Updated Apr 28, 2018 - Technology

Talent war in Silicon Valley demands high salary

Google headquarters.

Google headquarters in Silicon Valley. Photo: Smith Collection/Gado/Getty Images

Employees at Google's parent company Alphabet Inc. earned "a median pay package of more than $197,000" in 2017, around 18% lower than Facebook's median salary of $240,000, the Wall Street Journal reports.

Why it matters: Per the Journal, this illustrates the competitive "talent war in Silicon Valley, where talented engineers are in limited supply." These two salaries were more than $100,000 above Amazon's median pay, which sat at $28,446. The median price for a home in Silicon Valley is upwards of $1 million, in Seattle the median home price is just under $800,000.

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