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The supply of engineers has also massively increased compared to the supply of high paying tech jobs. Your salary is capped by what you produce for your employ
by jmoak3 3y ago
The supply of engineers has also massively increased compared to the supply of high paying tech jobs.
Your salary is capped by what you produce for your employer but your salary is determined by how hard it is to replace you. In the Bay with more companies than you could count, they had to fight tooth and nail for these incredibly productive workers, pushing wages higher and higher - capturing the value the workers create. Add in ZIRP and all the startups that creates and you’re looking at a cage fight between employers over workers.
With remote work and the end of ZIRP, suddenly the bay has less startups and the Googles of the world can more seamless employ workers in Cleveland or Bangalore. What does a Bay Area worker gain from this, access to tech jobs in Cleveland?
- wolongong942 3y ago> Your salary is capped by what you produce for your employer but your salary is determined by how hard it is to replace you. In the Bay with more companies than you could count, they had to fight tooth and nail for these incredibly productive workers, pushing wages higher and higher Companies don't seem to hire this efficiently in practice, and a large number of these big tech workers seem to receive far more value than they create. I've personally seen no change in usability of social media platforms despite a ton of layoffs. I think we will see more efficient hiring by necessity (higher rates).
- deleted 3y ago[deleted]
- the_only_law 3y ago> Googles of the world can more seamless employ workers in Cleveland or Bangalore Aren’t they busy trying to rush everyone back into office now?
- deleted 3y ago[deleted]