Re:Tesla’s headquarters will move to Austin
by yurishimo on Friday October 08, 2021 @12:46AM
(#28795837)
Sorta. From my anecdotal evidence up the road in Dallas, software engineers still make comfortable salaries, but more in the $120k~ range. Nobody I know up here makes $200k+.
One thing to consider though, is that the companies available to work for outside Austin, probably aren't supplementing salaries with generous stock compensation packages. If more startups move to Texas, that could change too.
With two working adults in the house, 120k/ea is a very comfortable living.
Re:Tesla’s headquarters will move to Austin
by lotsofpulp on Friday October 08, 2021 @04:56AM
(#28797123)
No. Supply and demand curves for the specific labor in question determines salaries. WA state has a very low W-2 income tax, in the 1% or less range, and has very high incomes due to the type of labor being sold there.
A lower income tax may cause more people to live somewhere and/or more people to be willing to work for less, but it still comes down to whether or not the supply of labor willing to work at a lower price exists.
I do wonder how much this affects salaries, though. Do employers in states with lower or no income taxes tend to pay worse for the same job than employers in states with higher income taxes?