Debunking the myth of higher pay in Silicon Valley
medium.com
medium.com
And you can't just look at it from the perspective of money. I need to be in a city with things to do, preferably one that isn't practically uninhabitable 6 months of the year. You couldn't pay me to live in Kitchener-Waterloo.
It's more an inconvenience, not wanting to spend much time outside in the winter. I think everybody generally goes out less in the winter months -- it's a problem you don't generally have even in marginally warmer climates south of the border (or in, say, Vancouver)
We moved to Lake Tahoe recently and it's been really nice - remote working is the best of both worlds. If you're a good engineer and can deal with working remote - it can be a great decision. Regular trips back to Toronto for work are a bonus - I get to see my family regularly.
I'm sure Waterlooser has become cooler since I last visited 15 years ago, but I suspect it's still not really comparable to downtown Toronto for a young single person. Maybe better for a family. But that wasn't the salary/living situation being compared.
It isn't. If they want Silicon Valley they should be checking San Jose-Mountain View prices, not SF.
Checking recently it seems to be $1900 for an old 1-bedroom or $2400 for a "nice" one.
Culturally to these kids I have met in interviews and career fairs, there is absolutely no distinction. If you are in the tech industry and you live somewhere west of the Caldecott Tunnel, South of the Golden Gate Bridge, and north of, say, Morgan Hill, you are in "Silicon Valley". Just because the region was mapped differently in its Fairchild Semiconductor days, or I guess even the dotcom days, doesn't mean that the definition has not expanded since.
A lot of people that move out here want to live in the city and commute into their offices, and a lot of the new unicorns are SF-city-based. The cost of living in SF completely matters to many that think they can live there and work in the greater Peninsula.
No it isn't. That is true in San Francisco, but there's more to the Bay Area than SF.
Of course, by not living in SF, you'll have to commute there – if your job happens to be in SF; there's plenty of opportunity all over the Bay. Which is a pain regardless of transportation mode and should be factored in the quality of life comparison.
Just tell me how someone can afford a million dollar house in Toronto on a local tech salary?
Salaries in Kaohsiung are low, but the cost of living is much lower. Many young people move to Taipei to earn more, but end up saving less.
People who stay usually aren't here for the money. That reduces inequality, and I feel subjectively safer. YMMV.