5 ms·

We were about to look for a sales manager in the US. For fuck's sake, people are asking $160K with just two years of experience on angel.co.

p1esk 4y ago
160k in SV is basically the poverty line. Middle class starts somewhere at 300k.
- brokensegue 4y ago
  For a family of 4 maybe. You can live just fine on 160k individually
  - p1esk 4y ago
    What kind of a place can you buy in, say, Mountain View while making 160k?
    - brokensegue 4y ago
      I only know the rental market. Definitely one bedroom places to rent at 3-4k/mo which easily fits into that salary.
      - p1esk 4y ago
        If you cannot afford to own even a modest 2br apartment you’re definitely poor. Middle class starts where you can afford an average house.
        brokensegue 4y ago
        You could also afford a 2 bedroom on that salary. But you aren't in "poverty" if you can't afford an extra room. You would have lots of extra money to save or eat out in this scenario.
  - Zerverus 4y ago
    Sure you can but why should you settle for it? Who decided that it’s ok?
    - brokensegue 4y ago
      Settle for making 6 figures in a nice apartment in a nice part of town with plenty of extra spending money? Woe is me.
- lmeyerov 4y ago
  I think bay area is formally about 115k for 4 people to be low-income... So more like 30k/person. More relevant to HN crowds, if that didn't work, Stanford & Berkeley PhD students wouldn't exist. I took a founders paycut for years to be at around 50-60k and still saved money while having fun eating out etc. We pay our local team multiples of that because that's the local market. However, it's clear the local market is driven by monopoly positions of Google, Facebook, Apple, etc., and the last 5-10 years of crazy capital markets + crypto wave for smaller co's, not COL. Edit: And apparently by gov standards, local gov doesn't think 25% of SF folks qualify to live there with these kinds of numbers... and yet they do. The standard sets individuals at 80k. That'd be amazing for a lot of people, as it's the diff between housemates / your own 1-2br.

p1esk 4y ago

160k in SV is basically the poverty line. Middle class starts somewhere at 300k.

brokensegue 4y ago
For a family of 4 maybe. You can live just fine on 160k individually
- p1esk 4y ago
  What kind of a place can you buy in, say, Mountain View while making 160k?
  - brokensegue 4y ago
    I only know the rental market. Definitely one bedroom places to rent at 3-4k/mo which easily fits into that salary.
    - p1esk 4y ago
      If you cannot afford to own even a modest 2br apartment you’re definitely poor. Middle class starts where you can afford an average house.
      - brokensegue 4y ago
        You could also afford a 2 bedroom on that salary. But you aren't in "poverty" if you can't afford an extra room. You would have lots of extra money to save or eat out in this scenario.
- Zerverus 4y ago
  Sure you can but why should you settle for it? Who decided that it’s ok?
  - brokensegue 4y ago
    Settle for making 6 figures in a nice apartment in a nice part of town with plenty of extra spending money? Woe is me.
lmeyerov 4y ago
I think bay area is formally about 115k for 4 people to be low-income... So more like 30k/person. More relevant to HN crowds, if that didn't work, Stanford & Berkeley PhD students wouldn't exist. I took a founders paycut for years to be at around 50-60k and still saved money while having fun eating out etc. We pay our local team multiples of that because that's the local market. However, it's clear the local market is driven by monopoly positions of Google, Facebook, Apple, etc., and the last 5-10 years of crazy capital markets + crypto wave for smaller co's, not COL. Edit: And apparently by gov standards, local gov doesn't think 25% of SF folks qualify to live there with these kinds of numbers... and yet they do. The standard sets individuals at 80k. That'd be amazing for a lot of people, as it's the diff between housemates / your own 1-2br.