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Is it really that surprising? The cost-of-living vs. increased salary equation almost always works out in your favor if you are young, single, and don't mind a
by pembrook 10y ago
Is it really that surprising? The cost-of-living vs. increased salary equation almost always works out in your favor if you are young, single, and don't mind a roommate.
It's essentially an arbitrage. You're being paid in the employment market where salaries are based on an average standard. Meanwhile you're happy living in the housing market at a below average standard and keeping the profits.
That profit quickly disappears though once you are no longer satisfied living like a college kid.
- chmaynard 10y agoI wonder if sociology has anything to say on this topic. My sense is that young tech workers flocking to coastal cities are voluntarily extending their adolescent years, in the same manner as many graduate students. For many young people, 10 years working in Silicon Valley is really a form of graduate school, equivalent in earning potential to a Ph.D. at a world-class university. The big question: after you get your tech "graduate education", are you able to put down roots and create an adult life in these places, or does it make sense to move elsewhere?