PeakTrader.com

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PeakTrader said...

High Cost Of Living Shrinks Silicon Valley's Sizable Paychecks
Aug 2nd 2011

The cost of living in Silicon Valley well exceeds other metropolitan areas.

Tech workers in Silicon Valley earn an average $92,300 a year, their counterparts in New York City only require $74,800 to match the same standard of living.

Tech workers in cities in other regions, such as Dallas and Philadelphia, require just roughly half of those in Silicon Valley to live just as well.

Taxes also take a bigger bite out of California workers' paychecks, with those earning annual salaries in excess of $46,776 paying 9.3 percent in state income taxes.

Big Government = High Prices + High Taxes (and fees, fines, fares, tolls, tuition, etc.).

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Rufus II said...

Cal Coolidge, and H. Hoover kept the guvmint nice, and small. How'd that work out?

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PeakTrader said...

Rufus, it worked out to faster improvements in living standards, over a 50-year period during the Industrial Revolution.

Neither too small nor too big are best for society.

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Rufus II said...



Heckuva try, PT. I gotta give you that.

(you actually made me smile for the first time this morning. Now, I'm going to take a nap.)

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PeakTrader said...

It made me smile to hear a politician in Washington say "We tinker with the economy at the margins."

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juandos said...

http://www.cato.org/pubs/journal/cj16n2-2.html