Industry average doesn't really apply. What the Silicon Valley local market is does apply, and if there are places that pay better, they'd go there. Why stay at

Industry average doesn't really apply. What the Silicon Valley local market is does apply, and if there are places that pay better, they'd go there. Why stay at a place where you're underpaid relative to your peers when another place down the street offers more money? I wouldn't. Besides, I've read that there's a lot of job hopping going on in SV for better pay, and that includes googlers. It's hard to see how one could make systematically underpaying a group of people work.