Edit: Wrong word used
Edit: Wrong word used
If I leave Silicon Valley to settle down in rural Vietnam, I'm not going to work for $50k a year. If I couldn't find something paying at least $150k+, I'd start my own company and live off my savings until I get it up and running.
There's a real market-based reason engineers get paid as much as they do. It's easy to lose sight of that here on HackerNews, but just look at what your white collar, non-tech friends do at work all day. Their productivity can often be easily doubled or tripled by better tech. That is to say, someone generating $30k in value per year for your business could suddenly generate an extra $30-$60k a year with better software to help them.
2) Some 5-star engineers in the bay area are willing to take a pay cut to work from low-cost areas
3) I agree there are market-based reasons, but there are also geographic considerations as well as WFO momentum - why fix what ain't broken? Companies were not interested in experimenting/implementing remote work because it costs money and had unclear benefit. Their hand has been forced and they had to tackle remote work
Also, a genuine question
Are Amazon, Twitter, Google, Facebook really doing any very technically amazing things?
mostly they are building platforms to collect more and more data and spy more and more
that's hardly cutting edge stuff that needs the world's best engineers
perhaps Facebook is beginning to realize this
10 years later, I was burned out from working at my crappy FAANG job building platforms to spy on people, so I went into consulting on my own. Sure enough, it was a really similar situation.. I don't want to break any NDAs or sound like a jerk, but I was rolling in and doing things in hours that teams of my clients' best engineers had been failing at for months at a time.
You could grab just about any mediocre nobody from a FAANG company and drop them into any tech company somewhere else that normally pays sub-six figures, and they'd be the top performer there. I think it's something that can be taught, and maybe we'll have a tech renaissance now where everyone goes back to their comfortable hometowns, but there's a very real skill differential between the big tech hub cities and the rest of the planet. (And yes, I'm including other countries where even super hard-working geniuses make $35k a year or less.. because a lot of those geniuses eventually tend to either make their way to the USA, or start their own successful companies. If I found out I could eventually make $3.5 million/year by learning Chinese and working my way over there, you'd better believe I'd get it done)
However, it's also the case that the free market seems to now be only in play when it comes to reducing wages, off shoring, and other cost cutting.
The free market isn't at play when it's time for bailouts, subsidies, and government contracts.
Rugged individualism for all, except the wealthy elite.
I'm not sure the person who you replied to has a frustrated / discouraged tone, but that's what I read it as. I share the sentiment and the above is why.
This is a direct consequence of considering money to be free speech: those who have more of it have louder voices, and this matters a lot when it comes to elections, and when it's time for politicians to pay back their debts to the donors.