Talent War in Silicon Valley Demands High Salary (axios.com)
An anonymous reader writes: Employees at Google's parent company Alphabet earned "a median pay package of more than $197,000" in 2017, around 18% lower than Facebook's median salary of $240,000, the Wall Street Journal reports. Per the Journal, this illustrates the competitive "talent war in Silicon Valley, where talented engineers are in limited supply." These two salaries were more than $100,000 above Amazon's median pay, which sat at $28,446. The median price for a home in Silicon Valley is upwards of $1 million, in Seattle the median home price is just under $800,000.
There's nothing valuable or sane about comparing Amazon's median salary to that of Facebook or Alphabet. When either of the latter two start employing thousands of low wage workers you'll see their median salary plummet to Amazon levels.
But hey, I guess we can't expect the Wall Street Journal to apply basic critical thinking skills.
"Lack of speed can be overcome. In the worst case by patience." --Znork
...the sillycon valley. It's always going to be the center of tech, but there's a large hunk of america that costs a tiny fraction where anyone can live like a king on $100k/yr.
It's a nice place, I spent the past week there, but I am glad to have left too. Paying 33% more in gas, 50% more in food, 30% more in groceries and the crowding and density didn't really endear it to me. To get an equivalent size house there to what I own would have cost almost 20x the price, and I know damn well I'm not going to get 20x the salary.
I'm just not convinced that in the digital era that the silicon valley created that we all need to pile in there anymore. Video conferencing works well, email works well, networks work well. Let's spread out some.
We have just recently learned that accounting pays so much better than IT: https://ask.slashdot.org/story...
So, how big are accountant salaries in Silicon Valley?
For stale, male, and pale IT neckbeards.
Outsource it all to Africa as even India’s too expensive now.
Look there is one reason and one reason alone that housing there can sustain million dollar prices, its because people are subsidizing the servant class.
Think about this would anyone of these talent people, who can get jobs elsewhere choose the valley if they could not get their cup of coffee made for them, their lawns mowed, the bagels sliced and smeared? Where there were few restaurants and limited shopping? Answer No! Nobody would want to live in a city with no basic commercial services.
Of course nobody who performs those services can pay the rent on a property will million dollar land values for .1 acre either... So we give them subsidized housing, transportation, and food stamps... Which have to be paid for with insanely high taxes on ever higher professional salaries. Meanwhile the poorer worker never amasses actual capital to buy a home or personal transportation etc. They are tightly controlled as to where they can live (in the housing project) and what they can buy with an increasing proportion of their spending (SNAP etc)..
These things are given to them because it keeps them in the city to serve the wealthy professional class. Which they all vote for because it props up the real-estate assets they hold. If we did not do the welfare madness one of two things would happen. The servant class would be forced to flea the city for green pastures, property values would collapse because obtaining a cup of coffee or getting your lawn mowed; the property otherwise maintained, you kids tutored would be impossible; or wages would rise, until those workers could afford to live. The "Great Society" is the cause of not the solution to the growing wealth gap; Silly Valley is the future of this entire nation if these policies are continued, its a perfect example of how to establish a permeate under class and destroy the American Dream forever.
What is a amazing is its held up instead as the exemplar of entrepreneurial capitalism; there are plenty of useful idiots supporting all this nonsense who have bought the lie; the reality is however its a minority of already highly successful people and their offspring protecting their position of privilege. Establishing a new 21st Century American Nobility.
Repeal the 17th Amendment TODAY! Also Please Read http://www.gnu.org/philosophy/right-to-read.html
Most of the alleged talent is nothing but inexperienced mediocre employees who jump ship at the first opportunity they find. An employee that works a year here and a here there is usually a poor performer employee.
Is that that average salary includes data scientists, AI researchers, etc. which command higher salaries than typical software engineers. I would be very surprised to find that the median salary of a SWE at Facebook is $240k unless they bring a very impressive resume with them. The SWEs who just build out new user-facing features with Hack and React are likely not anywhere near that.
And that's the flip side of it: The so-called "Golden Handcuffs". We have it, to a lesser extent, in Metro DC as well. The pay is significantly higher, and you adjust your lifestyle to it. And then. . . .companies outside "the bubble" cannot offer that level, even if the cost of living is low enough that it's a defacto lifestyle IMPROVEMENT. . .
that has made the USA the most successful company in the history of the planet.
30 years ago, the *Talent* of Silicon Valley were the god of programmers
Now, the so-called *Talent* Silicon Valley treasures are those scoundrels who sell ideas, get a so-called 'startup' running, get money from investors, and then ... vanish
Captain Obvious strikes again!
We suffer more in our imagination than in reality. - Seneca
It's always going to be the center of tech, ....
As far as Biotech is concerned it isn't.
And the innovative things I'm seeing in medical care in India will one day benefit everyone in the World - except for us in the USA because we have one fucked up medical care system.
But by all means, if some "tech" company that rehashes shit and makes an app for it, sure Silly Valley is it.
Silly Valey jumped the shark in the 90s.
isn't always gold as the saying goes.
Those salaries look pretty decent, until you factor in the cost of living out there. I get a good laugh from folks who are paying $1M+ for homes and need four room-mates just to make it work. I would love to see someone track / post their expenses for a few months just to compare how outrageous things really are.
I would post mine, but don't want all the California types moving here as they tend to bring all the silly ideas that caused them to move away in the first place along with them. :D
Real simple, I fell for this once and left my $120K job in Michigan for a 240K job in Manhattan NYC. Immediately realized how expensive it really is to live there, wasn't living nearly as well or able to find half the things I wanted in the area without leaving and spending a day just to buy something.
I came back but leveraged that to get $150K here in Michigan. I plug that into a cost of living calculator for comparable salary and those numbers are basically spot on.
150K in MI results in needing 340K to be equal in NYC, and 265K in California. Numbers seem just fine.
self-promoting circle-jerk demands high salary, not exactly news.
Just a few days ago, there was an article on Slashdot that claimed "programmers knew that their own ladder to prosperity was on fire and disintegrating fast. They knew that well-paid programming jobs would also soon turn to smoke and ash." Yet here we are talking about $240,000 median pay for software engineers. Boy, it sure seems like well paid programming jobs are turning to smoke and ash with median pay of $240,000!
I'm pretty sure, that's Japan, actually...
In Soviet Washington the swamp drains you.
> Employees at Google's parent company Alphabet earned "a median pay package of more than $197,000" in 2017, around 18% lower than Facebook's median salary of $240,000, the Wall Street Journal reports. Per the Journal, this illustrates the competitive "talent war in Silicon Valley, where talented engineers are in limited supply." These two salaries were more than $100,000 above Amazon's median pay, which sat at $28,446.
Typo alert. Amazon's median salary is probably $128,446, based on context .. and reality.
I made $28K CAD in 1983, living in Toronto. I don't imagine American engineers made that little anywhere in the last thirty years.
Amazon's salaries are notoriously low because the majority of their compensation is in the form of stock. So you could get 2/3rds of your "total comp value" in the form of stock instead of a cash bonus/salary like in other companies.
Median is irrelevant. Look at sigma distance.
You make 50K$ a year, pay your bills and have a YouTube channel in Silicon Valley!
That's success!
FTFY — Creimer :P
That's a very low bar for success, Tardchris.
Where is the significant other, Tardchris? Where is the car? Where is the house? Where is the family? You are operating at the level of a teenager, Tardchris.
But a teenager has something to look forward to, like losing his virginity, finding love, starting a family.
Not a sudden heart attack on public transit at the age of 49.
Microsoft crushed big iron UNIX with Windows NT. They got companies to abandon their own OS variants and use Windows NT instead.
Actually that was Linux. People running *nix tended to stay with *nix. Microsoft's OS was brand named "workstation" but it was not displacing traditional *nix workstations. *nix never really made it to the desktop of average workers, *nix users tended to be high end and specialized and remained so. DOS, OS/2 and Windows 3.x were what Windows NT displaced on the desktop.
Servers were a similar story. traditional *nix servers were largely displaced by Linux or FreeBSD. Windows server users tended to be those new to servers. Microsoft captured a large chunk of new users, of the growth, but not much displacing of existing *nix. And *nix captured a large chunk of the new users / growth too.
I'm not Chris. I'm just a random AC who will jerk your chain whenever you post bullshit about the legendary I.T. closet cleaner. - Creimer :P
Why post bullshit when we can get the straight shit from Tardchris himself? Complete with the usual crammar.
Let me guess, Chris: you're going to DMCA your own interview?
" I'm just a random AC who will jerk your chain whenever you post bullshit about the legendary I.T. closet cleaner [youtu.be]. - Creimer :P"
1) That's not very random
2) AC's generally don't sign with their name.
Wow, that atherosclerosis sure is cutting off the blood to the old noodle, huh Chris?
Not true! As a random AC, I sign with my name. - FatCashewsLoveMe
Pay more, get better talent. Supply and demand.
But in Silicon Valley, War earns a salary, a fat one on top.
After all, billions of people are looking for work. Indeed, if it wasn't for class barriers and corruption, there'd be no labor shortages, wages would be fairer and life would be far better for most people. This can't and won't change because our leaders are selfish, greedy and unethical. Of course, if you can't see this, perhaps you're biased? The truth is often bitter.
Buy a clue and get a fucking life. - Anonymous Cashews
San Francisco is the worst city in America.
It's full of psychotic leftists who, despite their complete lack of common sense and below average IQ, think they're elites. The city is covered in shit and piss, and the smell wafts through the air 24-7. Traffic is the worst of any major U.S. city.
And for all this, you get the most expensive prices in the country.
Or you can become a creimer shill. How much is creimer paying you?
DESPERATE SHORTAGE OF IT WORKERS!!
headline from the usuual suspects.
*sniff sniff* I smell a media blitz coming our way.
Today's bullshit tactic -
1) cite unconfirmed, *self-sourced* statistics from two companies known to be wage and employment maniipulators, lawbreakers and knowing and systematic liars and found guilty in a court of law of the same.
https://www.reuters.com/article/us-apple-google-lawsuit-exclusive-idUSBREA3N28Z20140425
https://www.cnet.com/news/apple-google-others-settle-anti-poaching-lawsuit-for-415-million/
2) cite statistics from the two of the most profitable companies not just in Silicon Valley, but everywhere in the US as if such were somehow indicative of anything.
3) ignore the fact that programmedrs are fleeing / not applying to Google because of their debased, immoral, really just psychotic corporate culture as revlealed in Demore's lawsuit and well documented elsewhere by their own employees' postings.
http://media.breitbart.com/media/2018/01/8675d.png
http://www.breitbart.com/tech/2017/08/07/revealed-inside-googles-sjw-cabal-blacklists/
http://media.breitbart.com/media/2018/01/345454.png
https://pjmedia.com/jchristianadams/employee-lawsuit-reveals-google-intolerant-race-cult/
Sorry to source so heavily from "right wing news"sites, but MSM sites don't seem to be interested in covering any of this in any particular detail. It's not "fake news" , whatever that is suposed to be these days.
I know of zero that' 0.00 people who are interested in working at Google in any capacity. Supposing that ANNY of these stats are even related to reality- and I don't supose that- there's a word for it; it's called "stay pay". Stay pay is the never-even-hoped-for amount of money you give employees who would otherwise be jumping a sinking ship or, in these cases, jumping a ship they can see will presently be sinking.