Live data from Hacker News

Tech Salaries in 2022: Why the Six Figure Pay Makes Techies Feel Underpaid

toolbox.com

301–310 of 609 posts

Re: Tech Salaries in 2022: Why the Six Figure Pay Makes Techies Feel Underpaid

#301
post #70

Earlier quoted context omitted.

You're welcome to join us anytime friend!

Umm.... what about the visa? :) There's a reason you get nice salaries, it's because your labour market is extremely extremely protectionist

No it's not. I wish it were. At my prior job the leadership, all the way to the top, made it uncomfortable for non-Indians to work there. They'd bring people over from India, hold the H1B over their heads, and work the crap out of them. They weren't happy from what I could tell, and most non-Indians left by the time I also did.

And from what I gather that's not an isolated incident.

Re: Tech Salaries in 2022: Why the Six Figure Pay Makes Techies Feel Underpaid

#302

Earlier quoted context omitted.

Amusingly, I have gotten exactly that question - or rather, "what's in an inode." I answered "data about a file object, but none of the actual contents of the file, which are stored elsewhere" and failed because I didn't mention the magic words "metadata" and "permissions". Fair, I guess, but this wasn't for a systems development position at all, so I can't imagine it would have been critical to the job! Another favo…

> where I got marked as getting it wrong for skipping explicit description of SYN/ACK step of the TCP connection that's pretty crazy because if you're going to talk about that then you're going to have to talk about congestion control, windowing, every other protocol besides IP that TCP can run on top of and how they work, and all the other things that come into play based on the current state of the various networks…

And this is why I hate those "Tell me what happens when you type google.com into your browser" questions. Unless the interviewer is VERY active in guiding the discussion, I have no idea how to proceed. I could probably talk about DNS for 20 min. I totally bombed this question in an interview once because I got like zero feedback during the discussion.

Re: Tech Salaries in 2022: Why the Six Figure Pay Makes Techies Feel Underpaid

#303

complains about six-figure pay while sitting at home at computer eating a snack while waiting for someone to review their pull request

And said PR was probably adding new ad and tracking tech to make people's lives more miserable.

Re: Tech Salaries in 2022: Why the Six Figure Pay Makes Techies Feel Underpaid

#304

>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…

Factoring in the rise in home prices as well as the dramatic collapse of everyones stock portfolios, 11% inflation only scratches the surface of our problems...

Re: Tech Salaries in 2022: Why the Six Figure Pay Makes Techies Feel Underpaid

#305

>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…

I have a colleague who left and is essentially doing the same work as I do, but is making about 5x more due to getting a cut of the revenue, but has a low base compensation.

Due to the nature of my employment and some benefits, it doesn't make sense to leave right now. But you can bet that I will be out the door the minute the clock ticks to the appropriate date.

Re: Tech Salaries in 2022: Why the Six Figure Pay Makes Techies Feel Underpaid

#306
post #203
post #186

Earlier quoted context omitted.

People have expectations set by parents and society. Things like owning a house are socially expected and difficult in SV. It’s fairly natural to feel “sorry for yourself” when making good money if that good money either isn’t leading to a mortgage and a home or if that good money results in substantial challenges with said home and said mortgage. Just because someone is more well off doesn’t mean they don’t have pro…

The house trance in SV is very disturbing to me. I saw a lot- and I mean a lot of people move in with their families from the midwest to work at FAAMG, and then bought a house in sunnyvale which they absolutely HATE. From the high prices to the schools filled with grinds, they just want to move back to the midwest and live near the rest of their families in a place where land is cheap and people don't try to compete…

> From the high prices to the schools filled with grinds

Interesting to see the word "grind" word making a comeback. It's first manifestation was "greasy grind", used as a pejorative for academically hard working immigrant kids - usually Jewish - before WW2.

Before we start applying labels like that to people again, perhaps it would be better to look at the incentive structures that cause people to be so driven academically, even if to a fault.

For example, many of those people might not have a place like the Midwest to move back to, or even if they did, it would be even more hyper competitive (like much of Asia).

> they just want to move back to the midwest and live near the rest of their families in a place where land is cheap and people don't try to compete so hard in high school.

I sympathize with this as I think the SV style academic rat race damages kids' curiosity in the name of status, but the Midwest didn't sit still this whole time.

You will find such hyper competitive academic systems these days in many parts of the Midwest too, especially in the "nice" suburbs that people want to move to with cheaper land, big houses, "good" schools, and probably a short driving distance from a Whole Foods (or similarly posh supermarket).

Re: Tech Salaries in 2022: Why the Six Figure Pay Makes Techies Feel Underpaid

#307

Earlier quoted context omitted.

There's no way in hell it's close to 8x. Just crunched the numbers, and an 8x mortgage would exceed my monthly take home. I felt pretty uncomfortable at 2.5x. I feel a lot of people are probably extending out to 4 or even 5, but 8 would be irresponsible and I doubt you could even find a lender for that.

Maybe you miscrunched? A 5x mortgage over gross pay should be just over 30% of monthly gross take home. Maybe too much for some, but not absolutely irresponsible - especially if you choose to stay in a stable housing market. 2.5x is completely ridiculous to expect - that’s going to be far below rental payments in most places that anybody would want to live. Its definitely not the norm. It’s obtainable in some areas o…

> 2.5x is completely ridiculous to expect - that’s going to be far below rental payments in most places that anybody would want to live.

That's because rental prices are ridiculous.

Re: Tech Salaries in 2022: Why the Six Figure Pay Makes Techies Feel Underpaid

#308

Earlier quoted context omitted.

If you're a senior delivering 10x the value of a grad, does it not feel fair to offer more than 2x the salary? I'm torn tbh - there are various ways that a salary can be set, including the value people are delivering, market forces and in reference to others in the career ladder. There's a balancing act to be had, but I can see where the GP is coming from.

This is why I went into freelance. It’s not about being a junior, there are people that put in so little effort they basically bring negative value, and I’m being paid comparable to them

This can be said for every profession.

Re: Tech Salaries in 2022: Why the Six Figure Pay Makes Techies Feel Underpaid

#309
post #217

Earlier quoted context omitted.

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…

> Especially so if you are in a value-adding position and not something like internal tooling. Why the knock on internal tooling? If internal tooling helps a value-add position go 10% faster, that's worth a lot. And most likely it isn't just one position, it's many.

It's not a knock - if you're not aligned with revenue, you're valued less.

This historically was the some for technology in general. When grandpa was the chief of data processing in the 1980s for some insurance company, he wasn't making FANG salaries. But the IBM dudes were.

Re: Tech Salaries in 2022: Why the Six Figure Pay Makes Techies Feel Underpaid

#310
post #283

Earlier quoted context omitted.

If only Americans reignited their imagination and didn't just settle on having a few big cities in opposite corners of the country. America is huge. There's land everywhere. Start dreaming. China has 160 cities with 1+ million people. We have 10. Granted, there is a massive population difference, but we should most definitely have more than 10. There are major issues when you only have a few cities with the bulk of t…

This is kind of ignoring all the positive effects from density. Yes, housing for density is hard. Yes, there are some negatives. But you would not get anywhere near the economic productivity you do from 330 Million people uniformly spread across the US as you do from having huge spikes in NYC and LA (and other metropolitan zones). You also have to face the fact that as you spread people out, most costs go up. Cities…

There's a middle ground between spread out uniform, and having a few major population centers. Germany is a great example.
Post reply on HN