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People say supply/demand but also they is price stickiness/anchoring. A grad SF coder might make $200k but in Europe they might make $20k and I believer the ma
by quickthrower2 4y ago
People say supply/demand but also they is price stickiness/anchoring.
A grad SF coder might make $200k but in Europe they might make $20k and I believer the main reason is that prices are sticky.
Like the housing market when you want to buy X you need to judge what X is worth and so you look to the market to see what other people are paying for X.
Candidates too are playing the same game.
The talent market acting like the stock market effectively.
This means SF companies have to be very profitable or grow fast.
A European company can plot along and be efficient, have bad sales etc. but survive on the cheap staff costs for a long time a a zombie.
It means any well tuned geo-arb company, selling in the US and paying locals outside can make a fortune.
Someone in 2050 “when i was young you could earn a fortune as a software engineer because for some reason they didn’t have the efficient global labour market we have now. Now that all the coders work for Uber Code many have decided electrical engineering is actually a better choice as it pays a bit more”