Depends if the company is printing money or not

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Oct 14, 2021
8:18:52am

Heath Squashwell All-American

Depends if the company is printing money or not

Some tech companies are making insane money right now and will continue to even with these wage increases.

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Heath Squashwell

Previous username: Barrio Coug
Bio page: Heath Squashwell
Joined: Dec 31, 2015
Last login: May 4, 2024
Total posts: 11,595 (58 FO)

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Messages

Author

Time

Bay Area Wage Pressure in Tech

ReyOso

10/14/21 8:05am

Does your wife run a startup or is she at a large company?

WP17

10/14/21 8:09am

A very large company everyone here has heard of.

ReyOso

10/14/21 8:39am

Why wasn’t your wife/her company paying them what they’re worth all along?

Abe Froman

10/14/21 8:10am

Market rate increases for talent have escalated way quicker than most

10/14/21 8:14am

Yep, undisciplined leadership teams are going to kill their own companies (and others) by burning through their cash

Trent

10/14/21 8:22am

Nobody is going to acquire this company.

ReyOso

10/14/21 8:41am

How often does a company approach employees about a raise? This is a good thing

ballen

10/14/21 8:26am

We give our team annual raises as has every company I have worked for in my 25 year career and most companies that

Trent

10/14/21 8:34am

Most companies give basically an annual cost of living adjustment not a “raise”.

DiamondMo

10/14/21 8:52am

None that I’ve ever worked for. Not if they want to keep good employees. That said there are some static roles that only

Trent

10/14/21 8:58am

Normal raises are annual, but the have these periodic evaluations.

ReyOso

10/14/21 8:42am

Probably have been. Sometimes wages go up over time.

Benfica1

10/14/21 9:00am

Sheesh is nothing off limits? Female Santa Claus now?

blueaussie

10/14/21 8:14am

Not cool for customers though. Serious inflation as those costs are passed on to

10/14/21 8:15am

True

blueaussie

10/14/21 8:17am

Depends if the company is printing money or not

Heath Squashwell

10/14/21 8:18am

Yeah... but you still have to live in the Bay Area

letthewookieewin

10/14/21 8:33am

Right in San Francisco. It's great!

ReyOso

10/14/21 8:40am

I wish I had lived there for a year or to before I had kids. Such a beautiful

DC12

10/14/21 8:43am

You have to deal with some issues, that's for sure.

ReyOso

10/14/21 8:45am

A few years ago stayed a few nights in a cool victorian house near Dolores Park.

DC12

10/14/21 8:54am

Wow, sounds like a tight labor market is a good thing for most Americans

Food Snob

10/14/21 8:47am

RE: Wow, sounds like a tight labor market is a good thing for most Americans

No touching

10/14/21 8:50am

Agreed.

ReyOso

10/14/21 9:10am

It's good for those who own hard assets.

No touching

10/14/21 9:22am

... and leads to inflation (services/stuff). Thus, overall it is a wash.

Benfica1

10/14/21 9:51am

América was always a country of cheap land/resources and expensive labor.

ReyOso

10/14/21 9:55am

RE: América was always a country of cheap land/resources and expensive

Benfica1

10/14/21 10:11am

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