400k in San Francisco <<< 200k in Iowa
Easy:
After tax income per smartasset:
San Francisco 400k gross >>> 240k after tax
Indianapolis 200k gross >>> 138k after tax
Numbeo for cola:
138k in Indianapolis should be 233k in San Francisco.
Why would you want to live in a sheeethole again?
Also, the tech job market is so bad these days that JMCs don't afford the luxury of the job choices. However, even so, don't take this tradeoff lightly. JM will get better eventually over time; you never know.
Academic econ JM has been on a long term downward trend for decades, with the tech blip recently keeping it from completely crashing
What do you mean?
As an actual economist in tech reading this I am always shocked by how well those in academia think they understand industry when in reality they have no idea. I do know that it’s mostly undergrads posting here though too so it sort of checks out
2023 no recession?
I actually think there’ll be a soft landing but basically, high interest rates are causing tech firms to be more disciplined. Overall, a good thing. We need more research on the dangers of low for long. I think we’ve been very fortunate 2020 and beyond, all things considered.
Personally I am glad I chose academia, but that's because I succeeded in it. My success was mostly luck, and a lot of people that are better economists than me did not. That being said, my life is much better than my friends that chose industry at a young age, even the ones that make more money than me.