[HN Gopher] Tech Salaries Fall in Bay Area, New York City, Rise ... ___________________________________________________________________ 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. ___________________________________________________________________ (page generated 2021-10-20 23:00 UTC)