: post #85
giannaT wrote: post #83

Earlier quoted context omitted.

They still can. Just not in luxury areas.

Sooooo as the parent said, "no." "Luxury areas" are not somehow "optional" for the people that have to live there to work there, as the term "luxury area" implies.

They don’t have to work there. Plenty of jobs in non-luxurious areas.

Re: Tech workers demand high salaries despite hiring slowdown

#96

Post by devmor »

tines wrote: post #15
devmor wrote: post #10

What slowdown is this? First I’m hearing of it. Author might need to separate imagination from reality.

It's not imagination, you're probably just insulated. Many people I know have been looking for entry-level positions for months (the city I/they live in is a tech hub) and are lucky to even hear a "no."

For entry-level? That’s been going on for a few years. No one wants to train up juniors anymore - they want to outsource offshore.

Then they wonder why they have to pay so much for mid level to seniors.

Re: Tech workers demand high salaries despite hiring slowdown

#98

Post by mempko »

bugglebeetle wrote: post #53
mempko wrote: post #29

Earlier quoted context omitted.

We had more than 1 million, mostly older experienced workers die from covid. Why is anyone surprised we have a labor shortage?

Because pretending that happened and is still happening would be contrary to the narrative that labor (vs. Capital) needs to be reigned in to make the economy broadly functional again. Inflation is being driven by corporate price gouging and labor shortages (outside of those resulting from the pandemic) are being driven by the wildly unequal distribution of returns to owners vs workers. COVID’s on track to kill anoth…

This ^, exactly this ^
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