So are you guys seeing unionization efforts picking up any steam?
I've seen it reach the collective conscious more in the last two years in San Francisco, but I'm not at a FAANG to see if its really permeating. As in at a bar or courtyard it might not be the most outlandish topic of conversation, compared to an idea immediately scoffed at since all of us made conscious financial decisions to pursue high paying jobs without union dues. People are curious about the benefits.
My only observation is that multiple of the largest publicly listed companies in the world are right here, and that the high compensation has nothing to do with what's possible. If compensation reached ratios with housing that haven't been seen since the 1980s, then the compensation would still be substantially higher on average than it is today. For reference, it means fully owning your house in 5 years. Not the 8-11 year situation that even highly compensated FAANG workers experience. But compensation may or may not improve with unionization, with the reality that higher comp outliers might disappear. The employees may have more say in other perks such as the company towns their employers have created in south bay. Overall at this point I am seeing net benefits, distinct from the public sector blue-collar work that unions have become associated with.
I've seen it reach the collective conscious more in the last two years in San Francisco, but I'm not at a FAANG to see if its really permeating. As in at a bar or courtyard it might not be the most outlandish topic of conversation, compared to an idea immediately scoffed at since all of us made conscious financial decisions to pursue high paying jobs without union dues. People are curious about the benefits.
My only observation is that multiple of the largest publicly listed companies in the world are right here, and that the high compensation has nothing to do with what's possible. If compensation reached ratios with housing that haven't been seen since the 1980s, then the compensation would still be substantially higher on average than it is today. For reference, it means fully owning your house in 5 years. Not the 8-11 year situation that even highly compensated FAANG workers experience. But compensation may or may not improve with unionization, with the reality that higher comp outliers might disappear. The employees may have more say in other perks such as the company towns their employers have created in south bay. Overall at this point I am seeing net benefits, distinct from the public sector blue-collar work that unions have become associated with.