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by thomaswang
2488 days ago
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In my experience. The brain mostly follow the money and that inflates the salary for everyone in that area. The very talented individuals who stay "home" get pretty much the same pay the individual Whould in an inflated area, but the individuals peers don't. I think the inflation which happens in pretty much every large city with a thriving tech/startup environment, is largely due to the fact that lage groups of highly skilled and talented people gather and then that super salary becomes "normal" and then the rest wants an even salary. Lowering the tops pay is a no go as that salary they can get literally in any geographic location. Then the only thing left is base pay has to go up. Just my guess. |
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Depends on where the home is. Short of starting your own company in your hometown, in a lot of places there just aren't comparable jobs.
Also even if you are working somewhere with an inflated cost of living, the key thing is that you can save a lot more money in absolute terms, and then later in life you can move back to a lower COL area. Your crappy $1.2m house in the Peninsula can be traded for a mansion in other parts of the country, and if you are putting ~30% of your inflated salary in stocks vs. 30% of your non-inflated salary, you will have a lot more stocks when you leave the inflated area.