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

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

#431
post #411

Earlier quoted context omitted.

Good thing there are such things as remote jobs…

But you're not going to get paid SV salaries working remotely (yes, I work remotely because living in CA is not appealing to me).

I work for BigTech remotely. My comp may be about 10% lower than the equivalent position on the west coast according to the internal “anonymous” compensation sharing Slack channel.

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

#433
post #294

Earlier quoted context omitted.

Nowhere does my post indicate that I think I'm the "sole reason" the company makes any money. We are all just cogs in the machine. But, as with anyone who makes the product, we are a huge part of the reason the company is in business and it would be nice if management would stop looking down at us. Maybe they should be looking up to us instead. (And if you disagree, read into the tone of the article.... "techies"???…

> But they don't make the product Not sure how important that is, though. Often the product gets sold despite of the product, thanks to marketing, operations, logistics, sales, support, legal and management (product/project). Genuinely curious but do you consider product/project management to also 'be making the product'?

If their project is said product, then yes; because they are, in a way, architecting the final deliverable. And that recognition goes up the chain, in an increasingly diluted form, until it reaches the top.

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

#434
post #422

Earlier quoted context omitted.

So the UK is taxed lower than California? And we have more public services? What do they spend it on?

Mainly military budget if you google it. A common American complaint is "subsidizing" European defense off of our tax dollars. America is also a big spread out place so maintaining it is more expensive than small Euro countries. On my first point, I think we get a rather strategic advantage from being the "Western" police. However I'm just explaining a common critique you'll hear.

This is why NATO countries need to work harder to meet the 2% defense investment guideline. US citizens are basically paying for the safety of everyone else.

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

#435

Earlier quoted context omitted.

Is your work in tech supposed to hold a sacred scalar linear multiple of the average labor cost ( read: salary of people who produce food and goods) of life’s necessities? So many entitled people arguing for an economic caste system… Arguing that your wage should always match or beat inflation is arguing for defacto permanent income inequality. You’re literally saying your work is always the same amount more valuable…

"So many entitled people arguing for an economic caste system…" I don't see that anywhere in my argument. "Arguing that your wage should always match or beat inflation is arguing for defacto permanent income inequality." Do you have an alternative approach? I have not heard any mainstream argument for setting all salaries/wages to be equal. You have to define income inequality and then determine what level of inequal…

I'm saying that if you give everyone a raise matching inflation (all things being equal), the people's wages who rose naturally (and contributed to CPI by virtue of raising labor cost of goods) are no better off than they were before.

My software engineering salary buying less of car/house/food than it did last year is a reflection (in an abstract sense) that my total share of "value" is relatively smaller by comparison to the factory worker, farmer, etc.

In other words: the economy is putting more of a premium on people who make things that everyone buys than it did the year prior. My take is that this is totally ok. The value of goods, services, and labor relative to one another change over time. Raising my salary in precise lockstep with the increase in cost of goods will only lead (indirectly) to more inflation.

Put another way: The company isn't compensating you in Abstract Adjusted-for-Buying-Power Compensation Units. They aren't guaranteeing your work entitles you to the same lifestyle every year, year after year.

They're compensating you in dollars. If your best argument for an 11% raise is that "stuff is more expensive", it's a lot less convincing than "I'm 11% more productive".

It sucks that things are more expensive, but if the alternative is freezing everyone's relative buying power where it's at right now, I'd prefer not to do so. Because I think that people growing my food and making things in factories deserve to get ahead, but in order for that to happen, (all things being equal, even if you drove profits and executive pay down to some "acceptable" level) costs of things might have to increase.

All that is a super abstract and hand-wavy argument ignoring really important factors over the past several decades. Now of course, the reality of the situation is that a lot of productivity increase went straight to the top instead of improving compensation. But wage-inflation for all doesn't solve that.

But in my abstract hypothetical scenario: - where the only relevant factors to CPI are labor cost - and we've effectively max'd out productivity per worker - so wage increases aren't offset by output

then I'll take increase costs relative to my personal lifestyle if it means less people with essential jobs living paycheck to paycheck. I don't want everyone on the same salary, but in a scenario where vampire squids aren't sucking all excess wealth out of the system, I'm ok with my tech salary being relatively closer to farmers and factory workers. (or really arriving at whatever unmolested market price makes sense)

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

#436
post #416

Earlier quoted context omitted.

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.

I have to post this every time we talk about salary and Europeans get in on the convo. This forum is absolutely DOMINATED by SF/LA/Seattle SWEs. Their cost of living is extremely high and their salaries are extremely high. The US is huge. I work in the Southeast. Where I'm working Junior SWEs start around 60k. Mid Level Start Around 75k. Senior start around 95k. Manager/Our new "Super Senior" level start around 120k.…

I think you are misrepresenting in the other direction (ie posting salaries that are unrepresentative in the low direction).

Just out of a job hunt and had two offers in Atlanta, one in person with a TC of $180k and one fully remote with a TC of $235k. This is with 2 YoE

The costs you post also seem really high. Atlanta United tickets are $35 for the cheapest, food/drink is around $25 total. I generally would take transit or uber into games but I see parking for $10-20 within a half mile. I'm not as familiar with housing costs but a few quick searches show 3 bed/2 bath in decent neighborhoods for around $500k, and to be within an hour of Atlanta is definitely doable for less.

I think Atlanta is fairly high CoL for the Southeast and still find the expenses to be less than you're claiming

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

#437
post #416

Earlier quoted context omitted.

I have to post this every time we talk about salary and Europeans get in on the convo. This forum is absolutely DOMINATED by SF/LA/Seattle SWEs. Their cost of living is extremely high and their salaries are extremely high. The US is huge. I work in the Southeast. Where I'm working Junior SWEs start around 60k. Mid Level Start Around 75k. Senior start around 95k. Manager/Our new "Super Senior" level start around 120k.…

I think you are misrepresenting in the other direction (ie posting salaries that are unrepresentative in the low direction). Just out of a job hunt and had two offers in Atlanta, one in person with a TC of $180k and one fully remote with a TC of $235k. This is with 2 YoE The costs you post also seem really high. Atlanta United tickets are $35 for the cheapest, food/drink is around $25 total. I generally would take tr…

I'm in Nashville. Our salaries seem to be the same or lower than ATL and our cost of living is for sure higher. I think we are getting a bad deal here compared to ATL.

It's possible that I am hilariously underpaid and need a new job.

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

#438
post #411

Earlier quoted context omitted.

Good thing there are such things as remote jobs…

But you're not going to get paid SV salaries working remotely (yes, I work remotely because living in CA is not appealing to me).

I do and so does my whole team. I live in Seattle but a lot of our guys are in the south making six figure salaries. Not being paid the average salary seems to be fud I’ve heard from anti-remote people.

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

#439
post #411

Earlier quoted context omitted.

But you're not going to get paid SV salaries working remotely (yes, I work remotely because living in CA is not appealing to me).

I do and so does my whole team. I live in Seattle but a lot of our guys are in the south making six figure salaries. Not being paid the average salary seems to be fud I’ve heard from anti-remote people.

By “in the south making six figure salaries” do you mean $300k on 4 YOE?

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

#440

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…

Your example is not actually that crazy at FAANG level companies. I know a lot of people in their early 30's that are L6 or even L7 at big tech companies, maybe they've changed jobs every 2 years on average in their career which is well under 9 times, and those level of roles have a total comp of 500k-750k/yr. With a 4-year stock grant and some luck on the stock performance in that time, that can turn into well over…

I've also seen people get to L7 or equivalent by age 30, and they have done it by being phenomenal engineers who quickly produce great results of impressive scope. I'm skeptical that a median engineer can get to L7 by just job-hopping a few times getting promoted each time. If nothing else, organizations just don't need more than a small percent of their people doing L7 level work.
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