Re:Talent May Be Shifting Away from Superstar Cities: Study
by privateSFacct on Wednesday November 20, 2019 @03:20AM
(#21582060)
Exactly this.
LOTS of grads do not make it to the $500K land. The FAANG companies have also been around a bit, so now google / facebook etc just have a fair number of more senior folks who are making good money. So pay is out of control but these companies make so much gross revenue (check out apple / google financials) that they can afford it.
Totally annoying if you are not in tech! And sometime you are like, do you really need to be spending x billion on comp to run y website?
LOTS of grads do not make it to the $500K land. The FAANG companies have also been around a bit, so now google / facebook etc just have a fair number of more senior folks who are making good money. So pay is out of control but these companies make so much gross revenue (check out apple / google financials) that they can afford it.
Totally annoying if you are not in tech! And sometime you are like, do you really need to be spending x billion on comp to run y website?