I am a Senior Frontend Dev with 7 years of experience and I’m stuck at $125k in Austin. Am I being massively underpaid? Every time I bring up compensation with my manager, he points to the macroeconomic climate and says we're lucky to have job stability.

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I don't think that's bad for Austin.

I disagree as someone who has lived in Austin. It’s a HCOL painted as LCOL

If you think you are worth more, go find a company willing to pay you more.

You are definitely VERY underpaid. What size company is this at?

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