alt Hacker NewsI previously worked at government job, a regional water company. Was on the fast track to become the AD and then CTO in the 5-10 year range as the entire upper echelon was on the verge of retirement. Except my salary would be capped at $150k as the CTO.
The CTO himself owned a home a couple blocks off of the beach in one of the most desirable ZIP codes in my state. I, myself, best I could hope for on that salary is a plywood DR Horton house 20+ miles upriver in a neighborhood that gets robbed weekly by “Kia Boys.”
What was once a very desirable, very secure job became a joke thanks to failing wages and rampant inflation. Best-worst option was a remote job for a mid-salary and move to the sticks, pay off the house fast, and try to coast that remote lifestyle as long as possible.
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Yeah, alot of high stress jobs pay enough to live on, but you cant really get ahead. And so whats the point? Probably the CTO had actual equity, by now they consider it a random management role, the actual person working that job can just be swapped as needed
Could also view it through the lens of simply not building enough housing stock.. imagine if that was a high-rise so that instead of one person living right off the beach it was 100