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I've been approached by headhunters for contract work at Intel. They want all kinds of machine learning knowledge & experience and the pay is.... $45/hr. I kid you not. I just sort of laugh and tell them that that's about 1/3 of market rate for that kind of thing.
You won't be able to get someone to fix your car for $45/hr.
I wonder if they have regrets about their 300 million dollar diversity push.
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A friend of mine was a professor at a US university in ML and came home to NED to work in medical ML and makes about that. I was amazed he wasn't at FAANG and his simple response was "My wife and I agreed that we would raise our children near their grandparents." There's perhaps more diversity in preferences than we can imagine.
What is NED?
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People agree, talented people do not.
A lot of people do not understand their worth and let get hired/exploited for peanuts. When I was hired for my absolute first job, over two decades ago, I was asked how much I want. I did not know how much I can ask so I asked some minimum that I thought would pay for my expenses. The guy who interviewed me, who was to be my manager, said he shouldn't be telling this but I can ask twice as much.
Sounds like what happened at Intel, from the top comments.
This is an encouraging move. My secondhand understanding was that Intel was losing top talent due to pressure to pay closer to median industry compensation. Top engineers recognized they were underpaid and left the company. I've been part of a similar downhill slide at a smaller company in the billion dollar revenue range. To be blunt, once the [mediocre] MBAs start realizing that the engineers are getting paid more…
These 'useless MBAs' 'only engineers are worthy beings' generalisations on HN are getting seriously tiring. A lot of people have both backgrounds fyi. There's bad Apples in every profession.
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I genuinely feel bad for talented people that get suckered into deals like this. Obviously some do if recruiters try and do this.
Being slightly underpaid is a great lifehack, but only if your bosses know it. Less stress, more work/life balance. Let people work themselves to the bone for 30% more money. That isn't for me.
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What if I told you that, more often than not, you could do your current work and get much more money? People, especially tech people, are quite awful at extracting their full value.
Fully agree. For some reason people assume that you get paid more in order to deal with less interesting work or a worse work environment. This is completely false. You get paid more when the company values you more. The company values you more, when they make more from what you are able to contribute, on average. Highly paid engineering work environments are strongly correlated with interesting work and with good wo…
> This is completely false.
I wouldn't say it's completely false. For example, I'm guessing many enterprise software developers make more than many CS professors. Said professors are obviously qualified to make CRUD apps but they would rather do research or teach curriculums based on their interests.
> The company values you more, when they make more from what you are able to contribute, on average.
Yes, this is true. But your conclusion does not follow from that:
> Highly paid engineering work environments are strongly correlated with interesting work and with good working conditions.
There is probably some correlation between interesting work for the engineer on the one hand and profitable work for the employer on the other, but it's not nearly as strong as you make it seem.
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I've been approached by headhunters for contract work at Intel. They want all kinds of machine learning knowledge & experience and the pay is.... $45/hr. I kid you not. I just sort of laugh and tell them that that's about 1/3 of market rate for that kind of thing.
$45/hr is about what I was paid as a grad-student intern at Apple ... 15 years ago.
HN is great, but it really is not an accurate sample of real world wages.
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I am 100% in the same boat. Had a recruiter reach out to me who wanted me to leave my more than comfortable six figure SV job to do cutting edge contract work in machine learning as a lead engineer for about $50/hour. I was so amused I actually spent the time listening to their pitch and eventually told them that anything less than $200/hour wouldn't even cover my current pay + benefits. Let me know if you can do bet…
I genuinely feel bad for talented people that get suckered into deals like this. Obviously some do if recruiters try and do this.
Intel engineers design chips, used by billions of people. There is a certain value, placed on such jobs. And it appears, that Intel management is happy to exploit that value.