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It's important to note that these studies over time don't include the same people. The Silicon Valley wage earners from 1997 overlap with the today's population
by bko 8y ago
It's important to note that these studies over time don't include the same people. The Silicon Valley wage earners from 1997 overlap with the today's population only slightly.
I think a more telling study would be on an individual basis. Someone earning X in Silicon Valley 20 years ago is earning Y today.
- PavlovsCat 8y agoComparing newcomers today to newcomers 20 years ago, and seniors today to seniors 20 years ago makes more sense to me.
- nostrademons 8y agoThat'd be pretty misleading as well. A number of people became independently wealthy off stock options in the dot-com boom and now use that money to indulge in personally-fulfilling but not necessarily lucrative hobbies. (Examples: DNA Lounge and Rabbit's Foot Meadery are both run by Netscape alums, a few rug merchants in Palo Alto got rich off dot-com stock, I had a friend at Google who quit her job after 7 years at Adobe + Google to open a gym, I suspect a number of restaurants in the local downtowns are run by ex-tech engineers, and I stayed at a B&B up in Alaska that was run by a guy who saved all his money working in SV for 20 years and then sailed around the world, bought a couple warehouses in Seward, and turned them into a B&B + restaurant.)