Secondary shops flooded with unicorn sellers

Post by phamilton » Sat, Feb 20, 2016, 11:33 PM UTC

superuser2 wrote: post #150

phamilton wrote: post #143

Earlier quoted context omitted.

There are a few factors at play here that have led to high salaries for engineers. First, the aforementioned funding bubble. Second, a correction to depressed wages due to collusion between the big tech companies. Third, increasing demand for tech workers in historically non tech sectors (Eg. Home Depot has mobile apps for home improvement). I have no idea what the attribution split is. But I'm fairly certain wages w…

What? Where are people going to get the money to pay higher/equivalent salaries if not funding? The non-tech sector seems perfectly content to pay engineers 60k under constant threat of outsourcing. In the absence of Silicon Valley competing for talent they'll get away with less, not more.

Post by phamilton » Sun, Feb 21, 2016, 4:22 AM UTC

superuser2 wrote: post #152

phamilton wrote: post #151

Earlier quoted context omitted.

Silicon Valley won't disappear. Google/Facebook/Apple/Microsoft/etc have been and will continue competing for talent. 2005 to 2009 was hardly a time of "easy money", yet the big tech companies still had to resort to collusion to combat demand for engineers.

What? 2006 was the heyday of Rails and the gazillions of startups built on it.

Post by manigandham » Sun, Feb 21, 2016, 8:09 AM UTC

sry_only_anon wrote: post #109

danjayh wrote: post #23

I think that this is just the beginning. In my opinion, we're heading for a tech bust that's going to spread to the rest of the economy, and deflate additional bubbles (housing, for one). The government has been pushing cheap money for the better part of a decade in the name of creating the appearance of a 'recovery', but what they've really done is build a new house of cards. Make no mistake: the 'free' money that's…

In places like SV and Vancouver housing prices are not strongly connected to the economic reach of the median person. China has a middle class as big as the entire US, and a huge number of millionaires in USD, and an unstable, opaque state-run economy, so huge numbers of rich Chinese are buying real estate abroad to protect their wealth and to give their kids a life in the US. I would be happy to see a movement to ke…

Post by leroy_masochist » Sun, Feb 21, 2016, 10:28 AM UTC

gyardley wrote: post #148

leroy_masochist wrote: post #135

Earlier quoted context omitted.

Understand how this could help you find a buyer, but if I were in this situation I'm not sure whether I'd want to put that on my LinkedIn profile.

Putting your title or the fact that you were one of the first employees at a company on your LinkedIn profile is pretty common, no? Just to spell it out - that's the perfectly clear indication, not 'oh hi I have 125,000 shares of X to sell'.