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patio11's profile
Patrick McKenzie
Patrick McKenzie
Patrick McKenzie
@patio11

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Patrick McKenzie

@patio11

I work for the Internet, at @stripe, mostly on accelerating startups. Opinions here are my own.

東京都 Tokyo
kalzumeus.com
Joined February 2009

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    Patrick McKenzie‏ @patio11 May 14
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    I think people overestimate the degree of salary differential between tech employees in the same nation but different offices/working remotely/etc. There are strong process/internal fairness/social reasons to not adjust as aggressively as a cost of living calculator suggests.

    5:55 PM - 14 May 2020
    • 13 Retweets
    • 190 Likes
    • Samuel Tschiedel David Moore Kelly Moriarty Leonardy Kristianto Nick Baum 🇸🇪 Stefan RuijsenÆrs Vivek Ghaisas Austin Wilshire Joe The Rigolo
    11 replies 13 retweets 190 likes
      1. New conversation
      2. Patrick McKenzie‏ @patio11 May 14
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        An ambient belief I’ve had for a while is that tech will likely standardize on a salary band for “costliest cities in the world” and another band for “everyone else.” I think many observers will be surprised where EE ends up, and surprised by how close it ends to top anchor.

        8 replies 0 retweets 68 likes
        Show this thread
      3. Patrick McKenzie‏ @patio11 May 14
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        This implies, by the way, that one of the economic implications of an explosion of remote work adoption is that “old economy” firms employing engineers in e.g. Chicago or St. Louis are going to start finding themselves in shootouts with AppAmaGooBookSoft or startups.

        2 replies 4 retweets 75 likes
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      4. Patrick McKenzie‏ @patio11 May 14
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        Note that if your engineering salary ladder tops out at $80k you will not necessarily find “Umm our tech lead just got a counteroffer from Google” to be a happy experience.

        2 replies 6 retweets 141 likes
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      5. Patrick McKenzie‏ @patio11 May 14
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        “How do you feel about that?” I’m a capitalist. If a firm doesn’t metabolize engineering brainsweat as efficiently as the best software firms in world I recommend changing that, opening the hiring window, building a better career ladder than competitors have, or doing without.

        6 replies 3 retweets 122 likes
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      6. End of conversation
      1.  🚲 🚎 🥑‏ @crzwdjk May 14
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        Replying to @patio11

        Common lifehack is to get hired in the Bay Area, then move to Texas but demand to keep the same salary.

        0 replies 1 retweet 35 likes
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      1. New conversation
      2. Laurent Parenteau‏ @laurent_parente May 14
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        Replying to @patio11

        A funny observation is that everyone think that pricing a product as high as you can get away with is fair (ie. value you create, not cost) but same people consider that fair salary should be tied to cost of living (ie. cost, not value you create). I love doublethink 😘.

        1 reply 3 retweets 26 likes
      3. Dare Obasanjo‏ @Carnage4Life May 23
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        Replying to @laurent_parente @patio11

        It's a market. Employees can decide they want to live in San Francisco, pay state income tax and live in a million dollar shack or take a pay cut and live in a more affordable city and have several thousand dollars more in their bank account. I know which I've chosen.

        1 reply 0 retweets 0 likes
      4. 1 more reply
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      2. alth0u  😷 🏠‏ @alth0u May 14
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        Replying to @patio11

        i have similar suspicions but do you have more data points?

        1 reply 0 retweets 3 likes
      3. Konstantin Gizdarski‏ @kosigz May 14
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        Replying to @alth0u @patio11

        Anecdotally, 2/3 last tech companies where I’ve worked pay the same in all their major US engineering offices.

        0 replies 0 retweets 11 likes
      4. End of conversation
      1. New conversation
      2. Arkadiy Kukarkin‏ @parkan May 14
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        Replying to @patio11

        none of the remote jobs I've had have used a cost of living factor in their salary function

        1 reply 0 retweets 5 likes
      3. sbourke‏ @sbourke May 15
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        Replying to @parkan @patio11

        Gitlab have it explicitly built in, zapier pegged it to Austin

        0 replies 0 retweets 2 likes
      4. End of conversation

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