This means small companies may not get good talent that value things besides salary (wfh, perks, fun project) and will have to compete with corporations for people who only cares about money. This may (or may not) impact startups
I value a good manager, a fun team, an actual PTO policy I can use, and cool projects to work with at about $40,000 a year. Salary is valuable but it is not the only valuable thing.
Salary is the most valuable thing, however. Because I would happily take a salary of 1 billion dollars with an awful manager and a no-fun team. And, conversely, I would never take a job with the best people on planet earth for a salary of one dollar.
If you were offered a job with an awful manager and a no-fun team for $250,000, and a job with the best people on the planet for $249,999, which one would you choose?
Right, naturally the extent matters, but it's still the most important statistic when doing cost analysis.
Also, other statistics are just wage in disguise. Work-life balance refers to working less, which means a higher wage. PTO is also just working less, which is a higher wage. WFH means less driving + lower cost of living, which is an effective higher wage.
Well, of course, you can make up hypotheticals. I used to say that you couldn't pay me enough to work in NYC. But of course I didn't literally mean that I wouldn't take FU money for a couple years to work there (not doing anything criminal etc.). But that wasn't going to realistically happen.
If you can't live off of $40,000 a year, you are not taking that job. I'm not saying there aren't people already independently wealthy and "working" for fun but those are an infinitesimal exception.
I think they mean that they will take a job with those benefits for 40k less than a job without. I assume generally they are looking at positions that pay substantially more than that.
I get your point, but if that were completely true, no one would work in the videogame or embedded software sectors. They pay dramatically less, especially early in career.
Changing the work hours doesn't technically affect "salary" but it's a change in wages. I think your example mostly reinforces the point, but we should be using the word "wages" to be clearer.
I don't think I even paid them more per hour. The problem was that all the other companies only want to hire full time programmers, so I was able to hire them by offering a job with fewer hours.
Also, they complained that their previous job was super stressful because the sales people kept making promises to customers that were really hard to keep ("of course we'll implement this in two weeks") and so they were constantly scrambling to meet impossible deadlines.
Maybe software-adjacent people applying to startups, but in general, this obviously can't be true. Relatively low-paying but high-status jobs, like FBI agent, military officer, elected official, judge wouldn't exist, nor low-paying passion work like social worker, wildlife conservation, most non-profits, low-paying jobs that are simply fun like most musicians, pro athletes in unpopular sports. Plenty of capable, talented people who could be making more money choose not to.
I'd argue that most workers value several things over salary. Very few people are trying to maximize their income at the expense of everything else. They tend to limit their job searches to places near their families. They apply to jobs they'd enjoy doing or at least wouldn't mind vs jobs they'd hate but which pay better. They don't apply to jobs that pay well but are also highly dangerous. etc.
Money > everything just isn't how most people see the world.
Not sure if it meant to be joke but I do value things besides salary. I literally accepted offer with 40% drop recently. Salary is important and it doesn’t make sense to work for free. But after some threshold increase is salary doesn’t change life drastically. But not spending 40 hours doing boring stuff changes life a lot.
Fidessa is pretty famous on Wall Street for paying lower salaries but being much more fun to work for. They have tons of at-work and after-work events (with and without alcohol). There are lots of people who stay at Fidessa for much less money than they could make at another firm.
Of course people value things besides salary, but if there was no salary or the salary would not be enough to live off, none of those things matter in any way. So first and foremost (unless you're a billionaire's son) is salary, for everyone.
Perhaps so, but in our highly-compensated industry, that is a very low bar! Your point may be technically correct, after you have sliced it so finely, but it is no longer very interesting.