Silicon Valley pay is outrageous and out of whack with the societal value it adds, but that’s no reason for individual workers to leave anything on the tablehttps://twitter.com/jonnyburch/status/1228581492797984768 …
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That’s the big driver. $300k liquid comp might be compelling when you’re single or without kids, but it takes more if you have a full family to support. My wife works and we have 2 young daughters with some heavy childcare costs ($2,200 a month, with oldest in public school).
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I think this is also why turnover is so high at SF area tech companies. It always makes sense to vest your four years, then move on in search of the next comp/equity rung up on the Bay Area ladder. Unless you’ve made it to a great level/title/comp, or are independently wealthy.
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