Why are salaries in the SF Bay Area so ridiculously high?

Im hearing that the lower band to average devs make around 200k or so (in their 20s') HR roasties pull about 130k and even the fricking receptionists get paid 95k.

Meanwhile im in Phoenix making 110k as a computer vision engineer.

What the actual frick is going on? I thought silicon valley was a meme full of homeless druggies and streetshitters.

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  1. 1 month ago
    Anonymous

    oh I know this one, I know. Because the cost of living is so high, duh. Were you just born or something?

  2. 1 month ago
    Anonymous

    California has around 50% short term capital gains taxes if you include state and federal. Also the techie wage bubble won’t last forever. In a costal city 150k is just above poverty level

    • 1 month ago
      Anonymous

      people who stay have stolkholm syndrome...people that are smart enough to do the math too

  3. 1 month ago
    Anonymous

    SF caught in a wage-price spiral because they won't fricking build any new houses

  4. 1 month ago
    Anonymous

    they're paid extra to ignore the destruction of society their line of work is causing (and that's a good thing)

  5. 1 month ago
    Anonymous

    That how much they have to pay people not to flee that shithole city full of homosexuals and druggie criminals

  6. 1 month ago
    Anonymous

    high taxes and fees, expensive real estate - which causes expensive food/services.
    SF is not even that bad compared to the affluent suburban parts of the south bay area. A middleclass fixer upper can easily be near 2 million and a small home in an exclusive community 3 to 4 million. Now imagine the property taxes or god forbid a mortgage on something like that.

    • 1 month ago
      Anonymous

      >imagine the property taxes
      i cant wait for prop 13 to get repealled...the ree will be heard around the world

  7. 1 month ago
    Anonymous

    Because it's $2650/mo for a 1 bedroom to live in a congested urban area full of spics, asiatics, pajeets, and liberals all living on top of each other. Utilities are stupidly expensive when you need them - PG&E charges fricking 0.42/kWh for electric.... 3-4x what other cities charge. Gasoline prices are 50% more.

    There is never a time of day where there isn't traffic, people will smash car windows to steal literally anything to the point that the cops tell you "just leave the windows down at this point", homeless are fricking everywhere, if you try using public transit then you walk through junkies from the parking garage to the train platform.

    The region is also stupidly liberal. There are zero Republican precincts in SF, San Mateo, Santa Clara, Alameda, Marin, Sonoma, Napa, or Contra Costa county. The closest suburb with any red-voting neighborhood is the north side of Vacaville. When the entire state voted to cut gibs to Illegals (even LA), the Bay said "No please give our money to the foreign invaders"

    Businesses are leaving due to crime. Sports teams are leaving because of a myriad of reasons. Golf courses are becoming homes. Hillsides are being graded out for homes. Bowling alleys are being demolished for apartments. Malls are being demolished for apartments. Schools are closing down because no one is having kids. Restaurants are closing because people can work elsewhere for more. Horse racing track shut down.

    No one in the region gives a frick about anyone other than themselves. They're only there to milk the tech bubble.

    • 1 month ago
      Anonymous

      What about San Jose, Palo Alto, Cupertino, etc. are they just as bad as SF in regards to homelessness and crime?

      • 1 month ago
        Anonymous

        No, they're just stupid expensive

        2 million for a house in Cupertino, 2.5 million in Palo Alto

        Cupertino isn't even America

  8. 1 month ago
    Anonymous

    kek im in phoenix and sometimes have to use a wrench at work and make the same money...the code meme is really dead

  9. 1 month ago
    Anonymous

    cost of living.
    if you don't live in a high cost of living area, you are getting poorer every day than those who do live in a high cost of living, just because of the fact that they make more than you do, and can own property and deduct it from their taxes at might higher rates.
    Basically, high cost of living areas are how the rich get richer. the poor who are forced to rent in high cost areas are fricked. they should unionize and/or riot.

    • 1 month ago
      Anonymous

      Where's his boobs go?

    • 1 month ago
      Anonymous

      >deduct from taxes
      This changed in 2017 you stupid ancient boomer moron

      • 1 month ago
        Anonymous

        you can deduct your interest payments from your income. this has never changed.
        https://www.irs.gov/publications/p936
        >Home mortgage interest. You can deduct home mortgage interest on the first $750,000 ($375,000 if married filing separately) of indebtedness. However, higher limitations ($1 million ($500,000 if married filing separately)) apply if you are deducting mortgage interest from indebtedness incurred before December 16, 2017.

        • 1 month ago
          Anonymous

          holy shit that knifework is atrocious

      • 1 month ago
        Anonymous

        you can deduct your interest payments from your income. this has never changed.
        https://www.irs.gov/publications/p936
        >Home mortgage interest. You can deduct home mortgage interest on the first $750,000 ($375,000 if married filing separately) of indebtedness. However, higher limitations ($1 million ($500,000 if married filing separately)) apply if you are deducting mortgage interest from indebtedness incurred before December 16, 2017.

        Was this the thing they were reeeeeing about when Trump changed it?

  10. 1 month ago
    Anonymous

    Everyone ITT has got it backwards. The cost of living is high because of moronicly high tech compensation, and the reason for that is over half of said compensation is tech stock, not cash. Big tech companies like Google, Meta, Amazon, Netflix, Microsoft, etc. just mint new shares to give to their wagies and the wagies dump on boomers in the stock market once it vests. Big tech is literally a ponzi fueled by misallocated boomer investment capital.
    t. I live there and I dump my stocks on baggies

  11. 1 month ago
    Anonymous

    My brother is fresh out of college, got a gig at FANG and is making $250k his first year. I've been working at FANG for nearly a decade and clear 500k easy.

    • 1 month ago
      Anonymous

      Did you both go to T20s?

      • 1 month ago
        Anonymous

        Definitely plus he invested in bitcoin early and is a kajillionaire.

      • 1 month ago
        Anonymous

        No, mid tier UCs

    • 1 month ago
      Anonymous
  12. 1 month ago
    Anonymous

    >Why are salaries in the SF Bay Area so ridiculously high?
    I wouldn't work there for 750k a year.
    imagine the fricking smell

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