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Tech salary insights from 1.2M foreign worker visas

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Re: Tech salary insights from 1.2M foreign worker visas

#121

Earlier quoted context omitted.

It's not part of the culture. People sometimes quietly grouse about the lack of vacation time or the number of hours but no one is willing to publicly do anything about it for whatever cultural reason.

So in this culture, is it common to do a few years of high-income work with 12hr days and high compensation, and then you get a "quieter" job somewhere else when you need a job that allows you to pick the kids up at 4.30pm? Or how does it work? Obviously children aren't unheard of in Silicon Valley, and as far as I understand it's a pretty progressive part of the US, so I assume that families have two careers to worr…

> is it common to do a few years of high-income work with 12hr days and high compensation

People working the longest hours aren't necessarily making more money because of it. There's no overtime.

People don't want to make less as they go on in their careers, and don't want to look like they don't want to work a lot, so if they take less time they try not to do so overtly.

> then you get a "quieter" job somewhere else when you need a job that allows you to pick the kids up at 4.30pm?

Recalibrate your expectations. No one is leaving work at 4:30pm. 45 hours a week is called "40 hours a week" and no one works just 40 hours a week. People don't expect to do very much outside of work except on the weekends.

Re: Tech salary insights from 1.2M foreign worker visas

#122

Earlier quoted context omitted.

Point taken, I'm sure there are better examples than fast food of companies paying peanuts but earning millions per employee, probably due to huge investments/risks involved. Natural resources and banks come to mind. Still, there is nothing that should make Apple pay more because they can, they only need to be competitive in salaries, not excessive. If they wanted to compensate employees more, that would probably not…

> Still, there is nothing that should make Apple pay more because they can No, but to hear people complain about how it's impossible to hire anyone... while inflation- and cost-of-living-adjusted salaries actually have not increased at all... what's going on here?

"Hard to find developers" just means "Hard to find people who will do X when we pay Y". As for cost of living, if NYC/SF tech companies offer competitive salaries for those areas (like $150k) that must be a fortune for people working remotely from almost anywhere else. So assuming that remote work is quite normal, and the companies accept paying SF salaries to remote workers from everywhere, I can't see how they can fail to find talent.

Re: Tech salary insights from 1.2M foreign worker visas

#123
post #69

Earlier quoted context omitted.

Here in the US we basically have little or no social safety net, and certainly few meaningful regulations and laws protecting labor. Our "wow just wow" salaries have less buying power than yours, because any difference in the margins is eaten up by having to use the additional salary for basic services you would be able to (mostly) take for granted as being government supplied (via taxation and other means).

Little to no safety net? What are we spending 50% of the federal budget on then?

Poorly designed programs that cause people to further descend into poverty thus further raising costs for everyone.

Re: Tech salary insights from 1.2M foreign worker visas

#124

Earlier quoted context omitted.

> Still, there is nothing that should make Apple pay more because they can No, but to hear people complain about how it's impossible to hire anyone... while inflation- and cost-of-living-adjusted salaries actually have not increased at all... what's going on here?

"Hard to find developers" just means "Hard to find people who will do X when we pay Y". As for cost of living, if NYC/SF tech companies offer competitive salaries for those areas (like $150k) that must be a fortune for people working remotely from almost anywhere else. So assuming that remote work is quite normal, and the companies accept paying SF salaries to remote workers from everywhere, I can't see how they can…

Personally I think there's a cultural aversion to competing on compensation.

Re: Tech salary insights from 1.2M foreign worker visas

#125

Earlier quoted context omitted.

So in this culture, is it common to do a few years of high-income work with 12hr days and high compensation, and then you get a "quieter" job somewhere else when you need a job that allows you to pick the kids up at 4.30pm? Or how does it work? Obviously children aren't unheard of in Silicon Valley, and as far as I understand it's a pretty progressive part of the US, so I assume that families have two careers to worr…

> is it common to do a few years of high-income work with 12hr days and high compensation People working the longest hours aren't necessarily making more money because of it. There's no overtime. People don't want to make less as they go on in their careers, and don't want to look like they don't want to work a lot, so if they take less time they try not to do so overtly. > then you get a "quieter" job somewhere else…

Thanks for the insights. Perhaps it is time for companies to compete for talent on these parameters instead? I think I've seen some companies trying to attract talent like that now that I think about it (was it stack exchange perhaps?). I might underestimate the power of the almighty buck here, but I'd take the employer that says "we value work/life balance, when we say 40h/week we mean it literally, we allow remote work, and we have 5 paid weeks off".

As for my questions above, it still doesn't add upp. Either you don't have kids as long as you hold one of these jobs or at least both parents can't have such jobs, so it's basically a job that requires one parent to stay at home at least part time? Or you need a nanny to pick up your kids after school/kindergarten? My guess is that you are going to say that normally one parent (and not a random one) just stays home for years after having kids, but that would be a real blow to my view of SF/NYC as progressive...

It seems odd to me that people making a lot of money (which I hope these salaries are considered), wouldn't just invest a huge chunk of it in family/free time, by simply working less hours, e.g. 75% at 75% pay.

With my european glasses, the salaries look huge, but of course I haven't factored the cost of living and certainly not the impact on work/life balance. I hold a well paid (by local standards) full time dev job, and I drop off kids at 8 and pick them up at 4.30. Every other day my wife does that so I can work a bit longer. I never manage to do 40h at the office, but it's considered normal for people with kids to leave early and do an hour or so of work in the evening.

Not sure what my point is, I guess it's that I'm surprised of how a "culture of work" can form in this way in a country that is often percieved as valuing family quite a lot, especially in progressive regions where presumably equality means a lot. Also I'm surprised of how employers (candidates, rather) aren't pushing the compensation in a more work/life balance friendly direction. Especially since these were visa applications, a lot of which I assume come from people used to 5w holidays and actual 40h workweeks.

Re: Tech salary insights from 1.2M foreign worker visas

#126

Earlier quoted context omitted.

Your first article is based on faulty economics. When productivity increases are shared across an industry, nobody in the industry benefits. Instead, the benefits accrue to the customers and complements of the industry. There's a long historical precedent for that - productivity improvements in textile manufacturing destroyed the textile industry, productivity improvements in farming destroyed the small farmer, produ…

Your first article is based on faulty economics. No. I'm not saying that software engineers should earn $700,000+ or that any reasonable economic model would have them at that level-- because never in the history of economics has one's labor being worth something to the employer been, alone, enough to justify floating it to that rate. I'm only saying that their value to the businesses that employ them is at least tha…

I doubt a union would get much traction as long as the software industry is in as much flux as it is in, and boundaries between engineers, entrepreneurs, and financiers are as porous as they are. It's not uncommon for someone to be an engineer for a few years, a technical cofounder for a few more years, and then a venture capitalist later on. Many, many people in tech (Andreesen, PG, John Doerr, Eugene Kleiner, Bill Joy) have sat in all 3 seats.

Re: Tech salary insights from 1.2M foreign worker visas

#127

Earlier quoted context omitted.

Your first article is based on faulty economics. No. I'm not saying that software engineers should earn $700,000+ or that any reasonable economic model would have them at that level-- because never in the history of economics has one's labor being worth something to the employer been, alone, enough to justify floating it to that rate. I'm only saying that their value to the businesses that employ them is at least tha…

I doubt a union would get much traction as long as the software industry is in as much flux as it is in, and boundaries between engineers, entrepreneurs, and financiers are as porous as they are. It's not uncommon for someone to be an engineer for a few years, a technical cofounder for a few more years, and then a venture capitalist later on. Many, many people in tech (Andreesen, PG, John Doerr, Eugene Kleiner, Bill…

Actually it's incredibly uncommon. There are hundreds of thousands of engineers, far fewer "technical cofounders" and even fewer venture capitalists.

Re: Tech salary insights from 1.2M foreign worker visas

#128

We're not in a salary bubble. If anything, it's the opposite. I've analyzed the hell out of this "salary bubble" issue (or non-issue, because there is no such thing) at length. http://michaelochurch.wordpress.com/2014/05/24/whats-a-mid-c... http://michaelochurch.wordpress.com/2013/11/03/software-engi...

Your first article is based on faulty economics. When productivity increases are shared across an industry, nobody in the industry benefits. Instead, the benefits accrue to the customers and complements of the industry. There's a long historical precedent for that - productivity improvements in textile manufacturing destroyed the textile industry, productivity improvements in farming destroyed the small farmer, produ…

"productivity improvements in farming destroyed the small farmer"

Because the productivity improvements required large amounts of capital in the form of land and equipment.

In most of the software world capital is not anywhere near as important as it is in other industries. The main input is labor.

I wonder what would have happened in the farming industry if land and equipment was free. I suspect the split of profits between employees and employers would be a lot more even.

Re: Tech salary insights from 1.2M foreign worker visas

#129

Earlier quoted context omitted.

> is it common to do a few years of high-income work with 12hr days and high compensation People working the longest hours aren't necessarily making more money because of it. There's no overtime. People don't want to make less as they go on in their careers, and don't want to look like they don't want to work a lot, so if they take less time they try not to do so overtly. > then you get a "quieter" job somewhere else…

Thanks for the insights. Perhaps it is time for companies to compete for talent on these parameters instead? I think I've seen some companies trying to attract talent like that now that I think about it (was it stack exchange perhaps?). I might underestimate the power of the almighty buck here, but I'd take the employer that says "we value work/life balance, when we say 40h/week we mean it literally, we allow remote…

> I might underestimate the power of the almighty buck here, but I'd take the employer that says "we value work/life balance, when we say 40h/week we mean it literally, we allow remote work, and we have 5 paid weeks off".

Almost universally what you see in job ads and recruiter spam is "we offer exciting challenges" and that they've created the most fun place to work ever and if they mention compensation at all they offer "market salary" or "salary commensurate with experience", to the point where all these different messages sound pretty much the same.

I get hundreds of messages on linkedin and they all sound like the above with exciting challenges with a market salary, but I don't recall anyone attempting to promise above-market salary or better vacation time, even once. You would think that you could get a competitive advantage by promising tangible benefits as you suggest, but I've never seen it.

Some do mention being more flexible with remote work though.

> so it's basically a job that requires one parent to stay at home at least part time?

Yes, basically.

> Or you need a nanny to pick up your kids after school/kindergarten?

In the US children are universally bussed to/from school, you don't need to come pick them up yourself. So once they're old enough that they don't need constant supervision they often have a couple hours to themselves at home.

> My guess is that you are going to say that normally one parent (and not a random one) just stays home for years after having kids, but that would be a real blow to my view of SF/NYC as progressive...

In terms of labor conditions? CA and NY have a handful of better labor protections than the rest of the country, but progressive by your standards? absolutely not.

> It seems odd to me that people making a lot of money (which I hope these salaries are considered), wouldn't just invest a huge chunk of it in family/free time, by simply working less hours, e.g. 75% at 75% pay.

That would be great. I would totally do that.

Remember, people don't get paid by the hour so there's no counterincentive to employers using social pressure to get you to put in as much time as possible. There is no concept of a set number of hours you're supposed to work.

> Also I'm surprised of how employers (candidates, rather) aren't pushing the compensation in a more work/life balance friendly direction.

Yes. People are not willing to fight for this.

> Especially since these were visa applications, a lot of which I assume come from people used to 5w holidays and actual 40h workweeks.

The bulk of these these are from Asia or India where the salary differential might be very large.

Re: Tech salary insights from 1.2M foreign worker visas

#130

We're not in a salary bubble. If anything, it's the opposite. I've analyzed the hell out of this "salary bubble" issue (or non-issue, because there is no such thing) at length. http://michaelochurch.wordpress.com/2014/05/24/whats-a-mid-c... http://michaelochurch.wordpress.com/2013/11/03/software-engi...

Your first article is based on faulty economics. When productivity increases are shared across an industry, nobody in the industry benefits. Instead, the benefits accrue to the customers and complements of the industry. There's a long historical precedent for that - productivity improvements in textile manufacturing destroyed the textile industry, productivity improvements in farming destroyed the small farmer, produ…

Yes.

Small note: there will likely still be a risk premium for seed funding.

Thought experiment: isn't it _less_ risky to do your own thing with funding than stay in a corporate gig? I know a lot of people not very trusting of people who have stayed too long in BigCo emeritus positions, as they tend to think everything requires an intra-company social event before, during, and after work gets done.

I am... not sure that's true. But SF culture could get there very soon (assuming it's a social issue of who would want to hire you later -- I think you'd learn more from a startup, so it's not _only_ a social issue). Probably is already there for low-status technology use -- let's say PHP development? -- at giant corporations.

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