Shadow stats, in their 1980-based data set, claims that inflation has been at least 6% every year since 2000, which would imply a minimum price factor of 2.26. In other words, someone earning $60K in 2000 would need to earn $135K (at least!) in 2014 to maintain the same lifestyle.
If that doesn't strike you as utter crankery, you just can't be helped.
Yup, defense is where it is at. The SF Giants won two WS in 3 years by (accidentally, I think) putting together a team that was focused on pitching and defense while everyone else was focused on offense.
While offense is WAY more important, it is too well understood now to gain any advantage over other teams. In 2002, Billy Beane could flip a guy with a great swing or subjectively good defense for someone with better OPS+ and generate wins because everyone else valued the scout's opinions and not the numbers. In 2014, everyone values OPS+/PECOTA/Cairo over subjective opinion so the market has become almost completely efficient in that regard.
The 2010 and 2012 SF Giants had above average (but not spectacular, particularly in 2012) pitching and absolutely awful hitting but managed to win 2 championships when the current state of research says that they shouldn't. One, you could explain it away as a fluke. Two? Maybe there's something there and defense would seem to be where the current blindspot is and if someone can get ahead of the crowd in understanding it, they can get ahead of the crowd and intentionally put together a championship team in that way.
Well, except if you RTFA, it appears to have applied to executives and sales staff, not engineers. From the google document:
"3. Additionally, there are no restrictions at any level for engineering candidates."
"“For each of these ‘Restricted Hiring’ companies, Google has agreed to the following protocol.
1. Not to pursue manager level and above candidates for Product, Sales, or G&A roles — even if they have applied to Google;
2. However, there are no restrictions to our recruiting from these companies at individual contributor levels for PSG
3. Additionally, there are no restrictions at any level for engineering candidates."
Point 1 will probably get them in trouble, but point 3 makes it pretty clear that this did not apply to engineers.
Yup, same here (well, not Apple but a different company that was mentioned and have totally gotten cold-called by Google). Based on the documents in TFA, it appears that the agreements were mostly about cold-calling and didn't apply to engineering staff. This seems mostly to be about executive staff and salesforce.
Now, excuse me while I play the world's tiniest violin for those executives at major tech companies that had their salaries suppressed.
Well, ok, that may fly in other places, I guess, but in Silicon Valley anything fancier than business casual is not going to work in your favor during an interview. Hell, when you interview at Apple they explicitly tell you not to wear a suit.
Look nice and all, but dress appropriately for where you are interviewing. Maybe "dress like the company's CEO" is better advice, so put that hoodie on when you interview at Facebook.
Does ASIC design count as engineering in your book? If so, what's the difference between writing RTL code and writing C code?
making $100,000/year and having $60,000 or $70,000 of that amount after taxes going to rent
That's way too high of a rent estimate. Even in San Francisco, you can get a decent place for 1 person for $3000/month.
Generally speaking, if you put a premium on having a big house and lots of land, Silicon Valley is probably not for you as the difference in pay will not make up for the absurd cost of housing. If you're willing to compromise on housing, the higher pay is more than worth it in terms of the stuff and experiences you can afford. Compared to most places, housing is a lot more expensive, and restaurants/bars are moderately more expensive but groceries are cheaper (high-quality produce, in particular) and most non-perishable goods (cars, anything you can buy on Amazon) are the same price as everywhere else.
Why on earth would anyone want to put their life on hold until they are 30 for med school and residency if the end game is only $80-100K?
I would add that those numbers are from glassdoor.com, whose userbase almost certainly skews young
That's a really low number. $120K (base) is in the neighborhood of what most tier 1 tech companies pay good engineers with about 5-8 years experience. Add in stock/bonus/fringe, and total compensation is usually somewhat higher than that.
The eventual top-out for most folks is likely much closer to $220K (total compensation) than it is to $120K. Outside of silicon valley, YMMV, though.
Presumably, that's a base salary. Most sales positions have low-ish base salaries and sky-is-the-limit commission polciies. If you're really, really good at sales, you can make a boatload; if you can't hit your quota, though, it can really suck.
MV = PY
M = money supply
V = velocity of money relative to the money supply
P = general price level
Y = quantity of goods produced
(both sides of the equation are equal to nominal GDP)
M can increase without increasing P so long as either Y increases or V decreases (or some combination thereof)
What rapid devaluation? The one happening inside your head?
Here in the real world, inflation has been less than 2.5% annually since 2008, lower than in any similar period in at least 50 years.