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Bay Area tech workers are seeing 'salary stagnation,' new report says
- richrichie 3y agoAbout time salaries corrected down.
- a_random_canuck 3y agoWhy not see everyone else correct up? Tech salaries aren’t too high. It’s many other salaries that are far too low from decades of stagnation.
- pokepim 3y ago[dead]
- richrichie 3y agoI guess “Market” will speak e.g. in terms of layoffs.
- CommanderData 3y agoThe antiquated still think 28K is a reasonable salary, and that is before any tax deductions. Mentalities like those are one of the reason why salaries are so low in the UK.
- richrichie 3y agoThis has nothing to do with mentalities. Think: 1. Supply glut 2. Dead cheap and effective AI coding assistants 3. Contracting economy
- inemesitaffia 3y agoPeople forgetting that remote work turns local jobs into global jobs. And people live in Haiti and Venezuela with starlink and Fiber
- bitwize 3y ago> Why not see everyone else correct up? Because the rich executive class don't want to pay that much scratch.
- xeornet 3y agoThe employment market is very much a free market system right now. There is enough supply to meet the current demand and keep the existing inflated salaries. We seem to have reached an equilibrium.
- effingwewt 3y agoIve never heard of s free market where people are forced to participate lest they die of hunger and homelessness. We have a disgusting power imbalance that gets worse every day.
- nightski 3y agoThere are plenty of free markets with indirect forced participation. The freedom doesn't come from choice to participate but rather choice of who to engage with and competition.
- qpingo 3y ago[dead]
- effingwewt 3y agoIts not a feee market with forced participation. People need to quit changing the definitions of words to fit their argument or worldview.
- adastra22 3y agoInflation with tech salary stagnation? That’s what we’re seeing.
- hakdbha 3y ago[dead]
- sciencesama 3y agoTheir house mortgages will keep them not quit their jobs !!
- namaria 3y agoThere are only two ways to ascend economically. Find a growth area and bootstrap a business (lending to yourself to capture more market share before others) or chasing risk taking investors. What is happening is a huge ecosystem based around chasing California style VC risk takers is getting less water and it's starting to dry out at the edges. But chasing local growth has never been easier thanks to the legacy from the California VC ecosystem. One or two persons with knowledge of programming and networking (and some old timey human networking) can now easily throw services at a local big city market and see what sticks.
- decafninja 3y agoIf you’re making as much or more than a medical doctor, should you really complain if your comp is flat? I’m in that boat, and my comp was more or less flat this year, as was most of the company. I’m overjoyed and ecstatic and thankful to be making this much. But some of my colleagues are furious and upset. C’mon, really? I guess if you’ve been making FAANG comp all your career, you have no experience making anything less? Versus if you’re coming from the non tech world where a senior or staff SWE will retire in their 60s making about as much as a FAANG junior SWE, you have a lot more to be thankful for.
- DonsDiscountGas 3y agoIf the company profits are up and your pay is flat (as is the case at many tech companies) then yes I think you can and should complain.
- okdood64 3y agoIsn’t that was RSUs seek to address? (Arguably inadequately.) With regard to being locked up in a 4 year vest schedule during grant.
- DecentRecruiter 3y agoThis is just another correction from the 2021 bubble, no? It sucks, but better this than the layoff form of re-balancing.
- nine_zeros 3y agoNot seeing a stagnation in corporate profits though.
- piyuv 3y agoNo stagnation in executive compensation though