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Tech workers demand high salaries despite hiring slowdown

www2.staffingindustry.com

71–80 of 105 posts

Re: Tech workers demand high salaries despite hiring slowdown

#71
post #63

What's interesting to me is that if you adjust the average salary in the 80's for inflation and productivity gains it'd be close to what (non-FAANG) devs make now. As in the "high salaries" of tech workers is just what average folks used to make relatively speaking previous decades.

Any source for that claim?

By simple observation, average single-income households were able to own a home and raise a family back then.

Re: Tech workers demand high salaries despite hiring slowdown

#73
post #30

Not just tech workers. 24 year old non-technical product managers at FAANG companies are demanding $190,000 salaries. As a European I wish more FAANG companies started hiring software engineers remotely. The only American companies that have offered me remote jobs with FAANG tier salaries were cryptobro startups.

Well, part of the deal for a lot of these salaries is that you work more hours than the EU allows.

Re: Tech workers demand high salaries despite hiring slowdown

#74
post #27

I've been casually looking for opportunities on linkedin, and for many of the roles I consider applying to there's >100 applicants according to the linkedin listing. That strikes me as exceptionally high vs. past years when I was shopping around.

Perhaps it's the same 100 people applying for every listing

Lol, look at this, this guy wants to be a principal and a Jr in out company. . .

Re: Tech workers demand high salaries despite hiring slowdown

#75
post #30

Not just tech workers. 24 year old non-technical product managers at FAANG companies are demanding $190,000 salaries. As a European I wish more FAANG companies started hiring software engineers remotely. The only American companies that have offered me remote jobs with FAANG tier salaries were cryptobro startups.

FAANG have many offices in Europe..

Do they pay European salaries in European offices? I imagine the answer to that question is, "yes." The appeal for a European to get an American FAANG position remotely is presumably to soak up some of that dramatically higher American tech salary. I'm not sure that's a reasonable expectation though, as most companies in my experience will adjust pay to scale to the employee's current location for remote roles.

Re: Tech workers demand high salaries despite hiring slowdown

#76
post #63

What's interesting to me is that if you adjust the average salary in the 80's for inflation and productivity gains it'd be close to what (non-FAANG) devs make now. As in the "high salaries" of tech workers is just what average folks used to make relatively speaking previous decades.

Any source for that claim?

There's plenty floating around. Thougn it's definitely debatable depending on how you define productivity.

1: https://www.epi.org/publication/charting-wage-stagnation/ 2: https://clockify.me/productivity-pay-gap

For me at least from family in construction work it's very clear. They made the same hourly wage in the 80's as many workers do now, despite how much more productive construction has gotten.

The second article has a good quote:

> Wages and productivity were not growing at a directly proportional pace, but for some industries, such as high-tech (especially nowadays), wages are proportional to productivity. It all depends on the choice of variables taken into account.

Re: Tech workers demand high salaries despite hiring slowdown

#77
post #36

Site is unusable from EU. The cookie consent popup has a freaking progress loading bar that reaches 100% after a few minutes only to say it failed to save your cookie preferences.

You’d think by now we’d have our browsers handle some kind of default cookie setting so we don’t have to deal with these annoying pop ups.

Highly recommend Adblock Browser, a fork of Firefox. I haven't seen a damn cookie popup in a long time.

Re: Tech workers demand high salaries despite hiring slowdown

#78
post #27

I've been casually looking for opportunities on linkedin, and for many of the roles I consider applying to there's >100 applicants according to the linkedin listing. That strikes me as exceptionally high vs. past years when I was shopping around.

Thats still low for say Switzerland, anytime, if offer is actually meaningful. Not saying 100 or 500 top notch experts are applying for every single one (but generally those are the numbers), but the competition has always been crazy and you had/have to deliver, have often solid local language skills, relevant schools, solid resume etc to be even considered by agencies. I talk about normal job offers, not top 1-2% of the market

Very much an employer's market since half of the world wants to move here.

Till I landed my first contract (which included additional work for employer on residence permit as new entrant) I applied cca 75x, had few interviews (and landed 2 offers at the same time). This was with 6 years of diverse experience in exactly what I was looking for there, studied on uni exactly this, knew languages.

Second job was much easier, agency and company wanted exactly me, but that was rather unique match.

Compared to Czech republic I moved there from, they were so desperate for seniors that even 10 years after resettling they kept bombarding me almost every day with offers to move back, immediate hires for senior positions and high (locally) salaries.

Re: Tech workers demand high salaries despite hiring slowdown

#79
post #36

Site is unusable from EU. The cookie consent popup has a freaking progress loading bar that reaches 100% after a few minutes only to say it failed to save your cookie preferences.

You’d think by now we’d have our browsers handle some kind of default cookie setting so we don’t have to deal with these annoying pop ups.

https://github.com/cavi-au/Consent-O-Matic

Re: Tech workers demand high salaries despite hiring slowdown

#80
post #27

I've been casually looking for opportunities on linkedin, and for many of the roles I consider applying to there's >100 applicants according to the linkedin listing. That strikes me as exceptionally high vs. past years when I was shopping around.

Total anecdata, but a ton of those seem to be agencies and freelancers from the usual outsourcing hubs overseas.
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