Earlier quoted context omitted.
>>> many developers by their mid-30's are sitting on a million+ in assets and good ones can rake in 200K+ easy. What !!! Edit: I did return to tone down my reaction but I would be interested in any (evidence based) research on the pay scales in and out of SV. I understand it is only the very top tech (FAANG) that pay so highly and mostly though share options. It's not like that in Europe I am afraid. But even so, if…
GP definitely lives in a SV/US bubble. Here in Europe I know devs in high CoL areas having less than a thousand Euros left at the end of the month. Having millions in assets is fantasy for us unless you won some crypto/stock gambles.
It's not SV, it's the US. 200k is easily achievable for a senior engineer anywhere in the US with the rise in wfh.
But what percent of software engineering jobs are in the US? It's not really a bubble if it's the majority of software positions.
Reminds me of Dijkstra's "On the fact that the Atlantic Ocean has two sides" followed by Alan Kay's rebuttal "On the fact that most software is written on one side of the Atlantic Ocean."
Sure developers in the EU get paid less, developers in Mobile Alabama working locally also probably get paid less, but most developers aren't in these areas.
I also know plenty of EU citizens working for US companies making 200k+ remotely, so it's not like these positions are closed off from people residing in the EU.
Even Dijkstra eventually ended up at UT Austin.