Earlier quoted context omitted.
> Otherwise all dev work could just be outsourced. The value of American engineers is their ability to a) speak english well, b) show up at the office, and c) swallow large amounts of debt for college to ease hiring. So I'm not sure how outsourcing plays into this at all. I have never before heard of someone expressing a desire to hire a product manager/marketer/sales/brand strategist/designer because they're a good…
"I have never before heard of someone expressing a desire to hire a product manager/marketer/sales/brand strategist/designer because they're a good engineer." I have. They don't have to be amazing engineers, but a background with some engineer knowledge is always a big plus.
Massachusetts Bans Employers from Asking Applicants About Previous Pay
221–230 of 785 posts
Re: Massachusetts Bans Employers from Asking Applicants About Previous Pay
#222Earlier quoted context omitted.
I am a developer, so I am all for higher developer salaries, but your posts shows a common misunderstanding about economics. The value someone creates has nothing to do with their salary. Their salary is dictated by how many people need to hire developers and how many developers exist to fill those jobs or in simple terms, supply and demand. I might create millions of dollars in value with my code, but there might be…
So, this supply and demand thing. We keep hearing from large tech companies that there's a crisis -- a massive shortage of qualified software engineers, to such a degree that they won't be able to operate at all if they can't raise the H1-B quotas and import more people to fill all the jobs currently going unfilled. If that truly is the case, then supply and demand would tell us that currently engineers are underpaid…
Re: Massachusetts Bans Employers from Asking Applicants About Previous Pay
#223Earlier quoted context omitted.
> Nobody is stopping engineers from saying "I'm going to contribute $1.5m to your bottom line this next year, I want you to pay me $1.4m", but they'll be shown the door because there's a guy that's willing to contribute the same $1.5m in exchange for $100k in compensation. Which is why you should be an owner/competitor versus an employee if you know the business well enough.
>Which is why you should be an owner/competitor versus an employee if you know the business well enough. Uber just lost a war of attrition with Didi Chuxing after throwing a billion dollars at China's taxi market How much attrition can you afford?
Re: Massachusetts Bans Employers from Asking Applicants About Previous Pay
#224Earlier quoted context omitted.
Works well until an employer does due diligence (ask for proof of your number). In my experience many (not all) do due diligence.
How are they going to verify your current salary? Do companies really go out of their way to do that?
Re: Massachusetts Bans Employers from Asking Applicants About Previous Pay
#225Earlier quoted context omitted.
I am a developer, so I am all for higher developer salaries, but your posts shows a common misunderstanding about economics. The value someone creates has nothing to do with their salary. Their salary is dictated by how many people need to hire developers and how many developers exist to fill those jobs or in simple terms, supply and demand. I might create millions of dollars in value with my code, but there might be…
So, this supply and demand thing. We keep hearing from large tech companies that there's a crisis -- a massive shortage of qualified software engineers, to such a degree that they won't be able to operate at all if they can't raise the H1-B quotas and import more people to fill all the jobs currently going unfilled. If that truly is the case, then supply and demand would tell us that currently engineers are underpaid…
Re: Massachusetts Bans Employers from Asking Applicants About Previous Pay
#226Earlier quoted context omitted.
A 7 figure annual income is setting the affluent definition very high. You can work at Google for a decade and end up a multi-millionaire, with enough money to retire to most places in the US. From your other comment, it seems like you haven't done the analysis on this. Top companies are routinely paying $200k-300k these days. That's enough to save a million dollars over a decade even if you have a family.
>Top companies are routinely paying $200k-300k these days Yup, all four of them - Apple, Facebook, Google, Netflix.
There are also many more tech companies which will give such salaries to distinguished engineers.
edit: Reading your other comment, median is not the right parameter to compare in this situation.
Re: Massachusetts Bans Employers from Asking Applicants About Previous Pay
#227Technically less information can lead imperfect human reasoners to more rational allocation of resources, but you'd have to do a lot more work to prove that to me than some policymaker's "feeling".
Re: Massachusetts Bans Employers from Asking Applicants About Previous Pay
#228LOL. Massachusetts lawmakers passed this stupid, empty gesture but didn't ban noncompetes. Enjoy your technology non-industry, Massachusetts.
You seem like a nice guy
Re: Massachusetts Bans Employers from Asking Applicants About Previous Pay
#229Earlier quoted context omitted.
The latter is not necessarily true - you might be creating tremendous value, but have barriers to market entry that are enormous such that you can only really create that value from within one of the existing players on the market. See aerospace, telecommunications, medicine, government contracting for examples of such industries. If I'm making a huge amount of added value for a large telecom, it's unlikely I can sta…
You're a component in a value creating engine which includes the ability to hurdle those barriers to entry, which means you don't get credit (on your own) for the total value that you are able to produce within that system.
Re: Massachusetts Bans Employers from Asking Applicants About Previous Pay
#230Earlier quoted context omitted.
In Silicon Valley it seems popular to just start your own company and capture the value that way, but other fields have solved this issue by unionizing.
Unions do not have a good history of preserving value, at least not in the USA.