511–520 of 609 posts
I wonder how much of the effect is average vs. median. If you have a team of 10 people and you give a big raise to one of them, then the average will go up. But 9 out of 10 people will feel underpaid, because you did not give them a raise like their 1 teammate.
Earlier quoted context omitted.
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.
As someone who uses questions like this in interviews, the entire point of these kinds of questions is to see where the candidate takes you. 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, espec…
Opening with DNS, HTTPS, TCP, etc. could end up being a complete waste of time depending on what signals your looking for, what you're really asking, and your background. I'm curious how my responses would be interpreted by you as someone who's asked questions like this before?
Earlier quoted context omitted.
To be honest, I used to think developers in tech did well, then I worked with some really good sales people in tech and realized they're making WAY more on top free vacations and spiff (even more money) opportunities. It's night and day. We've heard about developers making upwards of 500K, I've seen sales people make triple on a single deal with similar deals lined up for following quarters. It is insane, and most de…
Sales pay scales are very bimodal. A handful of rock star people make incredible amounts of money, most just get by alright, and maybe a quarter drop out because they can't close enough. It can be very high pressure, and a significant factor in your own success is outside of your control (i.e. depends on your product/service actually being good). In a more civilized world they'd have higher bases across the board and…
>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…
Earlier quoted context omitted.
>"Stuck at 200K, and I doubt that's going to go up much because the layoffs have started and we're heading back into "lucky to have a job" territory." Where have there have the layoffs started? What evidence do you have that we are "heading back into 'lucky to have a job' territory"?
Were you around in 2008?
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…
> How come there isn’t a household name akin to Apple for apartment development? 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 th…
Real estate development is not nearly as advantaged by labor arbitrage.
In America you basically have to pay people American wages to develop housing. Not so for iPhones.
>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 overall economy inflation numbers are completely meaningless when cost of education, housing and healthcare has been skyrocketing for more than a decade, maybe even longer. The average worker, especially those with families, have seen their costs inflate much, much higher than 11% per year for quite some time.
Earlier quoted context omitted.
I should have provided these in my first comment: Median-income-to-house price by state : https://constructioncoverage.com/research/cities-with-highes... As you can see California is at a whopping 8.9x US overall: https://www.longtermtrends.net/home-price-median-annual-inco... Pushing 7x.
Damn, I completely misunderstood what you were saying, sorry! For some reason I was reading the comment that the average homebuyer is paying 8x their salary for a house. What you've been comparing are median incomes to sales prices. A useful indicator, but not capturing what people are actually paying - it is entirely possible the 'medians' are priced out, especially with such constrained supply. That makes me feel w…
Even though as you said it's "not capturing what people are actually paying" it's related, and still horrifying to me, as a measure of overall housing affordability. Esp when you look at places like vancouver, sydney, melbourne.... At 10x I cant understand how the market keeps going - how do home ownership rates stay so high? how are people affording these multiples? It just doesnt make sense to me how it can keep going. To your point this measure includes the people who cant afford to buy at all , but theres still enough ownership % overall that it doesnt add up to me.
Earlier quoted context omitted.
To be fair - you can get to staff and make $500k+/yr. After that - it’s very nebulous as to how you get higher up the ladder and doesn’t involve leetcode as much as it does political prowess and the right connections. So, I believe it is still possible but it is a very different skill set and does become difficult. Transitioning to management train sometimes is more efficient and then it’s a whole new skill set to pr…
You can make 500K+ as a senior engineer with competing offers - and you can get senior with 4 YoE out of college (bachelor's in a top 3 program) these days. No need to wait for staff. Source: My current nearly-concluded job search.
I'd rather us not use Stanford as a baseline even if the crowd is numerous and abundant on HN and SV.
Earlier quoted context omitted.
entry level jobs in software engineering at FAANG were over 120K about 10 years ago and that was already underpaid. California is a really expensive place to live long term and people generally do not do the math and do not account for child care, retirement, sickness or health issues or whatever. then there is the cost of (ongoing) education and issues of mental health in this industry. And those who think remote wi…
Now that I think about it, you're right. The entry level in SF & Peninsula 10+ years ago was 120k (except startups). Entry level hasn't increased with cost of living so that 120k isn't the same as 10 years ago. Senior pay has increased a little at around 200k-300k. Depending on equity value that might be 300k-500k total comp.