Wouldn't that only make sense for startups which are more volatile? It seems like the big, established companies pay more as well as offering stock options and signing bonuses.
Although the VC aspect is probably a large factor, I think it might also be that so many influential tech companies are headquartered in Silicon Valley, causing heavy competition in the market rate for devs which spreads outwards and affects the whole country (ie salaries in Idaho for devs have to be high enough to prevent everyone leaving to get jobs in Silicon Valley or wherever else pays a lot).
One of the most salient features of our Tech Hiring culture is that there is so much bullshit. Everyone knows this. Each of us contributes his share. But we tend to take the situation for granted.
On your last point, from what I have read salaries in the Silicon Valley are actually often lower than in the rest of the USA once you look at the cost of living. For all its innovation, the Bay Area has not figured out yet how to build more housing.
Wouldn't that only make sense for startups which are more volatile? It seems like the big, established companies pay more as well as offering stock options and signing bonuses.
Although the VC aspect is probably a large factor, I think it might also be that so many influential tech companies are headquartered in Silicon Valley, causing heavy competition in the market rate for devs which spreads outwards and affects the whole country (ie salaries in Idaho for devs have to be high enough to prevent everyone leaving to get jobs in Silicon Valley or wherever else pays a lot).
Yes, that's also true.
On your last point, from what I have read salaries in the Silicon Valley are actually often lower than in the rest of the USA once you look at the cost of living. For all its innovation, the Bay Area has not figured out yet how to build more housing.
Wow, I heard it was expensive there but didn't realise how much!