| Something I want HN's thoughts on: Does a 7% pay gap matter more or less between low incomes and high incomes? I'm looking at the bar chart with median annual earnings and a earnings gap percentage. The first gap is 7% (misleadingly labeled as 93%...), which does seem somewhat high. But then it's for $33,598 vs $31,288. A difference of $2310, an amount that your average Bay Area FAANG SWE earns in two workdays or less (when counting amortized RSU vesting and bonuses). You could argue that every single dollar matters for someone in that bracket. But what about when the 7% difference hits someone who is making over $500k a year in the Bay Area? Then it's a $40,000 swing. Most of that will get eaten up by taxes anyways. Which one is worse? I would say the $2310 difference, since the $40,000 is really closer to $20,000 after taxes, and having $220,000 a year after taxes vs. $200,000 doesn't make a huge difference when you're competing for homes that cost $2 million dollars or more. It would sound way worse with the title "x outearn y by $40,000 a year in the Bay Area", but only to people who don't realize how bonkers the financial scales are here in comparison to developing parts of the country. |