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> A huge part of the reason Silicon Valley coders are expensive is that the ecosystem there has made for phenomenally successful tech companies. They have both
by capableweb 6y ago
> A huge part of the reason Silicon Valley coders are expensive is that the ecosystem there has made for phenomenally successful tech companies. They have both the money and the motive to engage in a bidding war for talented developers.
Alternative narrative: All the companies want to be located in Silicon Valley but no developers actually want to live there. So you have to pay ridiculously high salaries for people to even consider living there.
- kemayo 6y agoThat seems unlikely, since it's a nice city in a temperate climate. Absent any discussion of the job market, I'd like living there. Now, given the cost of housing in the Bay Area, having to pay ridiculously high salaries for people to afford living there... Which, yes, is a bit circular. The tech boom (plus dumb zoning choices, and also California's property tax laws) has resulted in that vast increase in housing costs, as too many people try to cram into the available housing stock. Note news stories about rent plummeting in SF as people went remote for COVID.
- TulliusCicero 6y agoThere are things that suck about SV, but there are great things too: the weather is extremely nice, lots of cultural diversity, good food scene, and there's so much tech that you have lots of opportunities and security. But taking a cynical angle like yours, you could apply that reasoning to any big city in any country: why do they have to pay more? Well, obviously because people hate Tokyo/Paris/NYC/Milan/London/etc.