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> I think the issue with the OP's case specifically is that SF salaries are ridiculously over-inflated When the employing company is making billions of dollars
by apta 8y ago
> I think the issue with the OP's case specifically is that SF salaries are ridiculously over-inflated
When the employing company is making billions of dollars, it's only fair to pay its employees accordingly. This attracts talent. There's a reason why you generally find the best tech workers in the Bay Area and other tech hubs.
- stephenr 8y agoYou're suggesting that SF salaries are high purely because a small number of the companies in the area make billions of dollars in profits, and the rest are just playing "Keeping up with the Jones" on salaries? You think it has nothing at all to do with ridiculous cost of living caused by a massive influx of workers, in turn caused by an almost cult-like obsession with a particular geographic location funded by billions upon billions of other peoples money?
- apta 8y agoIt's cyclic. When employees are highly paid, rents will go up. Other people will also want in on the high salaries, so competition goes up to acquire the best employees, salaries go up, rents go up, rinse and repeat.
- stephenr 8y agoLandlords don't know what their tenants earn. They know when there is a lot of demand for available living space. Higher demand means they can ask for more rent, with a greater chance someone will agree to what they ask for.