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Talent War in Silicon Valley Demands High Salary (axios.com)

Posted by msmash on from the money-power dept.

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.

4 of 189 comments (clear)

  1. Might be time to leave... by Austerity+Empowers · · Score: 5, Insightful

    ...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.

    1. Re:Might be time to leave... by AmiMoJo · · Score: 5, Interesting

      People have realized that if they go and earn big bucks for a few years and then bail to somewhere cheaper, that mega salary will help them get above the going rate anywhere. Recruiters don't look at a $200k salary and think "oh but that was Silicon Valley, this person will take $50k out here and maintain the same lifestyle", they think "well I had better offer at least 100k to get someone like that!"

      --
      const int one = 65536; (Silvermoon, Texture.cs)
      SJW, n: "Someone I don't like, and by the way I'm a fuckwit" - AC
  2. Re:Outsource it all by Drethon · · Score: 5, Insightful

    Outsource it all to Africa as even India’s too expensive now.

    Outsource it to pretty much any state east of California, it is still going to be cheaper than hiring someone local.

  3. Re:Outsource it all by cascadingstylesheet · · Score: 5, Insightful

    Outsource it all to Africa as even India’s too expensive now.

    Outsource it to pretty much any state east of California, it is still going to be cheaper than hiring someone local.

    But, but, those people east of California might occasionally think unapproved thoughts!