Tech Salaries Stagnant Despite Low Unemployment: Survey

Post by _bxg1 » Thu, Jan 31, 2019, 7:40 PM UTC

kamarg wrote: post #14

_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.

Er...isn't the general agreement that if you want to get rich you absolutely should not go work for or found a startup but instead get a steady job at big corp and live below your means? People are always on about how shares in a startup should be counted as $0 compensation. Not to mention $93k doesn't go very far in places with large populations and high job prospects.

Post by conanbatt » Thu, Jan 31, 2019, 7:41 PM UTC

SquirrelOnFire wrote: post #19

conanbatt wrote: post #9

Earlier quoted context omitted.

Thats not how it works. You cant put prices unilaterally in a market: a single company offering more would capture all talent.

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

Post by toomuchtodo » Thu, Jan 31, 2019, 7:42 PM UTC

jriot wrote: post #20

toomuchtodo wrote: post #16

Earlier quoted context omitted.

$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.

Im at a $100k, my wife stays at home with our two school age kids, we live quite comfortably.

Post by oflannabhra » Thu, Jan 31, 2019, 7:48 PM UTC

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.

Post by jriot » Thu, Jan 31, 2019, 7:49 PM UTC

toomuchtodo wrote: post #25

jriot wrote: post #20

Earlier quoted context omitted.

Im at a $100k, my wife stays at home with our two school age kids, we live quite comfortably.

I assume you live somewhere rural, with low cost of living, and not a suburb of a major metro. Is my assumption accurate? You might even be remote, in which case you've traded higher wages for lower employment mobility (which is a reasonable compromise to make, but not common).