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The data in payscale.com seems to vary a lot with these numbers. I assume they have much more data than Triplebyte. For example, the 50th percentile of a SE wit

The data in payscale.com seems to vary a lot with these numbers. I assume they have much more data than Triplebyte. For example, the 50th percentile of a SE with 3 years exp will have a salary of 100K in a city like NYC. The cost of living in NYC is as high as in SV. May be there are more engineers who are paid a lot less? I hope the corporate tax break gives a good hike but that's just a dream.

santaclaus 9y ago
> The cost of living in NYC is as high as in SV. The Bay Area has eclipsed NYC, at this point. Average rent in NYC is something like ~3200 last I checked, Bay Area ~3600. Depending where you live (outside of 'main' San Francisco or Oakland west of the lake) a car is also a likely requirement in the Bay Area.
- what_ever 9y ago
  Except that Bay Area is not just SF and there are plenty of high paying companies in South Bay where average rent is not $3600. $3600 gets you a good 3 Bed apartment in San Jose.
CalChris 9y ago
> I hope the corporate tax break gives a good hike but that's just a dream. That dream is so not going to happen. CEOs are going to forward any tax cut to their investors. Since companies owe a fiduciary duty to their investors this should not at all be surprising. Trump's Tax Promises Undercut by CEO Plans to Reward Investors https://www.bloomberg.com/news/articles/2017-11-29/trump-s-tax-promises-undercut-by-ceo-plans-to-reward-investors https://www.bloomberg.com/news/articles/2017-11-29/trump-s-t...
- vonmoltke 9y ago
  > Since companies owe a fiduciary duty to their investors this should not at all be surprising. When is the myth that a company's fiduciary duty to its shareholders includes funnelling all profits back to them going to die?
  - CalChris 9y ago
    Excuse me but I'm just citing an article that quotes a bunch of CEOs about what they would do with that tax cut. I suppose they could also retain those profits and expand. But they didn't say that. They said they'd forward those profits to their investors. Not sure where you get a myth out of that.
    - vonmoltke 9y ago
      The myth is that they have a fiduciary duty to do so. They do not.
  - Raidion 9y ago
    Practically, with the low interest rates, cash isn't worth a whole lot to an average Fortune 500. You can already see how Apple is getting heat for having so much cash on hand, only reason there isn't more is that people are hoping for a tax repatriation holiday. With most large companies being a) well capitalized already and b) able to borrow large amounts cheaply, you have to make a really hard case that holding onto cash (or spending it internally) is the best thing to do. Funneling all profits back to the shareholders is only a duty when there isn't much else to do with the cash, which is mostly what's happening.
    - vonmoltke 9y ago
      > Funneling all profits back to the shareholders is only a duty when there isn't much else to do with the cash, which is mostly what's happening. Funnelling all profits back to shareholders is never a duty.
      - CalChris 9y ago
        What is 'Profit' Profit is a financial benefit that is realized when the amount of revenue gained from a business activity exceeds the expenses, costs and taxes needed to sustain the activity. Any profit that is gained goes to the business's owners, who may or may not decide to spend it on the business. https://www.investopedia.com/terms/p/profit.asp https://www.investopedia.com/terms/p/profit.asp
kmicklas 9y ago
Yeah coming from NYC these numbers seem pretty high especially considering everyone here is saying they're low for being biased towards startups.

santaclaus 9y ago

> The cost of living in NYC is as high as in SV. The Bay Area has eclipsed NYC, at this point. Average rent in NYC is something like ~3200 last I checked, Bay Area ~3600. Depending where you live (outside of 'main' San Francisco or Oakland west of the lake) a car is also a likely requirement in the Bay Area.

what_ever 9y ago
Except that Bay Area is not just SF and there are plenty of high paying companies in South Bay where average rent is not $3600. $3600 gets you a good 3 Bed apartment in San Jose.

CalChris 9y ago

> I hope the corporate tax break gives a good hike but that's just a dream. That dream is so not going to happen. CEOs are going to forward any tax cut to their investors. Since companies owe a fiduciary duty to their investors this should not at all be surprising. Trump's Tax Promises Undercut by CEO Plans to Reward Investors https://www.bloomberg.com/news/articles/2017-11-29/trump-s-tax-promises-undercut-by-ceo-plans-to-reward-investors https://www.bloomberg.com/news/articles/2017-11-29/trump-s-t...

vonmoltke 9y ago
> Since companies owe a fiduciary duty to their investors this should not at all be surprising. When is the myth that a company's fiduciary duty to its shareholders includes funnelling all profits back to them going to die?
- CalChris 9y ago
  Excuse me but I'm just citing an article that quotes a bunch of CEOs about what they would do with that tax cut. I suppose they could also retain those profits and expand. But they didn't say that. They said they'd forward those profits to their investors. Not sure where you get a myth out of that.
  - vonmoltke 9y ago
    The myth is that they have a fiduciary duty to do so. They do not.
- Raidion 9y ago
  Practically, with the low interest rates, cash isn't worth a whole lot to an average Fortune 500. You can already see how Apple is getting heat for having so much cash on hand, only reason there isn't more is that people are hoping for a tax repatriation holiday. With most large companies being a) well capitalized already and b) able to borrow large amounts cheaply, you have to make a really hard case that holding onto cash (or spending it internally) is the best thing to do. Funneling all profits back to the shareholders is only a duty when there isn't much else to do with the cash, which is mostly what's happening.
  - vonmoltke 9y ago
    > Funneling all profits back to the shareholders is only a duty when there isn't much else to do with the cash, which is mostly what's happening. Funnelling all profits back to shareholders is never a duty.
    - CalChris 9y ago
      What is 'Profit' Profit is a financial benefit that is realized when the amount of revenue gained from a business activity exceeds the expenses, costs and taxes needed to sustain the activity. Any profit that is gained goes to the business's owners, who may or may not decide to spend it on the business. https://www.investopedia.com/terms/p/profit.asp https://www.investopedia.com/terms/p/profit.asp

kmicklas 9y ago

Yeah coming from NYC these numbers seem pretty high especially considering everyone here is saying they're low for being biased towards startups.