Not that I am ok with it, but the collusion is a double edged sword. Let me explain myself: On one hand it is bad that the employee gets less than the market and the company is willing to pay. And that should absolutely be corrected somehow.
On the other hand, now that the salaries have exploded in SV, you can see the transfer happening towards the real estate owners. I can bet on it, that if the salaries go down, the real estate in SV/SF will take a hit.
So. the business owner has to face this: if I let the salaries go up, then it will be difficult to bring in entry level people since they won't be able to enter the market. And they'll have to go with shared apartments and other similar arrangements, which is untenable in the long run.
Plus, it is not sure the employee will be able to retain much of that salary increase.
I know, it sounds paternalistic for the employer to think this and maybe it is better to let the market settle the current salaries/living costs tussle. But my argument is that maybe Catmull had other considerations aside from the business bottom line. The employee pipeline is actually more important.
Silicon Valley has to take a lead when it comes to working remotely. At the very least, let the well paid people work from a list of co-working spaces around the country or something if renting an office in Portland, Oregon or New York, NY is a problem and you won't have people working from home.
Yes, this. Which startup ought to be spending millions just maintaining a hip SF office instead of executing their plan, hiring good people, and making product? Of all industries, you'd think this one would have shed the old school, suit and tie, butt-in-chair HR mentality?
Perhaps they might need one or two people in SV to be in contact with VC people or something. I've never worked in a startup and so I can't tell you about the dreaded f word that ends in ing (funding). But should everyone be in SV?
BTW, how does one go about finding a developer job (not a senior role, have work experience in .NET but I'm willing to do something new) in New York City? I feel like I don't have the connections I need to land a job here. I have a BS in Mathematics and a BS in Computer Science if that helps.
> the business owner has to face this: if I let the salaries go up, then it will be difficult to bring in entry level people since they won't be able to enter the market
I know, it sounds paternalistic for the employer to think this and maybe it is better to let the market settle the current salaries/living costs tussle. But my argument is that maybe Catmull had other considerations aside from the business bottom line. The employee pipeline is actually more important.