Want a little “behind the scenes” glimpse of Silicon Valley?
We already know that many folks living and working there exist in their own bubble; a bubble created by Google, Apple, eBay, Cisco and all the rest. During the day, tens of thousands work inside those guarded, “campus-type secretive-enclaves.”
No one goes out to lunch, because no one has to. Gourmet meals are often free and always on campus. Many local stores and restaurants around Google’s headquarters say they struggle just to stay in business.
There’s also free haircuts, free dental appointments, free gym, free laundry, dry cleaning - even apartment cleaning. Apple employees don’t have traditional health care coverage - they visit an onsite “Apple Doctor” in a medical care facility that looks like the Apple Store.
With that in mind, get ready for this: most Americans will earn far less this year than a Silicon Valley Engineering Summer Intern.
The median base salary this summer will hit $6,800 a month. Annualized, that’s more than $81,000 a year. And some will make as much as $10,000 a month. As an intern!
And here's another interesting fact. Can you guess how much money it costs to keep one of the richest men in the world safe?
The man we're talking about is Facebook’s billionaire CEO, Mark Zuckerberg. In 2015, the social media network’s board of directors allocated nearly $4.3 million towards “direct security services” for their founder.
They claim Zuckerberg’s high visibility coupled with specific threats from notable terrorist groups like ISIS, make the pricey protection appropriate and necessary.
Unlike those Silicon Valley interns, Zuckerberg is paid just one dollar a year in salary. However, combined with his protection package and private aircraft allowance, his total compensation totaled more than $5 million last year.
He probably didn’t file a 1040 EZ form at tax time, we're guessing.