An under remarked-upon trend: SFBA/NYC engineering wages are starting to drive engineering wages in the rest of the US as these companies open other US hubs and print remote offers, in both cases keeping salaries in relatively tight bands for e.g. internal fairness reasons.
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"Are there enough engineers from SFBA companies for this to matter nationally?" There are approximately 3 million software engineers in the US and approximately, finger to wind, 300k work for AppAmaGooBookSoft alone, and that number increases by 50k per year.
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The modal software engineer in the US is still working for a digital marketing agency or midwestern insurance company but capitalism is starting to say "Look if you can paint pixels on a web application and you presently work in a cost center, that's unacceptably inefficient."
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I’m seeing similar things in the UK with London companies. Know a lot of people working remote for 2-3x the salary paid by local digital agencies and IT teams.
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But the big tech companies do exactly this, no? At least Google did when I worked there
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Seeing some of this in Columbus, GA MSA. Companies getting tired of losing great engineers to ACME Startup Co. are increasing salaries and making pay band adjustments every few years.
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The rapid increase in salary can kill older companies They can't afford to double EVERYONE's salary, they can't find new grads who will work for less than their current cohort of managers -> they can't hire qualified people and the company dies
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