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To claim that it's unclear what the effect of a no poach cartel is on engineering salaries is at the same time to claim that it is not necessary that there shou

To claim that it's unclear what the effect of a no poach cartel is on engineering salaries is at the same time to claim that it is not necessary that there should be legislation preventing no poach cartels from existing. Do you believe this to be the case? If so, do you really mean to say that engineering salaries should not be set by market forces?

keeptrying 15y ago
PG is just saying that if it had been a competitive market we dont know the extent of how much it would have increased engineering salaries. Thats true. However lets take the case of NEw York where you can get program trading jobs for $300K and I have friends who got these kind of jobs. Hedge funds routinely pay $250K plus. I think this is what would have happened in the valley.
- etherael 15y ago
  That sounds like a reasonable assumption to me also.
- anonymoushn 15y ago
  Which companies are paying this, and what type of software are they making?
  - aptwebapps 15y ago
    Trading companies. They're writing software in house to control stock trading (or that of any other financial instrument that's on the market. The software is so directly responsible for profit margins that the companies are forced to be very competitive with their compensation.
    - anonymoushn 15y ago
      I was hoping for a more specific answer. I currently work at an algorithmic trading firm making software that trades securities, but I didn't find a position like this at $250K/year.
      - keeptrying 15y ago
        Algo trading at the bigger banks. Any head hunter in NYC can help you find such a position.
- cbsmith 15y ago
  I don't think that at all makes sense. The finance business in general distorts pricing. There are a whole host of professions that pay significantly more in NY than they do anywhere else.
pg 15y ago
Does asking for evidence that a murder attempt succeeded imply that one thinks murder should be legal?

keeptrying 15y ago

PG is just saying that if it had been a competitive market we dont know the extent of how much it would have increased engineering salaries. Thats true. However lets take the case of NEw York where you can get program trading jobs for $300K and I have friends who got these kind of jobs. Hedge funds routinely pay $250K plus. I think this is what would have happened in the valley.

etherael 15y ago
That sounds like a reasonable assumption to me also.
anonymoushn 15y ago
Which companies are paying this, and what type of software are they making?
- aptwebapps 15y ago
  Trading companies. They're writing software in house to control stock trading (or that of any other financial instrument that's on the market. The software is so directly responsible for profit margins that the companies are forced to be very competitive with their compensation.
  - anonymoushn 15y ago
    I was hoping for a more specific answer. I currently work at an algorithmic trading firm making software that trades securities, but I didn't find a position like this at $250K/year.
    - keeptrying 15y ago
      Algo trading at the bigger banks. Any head hunter in NYC can help you find such a position.
cbsmith 15y ago
I don't think that at all makes sense. The finance business in general distorts pricing. There are a whole host of professions that pay significantly more in NY than they do anywhere else.

pg 15y ago

Does asking for evidence that a murder attempt succeeded imply that one thinks murder should be legal?