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Employees are left with an equation that looks basically like: enormous salary - obscene rent = just a bit more cash flow than you’d earn in software anywhere e
by orangecat 8y ago
Employees are left with an equation that looks basically like: enormous salary - obscene rent = just a bit more cash flow than you’d earn in software anywhere else.
It's probably true that the cost of minimally acceptable housing drives entry level tech salaries, but they go way up from there. A senior SWE at Google with salary+bonus+stock of $300k/year has a whole lot of disposable income even after the ridiculous housing expenses.
- solidsnack9000 8y agoThere are very few senior SWEs at Google, relative to tech employees as a whole.
- burlesona 8y agoFirst off, Google employees are the outliers even in SF. Second, there are many situational factors that make a huge difference as to whether 300k leaves “a whole lot of disposable income.” The simplest is families living on one income. In most of the country this is easily achievable if you can break six figures, but in SF housing is priced for two full area incomes, so if you want to make it work with one parent at home you either have a relatively small and ratty apartment (compared to housing stock elsewhere) or you spend $6000+ per month on housing which takes a dramatic bite out of that $300k you’re taking about.