4 ms·

300k isn’t crazy especially in SF that s not going up get you far

lenerdenator 2y ago
Perhaps we should stop concentrating so many opportunities in areas with exhausted resources that are needed to host an economic sector.
- asah 2y ago
  Logic is backwards: most (not all!) high power candidates live in expensive dense cities to take advantage of easy access to other people, both for culture (e.g. art and live performances) and work (e.g. meetings, networking events, 1x1s, etc. Put another way, there aren't enough qualified candidates outside expensive cities and therefore the salaries typically tend to go up to cover those costs of living.
- randomdata 2y ago
  Buyers are free to choose to buy from the company in Poducksville instead, but I suspect that, in the typical case, they'll never learn about said company because it takes strong network effects to get things off the ground.
  - lenerdenator 2y ago
    Every ecosystem - economic, ecological, or otherwise - has a carrying capacity. The SV/NorCal area is reaching that capacity. There are only so many dollars customers are willing to pay to get a quality product, service, or charitable act before the law of diminishing returns kicks in, and those dollars are what funds the compensation packages of both profits and non-profits. There is no infinite well of value (no matter what capitalism says), which means that there is a ceiling on things like salary and the things (namely residential real estate) that said salary can buy. If you pay a person $300k to do a job because that's what the local job market dictates in SV, are you really getting the surplus value to cover that salary? Can you keep charging customers that amount? Will you do increasingly alienating things that causes negative externalities (read: regulation) to be passed that impact your business model's ability to pay that much? You could very well be better off to hire someone at the $150k rate in a place like Kansas City or Minneapolis. Those aren't "Poducksville" but that's the competition the valley will begin to see.
- johnnyanmac 2y ago
  Sure, just ask the investors to move out of SF, Berkely, Stanford et al. to go south for the winter, and the trillion dollar tech barons to move HQ to the midwest. Do all that and it may start to dissolve a bit.
nytesky 2y ago
Doesn't CEO and non profit operate out of Nashville?
- giancarlostoro 2y ago
  Even so, I'm assuming this isn't like a normal job where you have benefits, if they're paying for all of that out of pocket, the salary makes perfect sense to me.
  - hiatus 2y ago
    Why would you assume that? If you are company over a certain size (even a non-profit) you are obligated by federal law to offer health insurance.
    - giancarlostoro 2y ago
      Are they large? I've not heard of them. It has 130 thousand members, but that doesn't mean they're all employees?
      - hiatus 2y ago
        The law requires only 50 employees. I am not sure of their number of employees though.
        s1artibartfast 2y ago
        Certainly less than 50 with revenue of 2m and expenses of 1m.
        uberman 2y ago
        A 501(c)3 requires at least 50 employees? That would surprise me if it was true.
giancarlostoro 2y ago
Also not considered in that amount is the fact that this person has to pay for benefits (healthcare and such) likely directly from this income. This is insanely low when you really think of that.
uberman 2y ago
They were based in Tennessee when she made $280k. When they were based in the bay area, she made just shy of $370k.
krageon 2y ago
This is an absolutely insane amount of money, and that's not changed if you choose to live somewhere where that amount is easy to spend. The answer to that is simple: live somewhere else. I struggle to think of a region on earth that wouldn't define 300k as an incredibly high salary.

Perhaps we should stop concentrating so many opportunities in areas with exhausted resources that are needed to host an economic sector.

asah 2y ago
Logic is backwards: most (not all!) high power candidates live in expensive dense cities to take advantage of easy access to other people, both for culture (e.g. art and live performances) and work (e.g. meetings, networking events, 1x1s, etc. Put another way, there aren't enough qualified candidates outside expensive cities and therefore the salaries typically tend to go up to cover those costs of living.
randomdata 2y ago
Buyers are free to choose to buy from the company in Poducksville instead, but I suspect that, in the typical case, they'll never learn about said company because it takes strong network effects to get things off the ground.
- lenerdenator 2y ago
  Every ecosystem - economic, ecological, or otherwise - has a carrying capacity. The SV/NorCal area is reaching that capacity. There are only so many dollars customers are willing to pay to get a quality product, service, or charitable act before the law of diminishing returns kicks in, and those dollars are what funds the compensation packages of both profits and non-profits. There is no infinite well of value (no matter what capitalism says), which means that there is a ceiling on things like salary and the things (namely residential real estate) that said salary can buy. If you pay a person $300k to do a job because that's what the local job market dictates in SV, are you really getting the surplus value to cover that salary? Can you keep charging customers that amount? Will you do increasingly alienating things that causes negative externalities (read: regulation) to be passed that impact your business model's ability to pay that much? You could very well be better off to hire someone at the $150k rate in a place like Kansas City or Minneapolis. Those aren't "Poducksville" but that's the competition the valley will begin to see.
johnnyanmac 2y ago
Sure, just ask the investors to move out of SF, Berkely, Stanford et al. to go south for the winter, and the trillion dollar tech barons to move HQ to the midwest. Do all that and it may start to dissolve a bit.

nytesky 2y ago

Doesn't CEO and non profit operate out of Nashville?

giancarlostoro 2y ago
Even so, I'm assuming this isn't like a normal job where you have benefits, if they're paying for all of that out of pocket, the salary makes perfect sense to me.
- hiatus 2y ago
  Why would you assume that? If you are company over a certain size (even a non-profit) you are obligated by federal law to offer health insurance.
  - giancarlostoro 2y ago
    Are they large? I've not heard of them. It has 130 thousand members, but that doesn't mean they're all employees?
    - hiatus 2y ago
      The law requires only 50 employees. I am not sure of their number of employees though.
      - s1artibartfast 2y ago
        Certainly less than 50 with revenue of 2m and expenses of 1m.
      - uberman 2y ago
        A 501(c)3 requires at least 50 employees? That would surprise me if it was true.

giancarlostoro 2y ago

Also not considered in that amount is the fact that this person has to pay for benefits (healthcare and such) likely directly from this income. This is insanely low when you really think of that.

uberman 2y ago

They were based in Tennessee when she made $280k. When they were based in the bay area, she made just shy of $370k.

krageon 2y ago

This is an absolutely insane amount of money, and that's not changed if you choose to live somewhere where that amount is easy to spend. The answer to that is simple: live somewhere else. I struggle to think of a region on earth that wouldn't define 300k as an incredibly high salary.