341–350 of 609 posts
Earlier quoted context omitted.
Their employers are making $300k+ net profit per employee. The salaries seem reasonable to me on that basis.
Some of them are. Google and Apple make stupendous profits. Uber loses money every quarter. But they pay similarly.
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…
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.
Do the monetary value of these cover for the missing 4x on your base?
Earlier quoted context omitted.
> The money we make pales in comparison with the size of our contributions to the company. That's unfortunately not how markets work. If you create 10M of value every year, and are only paid 250K for doing it, it's because there is someone else out there who is willing to do it for the same. (Yes, there are asymmetries in information and power, but broadly, tech salaries are market-driven)
If you're able individually as a sole contributor to create 10M of value, sure, off you go, quit you job to go solo and generate all that sweet revenue for yourself. It turns out someone identifying a market opportunity, getting funding, renting office space, hiring HR, infrastructure, service and support personnel, product designers, QA, sales, etc, etc all costs a surprising amount of money and effort that for some…
Earlier quoted context omitted.
> Meanwhile for those that have the time and willpower to grind leetcode, they know they can command a 20-40% raise every few years. One thing a lot of people forget about this 20-40% number is: It's only true early in your career. It might be hard for younger folks to believe, but you will all hit a ceiling and plateau. My first job hop was for +50%! The next one was about 40%, the next one 15%, and so on. Now, with…
This is something I don't think gets discussed enough. In my first 10 years of career I basically doubled my salary, by moving every 2-3 years, but I also now know I am pretty much hitting a plateau, anytime I talk with recruiters and talk about the salary I'd like to move which is about 10-20% (which is pretty reasonable given the benefits I got now) then people express reservations. Some people will end up making 2…
You could extend the curve and plateau higher, but then, that money is probably going to cause problems elsewhere for the younger generations. Meanwhile, the younger generations are seeking income increases so they can get the basics out of the way and start working towards their goals. They are already at the point where, despite studying for a long time and taking longer to enter the market, they are starting lower and have to delay their goals way more than the generations before them.
I don't really see a solution here. You can make young people work earlier, but that'll flood the job market even more. Boosting young people will make the curve flatter, which exacerbates the problem. You could extend the curve otherwise, but that means your yearly growth at the start will be smaller (which hurts everyone along the curve). The only solution I see here is to take a larger portion of the profits, and stakeholders are fighting tooth and nail to prevent that.
>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 mean, I’ve seen people working in retail make this same point. And I’m not saying either of you are invalid in your claim, thats just how work is, it seems
Earlier quoted context omitted.
> 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.
If you want to spend 20 minutes talking about DNS, I'm going to ask a lot of follow-up questions throughout the process, not fail you for not meeting a rubric or magic list of buzzwords. My goal will be to see how deep your knowledge on a particular piece of technology is, especially for a security role.
The problem here isn't the question; the question is a tool. The problem is that the interviewer isn't using the tool appropriately.
(Note: I don't choose these questions, the team I work for did. I follow a script, and it includes questions like this. But the script also contains a reminder for how to use the damn question.)
Earlier quoted context omitted.
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! :)
People have been telling me IT was a bad field to go into since I was in high school in the early 2000s. India and outsourcing is going to take your job, don’t go into IT. 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 I…
>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…
Grind leetcode that's it?? All I have to do is ace every leetcode problem and I get a 20% raise every year?!
I personally wish there is a healthier supply of modern housing in these attractive workplaces. Places like SF/NY/LA has atrocious rent and that’s okay if housing quality on average is okay but a lot of these buildings are 100+ years old, barely maintained or a new cash grab apartment complex that’s marketed as luxurious but look an inch deeper and you could tell these developers hardly spent time nor money knowing t…
Because real estate development is capital-intensive on a fairly unique scale and it's very easy even for good developers to go under. It also doesn't scale in the same way because builders are subject to all of the tax and regulatory implications of each market they're in.
They go bankrupt all the time due to market forces outside of their control. Just look at the price of lumber over the last couple of years. Markets can move more quickly than builders can react because big projects can take years and building supplies can double in price in a matter of months.
> I want to be able to stick to one amazing developer for a consistent experience across multiple markets especially now that remote work is becoming a permanent option for multiple developers.
I don't how realistic a vision this is because it's not like developers that dominate a market are inherently incentivized to do good work. In fact, demand is so crazy for builders that getting good work done at all is becoming harder and harder.
A solid article, but it should have commented on single family home prices. If you use the 3x salary rule, a $120k a year techie couldn't afford the median home price in America ($374k). A software engineer in San Francisco would have to make $526k a year in cold hard cash to reasonably afford the median single family home ($1.58 million). Talking about six figure salaries as if they are unquestionably upper-middle c…
Why would a single person need to buy a 3 bedroom home (the median American home size)? A household with two $120k earners can very comfortably afford a $1 million home at current mortgage rates.
Unfortunately I sold said home at the beginning of 2019 and have watched it essentially double in value over the last two years.