6 ms·
Salaries tend to be sticky. A more likely outcome is the bottom ~25% of engineers being laid off or moved to contract status.
by bkeroack 11y ago
Salaries tend to be sticky. A more likely outcome is the bottom ~25% of engineers being laid off or moved to contract status.
- _yosefk 11y agoSticky for people already employed, perhaps, but probably not for new hires, I'd guess. Also, anecdotally, in 2008 some of those fired were expensive new hires. "The bottom 25%" might be defined as those fired but otherwise I don't think there is a definition of "bottom" those who get fired all fit. Say, if a project or a department is terminated, often everyone is let go, instead of trying to keep "the best" and replacing "worse" people elsewhere with them, etc.
- es09 11y agoEven more likely - hiring comes to a screeching halt. That's what brings the rental market down. There are a lot of new apartments being added to the market and bam, oversupply of rental units if the hiring slows down or stops.
- draw_down 11y agoJust clarifying, are you speaking of SF, or the US more generally...?
- gogopuppygogo 11y agoIt's likely to spread throughout the country.
- pm90 11y agoThat is highly overestimating the amount of tech jobs in the rest of the country. For SF, yes, I agree.