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Also because there are fewer choices in NYC than engineers have in the SF Bay Area.
by encoderer 12y ago
Also because there are fewer choices in NYC than engineers have in the SF Bay Area.
- vasilipupkin 12y agoMy guess is high frequency trading jobs in California pay more than startup jobs in California also if engineers had fewer choices, wages would be lower, wouldn't they ?
- encoderer 12y agoOf course, pay isn't the only motivation behind a career choice. Many engineers take jobs in less lucrative verticals like game development because the work interests them. That said, if you're an experienced engineer and you told me you wanted to make $200k next year, if you're in NYC I would say "go into finance" which is far more limited than the advice I would give in SFBA which is "go work for just about any publicly traded tech company, or slightly more risky go work for a tech company that seems to have an imminent IPO, or more risky still go work for a well-funded private marquee tech company (many of these companies would overlap with the 2nd group). In the end, it's a much bigger pond. Look, I'm not saying NYC is void of these types of opportunities. I've got friends who work in the city for Tumblr and Spotify among others. I'm just saying, it's about density. You could take the skyline of SF and put it in a few blocks of lower manhattan. And you could take the tech population of NYC and put it in a "few blocks" of SF. All that said, the relation to wages is more complicated than you suggest. Less variety doesn't speak to the balance between labor talent and demand.
- vasilipupkin 12y agoLess variety should put downward pressure on wages, all things being equal, not upward pressure All I am saying is, software development wages are too low, especially relative to the demands of the job - that's why there is a perceived shortage. Raise the wages and smart people from other fields will teach themselves to code and join the fray
- kasey_junk 12y agoCitation needed for this. The New York metro area has more than 2x the population of the Bay Area and an extremely diverse economic base. That makes claims about availability of choice being limited in NYC in comparison to SF pretty hard to believe.
- encoderer 12y agoThe population of the metro area has nothing to do with it, it's about concentration of the industry. Acting is similar. There are more acting jobs in Hollywood than NYC. I've seen many studies of tech hiring/jobs across the country. I'm sure you can find any research you're looking for.
- kasey_junk 12y agoThe OES does not agree (neither does dice.com's numbers fwiw): http://www.bls.gov/oes/current/oes_41860.htm#15-0000 http://www.bls.gov/oes/current/oes_41860.htm#15-0000 http://www.bls.gov/oes/current/oes_35620.htm#15-0000 http://www.bls.gov/oes/current/oes_35620.htm#15-0000
- encoderer 12y agoYou're missing 1/2. You have to also add San Jose-Sunnyvale-Cupertino, etc. Edit: Also, counting the total headcount of ppl writing code in the area is not a measure of how many choices you have in the job market.
- kasey_junk 12y agoFor completeness: http://www.bls.gov/oes/current/oes_41940.htm#15-0000 http://www.bls.gov/oes/current/oes_41940.htm#15-0000 Still doesn't get you into more choice than NYC. If you don't want to use head count (and I agree there is nuance), what do you want to use? Thus my citation needed request.
- encoderer 12y ago