To piggyback onto this, a $250k limit affects most physicians. Hospitals will argue that a physician leaving a facility hurts the hospital because that physician will bring their patients with them. What they don't mention is that this is literally impossible for all shift work positions like emergency medicine, anesthesia, hospitalists, critical care, or radiology, among others. They don't choose their patients.
Anyway, medical noncompetes frequently target a certain number of mile radius around the hospital. In a tightly packed area like NYC, this basically locks the physician out of working for any other hospital during the non-compete period. Recently, the hospitals have become very aggressive at pushing their staff to work longer stretches of shifts with no breaks. Also, there's no overtime since they're considered exempt employees. They can get away with this because it's very difficult for their staff to leave without either moving or working locums out of the area until their non-compete times out. This doesn't work for many families if, for example, they have children or older parents to care for.
Much of the American healthcare system is now owned by private equity and they will fight tooth and nail to keep their non-competes. Healthcare workers are burning out and the non-competes eliminate much of their leverage to push for better working conditions. It's disgusting and needs to stop.
Is it? That suggests that I'm being rather severely underpaid. But I doubt this, in the US at least the average seems to be much closer to half of this figure when researching positions.
For a mid tier developer at a public company. yeah it is. Until your like senior staff +, your still just another replaceable ic stuck listening to hr rules. Your not making demands or negotiating your employment contract.
The idea of having the cut off so low is detached from the realities of hiring at large companies and how much actual leaders in these companies are making.
The median for NYC is a lot higher than for the US as a whole. The highest paid geographic tiers for jobs tend to list NYC and SF Bay first, even above NY/CA state.
For NYC that 250k number is absolutely mid-level for tech and finance.
Manhattan is probably more expensive than SF. I frequently hear of $4k-$5k/mth small 1 bedrooms, where in SF it’s possible to get those for $3k. That’s the comparison to make for your office likely being 10 minutes away.
250k is the 92nd percentile of incomes in the US. You’re right that people have no concept of what real wealth is, but I don’t think it’s in the way you meant it.
Americans make so little money they still think breaking 100k is "making it", so people see a number like 200k or 300,cant imagine what that is.
250k only sounds like a lot becasue the bar is so low in the US. Even our politicians are under paid. This governor makes 250k. I make more then her and deffintly responsible for a lot less. And I'm not negotiating anything in my employment contract
I've wondered what would happen if we paid our politicians like the private sector. Governor is more or less a ceo job. But the pay is drastically less. What kind of people are we getting to lead the?
Hard to tell, would it reduce corruption or just let them pocket more?
People making $250k don't get to negotiate a custom contract, just a few variables in a template.