[HN Gopher] Tech Salaries Fall in Bay Area, New York City, Rise ...
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       Tech Salaries Fall in Bay Area, New York City, Rise in Austin, San
       Diego
        
       Author : aarghh
       Score  : 41 points
       Date   : 2021-10-20 22:03 UTC (56 minutes ago)
        
 (HTM) web link (www.bloomberg.com)
 (TXT) w3m dump (www.bloomberg.com)
        
       | kevinsundar wrote:
       | As a tech worker in San Diego, life's good. I can see why
       | salaries are increasing here. Lots of large companies (like Apple
       | and Amazon) are opening up offices. Come join us.
       | 
       | https://www.amazon.jobs/en/search?base_query=&city=San%20Die...
        
       | bpodgursky wrote:
       | Presumably Simpson's paradox right? Since salaries are actually
       | up everywhere. The composition is just shifting away from the
       | superstars.
       | 
       | Top talent has freedom and flexibility b/c they can land a remote
       | gig anywhere. Leave for better housing, lower taxes, etc. Bottom
       | talent is stuck in low-productivity old-school employers in the
       | Bay, many probably locked into an office.
        
         | nostrademons wrote:
         | Potentially, but not necessarily supported by the article.
         | 
         | Simpson's paradox requires that you be looking at averages. An
         | example would be if you compared average salaries of SF vs.
         | Austin, and both tech and non-tech salaries were rising in both
         | places, but tech workers were moving from SF to Austin so the
         | average includes relatively fewer tech workers in SF and
         | relatively more in Austin. The article is comparing
         | specifically _tech_ salaries, so it 's free from this sort of
         | bias.
         | 
         | It could have a similar bias by virtue of all being collected
         | from Hired, though. Top tech companies do not use Hired. Hot
         | startups generally do not use Hired. Mid- and low-tier tech
         | companies that want to outsource their interview processes use
         | Hired. If these are also primarily the companies that are going
         | remote-first or moving their engineers to Austin or SD, you
         | would expect to see tech salaries rise in those locations and
         | fall in HCOL regions like the Bay Area. It's a real effect, but
         | not necessarily reflective of _the whole_ industry, which
         | includes a number of large and very high-paying employees that
         | aren 't in the dataset because they don't use Hired.
        
         | nutshell89 wrote:
         | Hired also mentions:
         | 
         | > Exceptions included San Francisco and New York City from 2020
         | to 2021 due to increased demand for junior talent.
         | 
         | so maybe junior talent is replacing the more senior level
         | talent in SF / NY and depressing wages.
         | 
         | https://hired.com/blog/highlights/state-of-tech-salaries-in-...
        
       | wittycardio wrote:
       | This data comes from hired, so I don't think it includes the
       | higher end of the market like big N etc. Anecdotally I think the
       | higher end of the market has gone up even more in the bay area
       | and new york
        
         | throwaway202110 wrote:
         | Also anecdotally, I recently posted my resume on Hired and
         | found that they had increased the duration of the "window"
         | where they promoted your resume from 3 weeks (2 years ago) to
         | 10 weeks. I also received interview requests at a far slower
         | rate. This leads me to believe that usage by employers has gone
         | down significantly on their platform, and consequently they may
         | be getting fewer candidates as well. I'm not sure if they use
         | their user base as the sample for their surveys, but if so, I
         | wouldn't be shocked to discover that their data is lower-
         | quality than it used to be
        
       | wolverine876 wrote:
       | Interesting, if supply shifts to to the latter. It might also be
       | due to increased cost of living.
        
       | paulpauper wrote:
       | _San Francisco still offers the highest average pay for tech
       | workers in the country, but the rate has slipped 0.3% from last
       | year to an annual salary of $165,000, according to a report from
       | Hired, a marketplace for tech jobs. In the U.S._
       | 
       | wow major crash. TBH seems like just noise.
        
       | tims33 wrote:
       | Is -.3% over one year considered statistically significant to
       | draw the conclusion that salaries are falling?
        
       | acchow wrote:
       | Anecdotally, I see many people in SF switching jobs because
       | compensation has gone way up.
        
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       (page generated 2021-10-20 23:00 UTC)