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~8 hours and 15 minutes of work, 5 days a week.

~$50k a year.

Where I live, that'd be similar to getting paid ~$75 to 80k a year in the Bay Area.

In the bay area that is considered pretty low unless it's a startup with significant equity.

It is hard to agree with you. 85K is actually a lot in my co-ordinates of the bay area [0].

On the contrary, that's right in line with what I've seen as entry level salaries for college grads (not Stanford grads) in the Bay Area.