Earlier quoted context omitted.
It's a big assumption that SV wages are inflated given the value that sector has generated for the economy. Facebook made around $600k in profits per employee . I will agree that they are inflated relative to other professions, but that just means for them the earnings gap is even greater. ( https://www.commondreams.org/views/2020/01/21/if-worker-pay-... ) https://insights.dice.com/2019/07/10/how-much-tech-companies.…
Software developers simply do not get offered pay anything close to SV wages pretty much anywhere else in the US (maybe NYC? not sure on that one) - as far as I can tell. It's not really in dispute that SV software wages are significantly higher than elsewhere in the country, is it? Now, we all know there's many reasons for that, including competition and housing costs. My point is that salaries are so much lower alm…
A couple of things are being conflated.
SV housing costs are astronomical so some companies pay inflated salaries to at least somewhat compensate.
Certain large tech companies are willing to outbid essentially everyone else to get the people that (they think) are the best.