231–240 of 609 posts
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Tbh I don't feel underpaid; I feel the US/FAANG engineers are ridiculously overpaid.
Their employers are making $300k+ net profit per employee. The salaries seem reasonable to me on that basis.
Meanwhile I'm making ~1/10th of the average. Been applying but looks like companies are looking for folks with +4yr experience. US and UK companies are no go since most aren't hiring people located outside of the US, and the few that do, it's for 1/10th of the average pay again. Making +100k USD would be nice but I'm looking for 20k or maybe 30k, that would be way more than what I'm making currently. Can anyone share…
I had to move to Finland (from the UK) to get my first real job, and even when I returned to the UK I had to move to London to find another place that would take me. Now I have a few years under me and people seem to throw jobs at me.
The trend has been for a while: "We don't hire juniors", which I think is extremely short-sighted.
The problem is that when you're hiring juniors (or even interns) you have a responsibility for them; it's a bit like having children, you have a stranger that needs supervision, proper education and the company/environment needs to have a good structure.
Companies are scared of a junior being trained (or, invested in) and then running away.
Companies are even more scared of the fact that they don't have a good structure set up. So we have this sort of absence of new juniors.
(also, and this is controversial, when hiring juniors there's a strong emphasis on hiring from minority backgrounds such as women, trans-folk, ethnicities other than white and neurodiversity).
So, my "tip" is to move to where the jobs are. (rather: be very open to relocate)
We europeans are underpaid and taxed to death. The US could easily fill its worker shortage by offering easy visas for EU engineers. Many of us would like to move but it's a real PITA to apply to companies that are even willing to consider visa sponsorship. I actually have no idea why this is not the case already. It's basically 1st world to 1st world transition and the one losing would be EU.
It only seems like that but people in the US have to pay for things that Europeans take for granted. You might earn more, but most people would end up with less disposable income.
It also makes us Europeans feel underpaid :) I have 20 years of experience and don't even make six figures. $350000 base pay sounds like a different world.
Exactly my thought when I read the title. I know the cost of living is higher in US but I'm always baffled by how much tech workers make on the other side of the pond. To me it sounds like a dream.
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What percent of people have fixed vs variable rate mortgages?
In UK you always get a fixed rate for X number of years, then it automatically move to variable(but at that point you'd just remortgage again). Like we're on a 1.29% 5-year fixed mortgage, but the whole thing is 20 years long. But after 5 years we'll just remortgage again on new terms.
Fixed rate mortgages are popular with people that don't want to take on the risk of payment fluctuation as well as in economic environments such as today.
There's this dynamic of pay tending to be pegged to your job title. An engineer is an engineer is an engineer. In SF bay area, entry level jobs at big tech are skewing high and experienced roles are skewing low. This doesn't come close to mapping to impact level usually and we just accept that because it's socially easy. I've worked at startups where there were clearly >10x impact differences between two engineers an…
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It only seems like that but people in the US have to pay for things that Europeans take for granted. You might earn more, but most people would end up with less disposable income.
For some jobs sure, but tech job? The delta is >$100,000USD/yr, which after tax might be $70,000 which pays for all that stuff you get for free or subsidized in Europe, plus some left over .
The others? Forget about public transit. Need a car, and car insurance, and car maintenance.
And the reality is most tech jobs don't really pay as much as you think. For the good remote jobs you'll be competing with people who are simply better than you ,so good luck.
>the average tech worker’s salary [will] reach $104,566 in the U.S. — a 6.9% increase since 2020, the report found. But inflation is over 11% since 2020. This isn't an increase. The average tech worker is making less than they were 2 years ago according to the Dice salary report. Why do tech workers feel underpaid? Many companies posted record growth and profits over the pandemic, but still give out paltry 3-5% raise…
The money we make pales in comparison with the size of our contributions to the company. Especially so if you are in a value-adding position and not something like internal tooling. Management and executives are DEFINITELY underpaying us relative to what we bring to the table for them. Maybe that is one of the reason headcounts have ballooned and complexity has increased so much -- an attempt to minimize individual i…
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> This is what I will never understand about most established tech people, they see all the widespread misery and poverty in SV and they still have the capacity to feel sorry for themselves for not making X times more than 'that other guy.' As opposed to who exactly? The system is based on greed and maximizing profits/salaries/status/whatever. Are doctors/lawyers/financial people not behaving this way? Some doctors e…
> Some doctors earn around one million USD a year in the U.S, that's money that makes insurance more expensive and unaffordable for everyone. You're seriously not comparing yourself to physicians in level of importance in Society, are you?! As I said, after COVID we got a real wake up call of who mattered, and Nurses and Physicians deserve every penny that they get, its the system that is broken: see Stanford nurse s…
Oh please.
One of the fun things about MDs and dentists is that it's one of the only professions where the supply of those people is strictly controlled by the people who are in danger of being replaced. There are VASTLY more people qualified of being excellent cardiologists and neurologists than there are spots to be trained in those specialties. The exclusivity of the practicing physicians on the field is what limits supply and increases demand.
What a title. Americans are so, so lucky, and don't even recognise their privilege.
With remote work and easier access to the global talent pool, these salaries are bound to normalize across the board. Enjoy the ride while you can, my friends! :)
Here I am years later in one of the best job markets for IT. IT related jobs are constantly in the top 3 for projected grown in the next decade or so. Yet, I still have to explain to older people who maybe worked in IT/Telecoms in the 90s that no India and the global market is not taking my job.