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How Silicon Valley CEOs conspired to drive down tech engineer wages

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Re: How Silicon Valley CEOs conspired to drive down tech engineer wages

#121

Earlier quoted context omitted.

why? what makes you think you aren't worth 10 times that?

How do I properly quantify exactly how much value I'm adding to the company I work for and the world to possibly determine how much I'm precisely worth?

You're almost there...

Now apply this to the implication that these sv companies did not depress engineer wages.

Re: How Silicon Valley CEOs conspired to drive down tech engineer wages

#122

The typical response I hear to the idea of more widespread labor unions or AMA-like professional associations for programmers and network/systems/storage/database administrators is that if someone is really talented, they can negotiate a good salary, and that labor organizing together would just protect the lazy and the slackers. You hear this same thing when someone is lowballed a salary number, or has to put up wit…

As a H1-B myself, I think I'm pretty much a modern-day slave without the physical shackles. I hate going back to my home country and I love the intellectual, rational environment here. But I'm stuck with my current company until I get a green card which isn't bound to happen in the foreseeable future. I read his book on this and I agree with one of Matloff's points that H1-B should be solely for talent and I also agr…

I could have written this. You are my friend :)

Re: How Silicon Valley CEOs conspired to drive down tech engineer wages

#123

The typical response I hear to the idea of more widespread labor unions or AMA-like professional associations for programmers and network/systems/storage/database administrators is that if someone is really talented, they can negotiate a good salary, and that labor organizing together would just protect the lazy and the slackers. You hear this same thing when someone is lowballed a salary number, or has to put up wit…

> As if one person has any chance negotiating against a Fortune 500 company's HR department, legal department etc.

Of course, you do. Just vote with your feet.

Re: How Silicon Valley CEOs conspired to drive down tech engineer wages

#124
post #62

Earlier quoted context omitted.

The lawyers and doctors who get paid a whole lot are partners in a firm. It's not much different than founding a tech company.

Not really. A competent freelance developer in the valley will make $150-200/h. A competent lawyer (not a partner) in the valley will make $350+/h.

Please tell me how. I would be forever in your debt for this.

Re: How Silicon Valley CEOs conspired to drive down tech engineer wages

#125
post #7

As a programmer sure this annoys me, but I find it a bit disingenuous to tie it to growing societal inequality. Tech workers are definitely on the beneficiary side of the inequality gap, so I don't see how these conspiracies to indirectly keep tech workers salaries down to 2x to 5x of median American household income is really germane.

I strongly disagree that the average tech worker is on the "beneficiary side" of the inequality gap. This is a case of people looking around themselves and seeing they seem to be above average, and concluding that they are on the rich side. Reminds me of a ten-year-old article [1] that presented the remarkable finding that 39% of Americans believe they are or will one day be among the top 1%. It's certainly in the in…

The median income for Americans over 18 is $24,062[1].

You're correct that tech workers are still workers--they're not part of the ownership class--but they're the lucky workers who are benefiting from the shifts in the economy toward automation/software/knowledge work.

[1]: https://en.wikipedia.org/wiki/Personal_income_in_the_United_...

Re: How Silicon Valley CEOs conspired to drive down tech engineer wages

#126
post #62

Earlier quoted context omitted.

The lawyers and doctors who get paid a whole lot are partners in a firm. It's not much different than founding a tech company.

Not really. A competent freelance developer in the valley will make $150-200/h. A competent lawyer (not a partner) in the valley will make $350+/h.

I know lawyers who charge $1000+/hour. Name me one programmer who can do the same. Outsourcing has killed our industry in terms of monetary compensation

Re: How Silicon Valley CEOs conspired to drive down tech engineer wages

#127
post #62

Earlier quoted context omitted.

Not really. A competent freelance developer in the valley will make $150-200/h. A competent lawyer (not a partner) in the valley will make $350+/h.

What happened to the news in the past year or so about the large glut of lawyers in America, having to work for relative peanuts because of supply outpacing demand? Has the valley somehow managed to keep them out? Or is it that specialized lawyers can make $350+/hr? In which case developers with certain specialities can make that much as well.

You can hire a bar-admitted lawyer for $20/hour, yet some firms bill first year associates at almost $400/hour. The corporate service professions (law, finance, accounting, and consulting) have a self-regulating labor supply. A professional without hands on experience is not valuable to corporate clients, and hands on experience can only be acquired in the context of real litigation/deals/audits/etc. If demand grows, firms need to train and hire more people, and supply grows. I demand stops growing, as happened after the 2008 recession, firms cut back training and hiring to replacement levels, and supply stabilizes. That circumstance is unfortunate for the people who want jobs in corporate law/finance/accounting/consulting that can't get them, but limits the degree to which changes in demand affect the price of services.

Re: How Silicon Valley CEOs conspired to drive down tech engineer wages

#128
post #24

Earlier quoted context omitted.

This is where he crosses the asshole line over to scumbag and crook territory. I say this as someone who respects Jobs deeply for his product vision.

He has always been there. "Jobs told him that Atari gave them only $700 (instead of the offered $5,000), and that Wozniak's share was thus $350. Wozniak did not learn about the actual bonus until ten years later, but said that if Jobs had told him about it and had said he needed the money, Wozniak would have given it to him." http://en.wikipedia.org/wiki/Steve_Wozniak

Woz is someone who is straight out of fairytales. I wish I had a friend like him.

Re: How Silicon Valley CEOs conspired to drive down tech engineer wages

#129
post #26

Engineers should make more money than what they are making now. The largest number I heard lately is $240k for a data scientist from Apple. That's too low! That person can make Siri better and make millions for Apple. Why aren't we getting paid like lawyers? If they win $20M they will get paid at least $2M. But if we make a product that generates $20M profit, at best we get $20K bonus. This has to change!

The lawyers and doctors who get paid a whole lot are partners in a firm. It's not much different than founding a tech company.

It's also different in that there is a very well-defined path to becoming one of these partners from the associate level. All the people above you are also lawyers. There are usually 8 clear levels of associate and then you become partner if you are competent and make 7 figures.

As an engineer, there is no such clear path. Most engineers end up working for 8 years and at the end are only making 150-250k if they are competent. Even if you make it to the management/architect level, you are looking at 250-400k.

Software Engineers are sadly not compensated fairly for the massive value they add to the economy. That's the bottom line. We need to work together to change it.

Re: How Silicon Valley CEOs conspired to drive down tech engineer wages

#130
post #62

Earlier quoted context omitted.

The lawyers and doctors who get paid a whole lot are partners in a firm. It's not much different than founding a tech company.

Not really. A competent freelance developer in the valley will make $150-200/h. A competent lawyer (not a partner) in the valley will make $350+/h.

Might it be related to the fact that becoming a lawyer requires a heck of a lot more training and schooling than a programmer?
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