Which part saustin? Didn't know which one you meant.
The first part or the last part? If you meant the first it's in the article (essentially). I also worked with a few, one of whom had a wife that was not even just a general practice doc but she was a cardiac surgeon and he made more than her. I didn't.... haha
If you meant the latter part though I eluded that it was an educated guess, sure, but based on my career, coworkers, friends and so on that's roughly where I'd peg it (roughly).
I'll admit the latter statement (if it's what you meant?) is not heavily researched and is based on my own personal anecdotal data, with some additional knowledge from Glassdoor reports, and, again, friends, but I'm sure I could find something and give you some links. If you're curious. I'm assuming this was a genuine question? Just lemme know and I'll get some data. Have a great Sun evening my man!
-MG
Like MG, I too would like to know what scares quzi about the report. This phenomenon has been going on for years, and barring an economic downturn, will most likely continue. Hell, even when (not if) we have that downturn, it probably won’t affect Austin as much as other cities. Look at what happened back during the high tech debacle of 2000-2001. Austin was hurt in the short run, but rebounded nicely. Of course high tech growth will cause the cost of living to increase in Austin compared to other cities, but I don’t see it surpassing the cost of most coastal cities.
We live in an increasingly technological world. The demand for high tech talent far exceeds the supply, and thus the increases in compensation. But that’s not to say that the nontechnical among us will necessarily suffer. All industries and their employees demand certain basic services (including female companionship...hint hint). We can all benefit, except perhaps those whose jobs have been displaced by technology.
My primary concern about Austin’s growth is the inability of its leaders to build the infrastructure necessary to sustain the growth. That’s been the case in our fair city for generations. It’s getting worse.
Last edited by Lovinglifeinaustin; 08-18-2019 at 08:41 PM.
James
Loving life in Austin
While the sample was limited, it looks like the flow of tech workers from the Bay Area to Austin (vs other locations in the study) seems to be a no brainer. That much free cash means rate inflation around Austin might stick, a scary thought for someone that likes value for time spent.
I see what you were getting at now. No question the overwhelming majority of migration is Bay Area tech. I'm unclear on if you meant free cash simply b/c of the extremely high salary rates among all professional level tech workers nationwide, let alone the Bay Area (which is *cuh-razy* high lol ), or if you meant the free cash available b/c of the equity they pulled out of their home? That's the biggest reason why Bay Area to Austin is a no-brainer. Austin is second only to SF/Bay with 6000+ registered "tech companies" per Austin Chamber of Commerce but our cost of living is insanely good compared to northern Cali.
I wouldn't worry about it quzi. The subset of people in the hobby is simply far too small, even the industry as a whole, to have any real effect. Nah. No biggie.
-MG
I have not read any of the comments. I purely read the title of this thread and I say bravo to the ladies. I feel what they provide for us is priceless. I never haggle on what is asked, and if I feel they are under charging I add. Fair is fair. So charge what you feel your worth and let the market respond. We are here for a reason and you provide us a solution to that. I know I will probably catch some flack for this, but lets face it we have been spoiled in Austin.
To those who think we are spoiled in Austin, I’m guessing you’ve never hobbied in any of the other major Texas cities: Houston, Dallas, even San Antonio, beat the shit out of Austin on all the hobby fronts – – strip clubs, massage parlors, escort services, street walkers, and the lifestyle scene.
I didn’t take the time to read your credentials, but dollars to donuts, I’m guessing you’re a Mandle. If not, you have more money than sense. Charging more for a gallon of milk won’t keep it from souring any sooner. Sticking with the dairy theme: yes; the cream rises to the top but in this market, even the dregs are charging the same as the organic, pure, non-homogenized, low-fat, high-protein, fancy shit that comes in a glass bottle, when they need to be charging closer to powdered milk-in-a-box prices.
This isn’t San Francisco, San Jose, Sausalito, or even Oakland: there is more than one grocery store in the area and even some dairy farms nearby. We shouldn’t be paying Exclusive prices for readily-available items.