15% increase YoY in the tech sector? LOL no.

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Oct 15, 2021
8:23:03am

OnEMoReTrY Redshirt Freshman

15% increase YoY in the tech sector? LOL no.

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OnEMoReTrY

Bio page: OnEMoReTrY
Joined: Jan 16, 2013
Last login: May 17, 2024
Total posts: 939 (0 FO)

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Messages

Author

Time

Has compensation improved much to match crazy house prices?

greatbam

10/15/21 8:16am

Not even close.

S-rizzle

10/15/21 8:20am

Utah is still 30% or more cheaper in housing than California. That said, Utah had a YoY increase in wages

CSoul

10/15/21 8:21am

15% increase YoY in the tech sector? LOL no.

OnEMoReTrY

10/15/21 8:23am

You can go ahead and laugh, I don't really care. I actually know.

CSoul

10/15/21 8:24am

I just got a 30% bump in tech. Same job.

dwhitebud

10/15/21 8:38am

Definitely true

molodyets

10/15/21 8:56am

LOL you must really be cranking out the research to be so confident on that one

Epileptic Beagle

10/15/21 9:15am

I got wage increase of 20 percent joining the tech sector.

JohnnyC

10/15/21 8:26am

Not close. Last year I looked into a job at a newly listed public tech company in Utah - would be a 65%+ pay cut.

slappy

10/15/21 8:23am

TNT was talking to someone in health care who said their salary was half in Utah what it was in California

TNT

10/15/21 8:24am

What position? I'll gladly share with you most jobs being posted in California and Utah

CSoul

10/15/21 8:26am

Tech trans attorney. My current company has me with golden handcuffs, and I'd take a paycut going pretty much

slappy

10/15/21 8:30am

Attorneys and dentists have in general got paid crap in Utah because there are too many of you

CSoul

10/15/21 8:32am

Depends. I've been on my fair share of "interviews" over the past 18 months

RockyBalboa

10/15/21 8:48am

I always hear this on here but then they say they are getting offers from New York or California

CSoul

10/15/21 8:51am

I've gotten remote offers from companies in Cali, Washington, TX and MN

RockyBalboa

10/15/21 9:17am

So other than Minnesota the areas I mentioned? Remote first work has definitely changed the game.

CSoul

10/15/21 9:46am

Ummm not even close to Calif prices.

byu1

10/15/21 8:30am

Started a new job in January, asked my boss if they do annual raises

10/15/21 8:32am

I got 2.3% this year

bluelands

10/15/21 8:41am

Ironically in a lot of markets, yes. Utah, no.

rad dawg

10/15/21 8:32am

That's just not true. Would like to see where you are even getting that from.

CSoul

10/15/21 8:37am

You are looking at average personal income. I am looking at median household.

rad dawg

10/15/21 8:47am

Again, show me where you are seeing that data. Before 2020 Utah was increasing, it decreased in 2020

CSoul

10/15/21 8:49am

A lot if it is estimates right now admittedly for 2021

rad dawg

10/15/21 8:57am

You said it was decreasing and then linked a current state median income. Those aren't the same.

CSoul

10/15/21 9:13am

I dont disagree that it was rising until 2020.

rad dawg

10/15/21 9:31am

My guess is certain government payments are being counted. And for your argument household median

CSoul

10/15/21 9:45am

Median salaries is not what underwriters use and is less relevant.

rad dawg

10/15/21 9:56am

The OP was talking about compensation, so the entire premise was on salaries. "Has compensation improved"

CSoul

10/15/21 10:05am

"compensation to match crazy home prices"

rad dawg

10/15/21 10:14am

Inflation is outpacing compensation increases. Checks grew by 4%...

jrifkin48

10/15/21 8:35am

I wonder if there are significantly more dual incomes recently driving up costs

Rhubarb

10/15/21 8:36am

Not near close in proportion to the cost of living increase

RockyBalboa

10/15/21 8:38am

As a federal worker, after inflation and the annual COLA increase, I will make

panacablue

10/15/21 8:41am

A consumer of our taxes. Best wishes p

Bullrider

10/15/21 9:25am

We've looked at moving back to Utah. No chance. Nurse salaries are a joke.

Ironhide

10/15/21 8:49am

Businesses have shifted from the norm of granting an average of 3% cost of living increases to now around 1.5%.

Pimpin4Paradise

10/15/21 8:49am

I think the hope is that home prices get crushed at some point. Wage inflation

grosven

10/15/21 9:00am

Looking at house prices alone, no. Looking at cost of home ownership - better but still no.

molodyets

10/15/21 9:50am

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