By what metrics are engineers the most babied in the world? Certainly by metrics of the Silicon Valley PR machine that pays them, would greatly prefer to pay them less, to blame them for the housing crisis, and to use as a debate piece for advocating for infinite H1Bs (but certainly not green cards - those employees have rights). But not by any real metric. Go walk around an open-office plan filled to the brim with p…
By what metrics? Job availability, for one. Can you provide an example of another profession where someone with 2-3 years of experience can quit their high-paying job and have recruiters calling the same day to entice them to a new one? Education requirement, for another. Your examples all require advanced degrees from prestigious schools, multiple years of low wage grunt work, and/or a proven track record before hit…
I don't know if there is actual widespread resentment towards coders. I doubt it (outside sf of course) but regardless, the desire take down people who have good jobs and salaries, rather than spread the wealth to all is just the worst of human nature.
Seriously? When the entire country has been forced to endure decades of stagnant wages, crippling debt, and the two major presidential candidates are a socialist and a fascist, you are surprised that people want the most babied, prima donna group of workers to ever walk the earth to get their comeuppance? An entire group of engineers who complain about 6 figure salaries and how hard it is to live on them? I'm one of…
Actually with the cost of living and rate of taxation for singles in California it actually is difficult to live off 6 figures. Hollywood talent who actually generate much less wealth than we do get residual income, I live in a studio apartment off 6 figures but my friends who work as hollywood creatives generate far less profit but because of their strong unions are able to buy homes in Los Angeles.
I have an extremely hard time believing that living on six figures is difficult when I manage easily at <$50k. Yes, in the SF Bay Area.
Think of the customers. The lead company in the article, Practice Fusion, is an electronic medical records service for medical practices. With their system, everything is on Practice Fusion's servers; the local equipment is just a web browser. If the company ceases operation, they can export patient charts in CCDA format (which other medical records services are supposed to accept). But the office records for billing…
Yeah, that's why we've been saying "Don't put everything in the cloud" for the past decade.
This. As a consumer and professional I've become progressively more resistant to putting anything in the cloud for fear that any service I use and value will be 1) acquired and closed, or 2) go out of business. Any platform we use in the cloud is an investment...learning how to use it effectively, transitioning all our related content to it, etc...so when they go down it's often non-trivial to find an alternative and adopt it. The transition costs can add up. I think the reality is that people (consumers and businesses) will spend a lot more time and effort vetting new apps and platforms before investing in them as users. This means that new startups will need some serious legs and a way of explicitly addressing these underlying concerns. They may have to put aside a large chunk of capital just to be able to say explicitly that they have an operational five year or ten year plan. Otherwise users like me won't use the next cool thing because the odds are very good it won't last even a year. Part of the value of the really big successes like Salesforce is that they are clearly not going anywhere. Where I work we've invested in using a machine learning model deployment service which makes it relatively easy to expose our models as API endpoints, but since it's a product offered by a startup I know I'm hyper aware it could shut down any day out of the blue. If that were to happen we'd have to find another service to transition to, trial their product, and adapt all our stuff to it (potentially lots of new code to write and lots of learning how to use their platform effectively). It'd literally set us back months. Yes, potentially good for my job security, but who wants to fiddle with that kind of stuff. I want to move forward, not back or sideways. So yeah, the startup world needs to come to grips with this. I suppose what we might see in the future is a lot less VC funded startups, and a lot more bootstrapped startups which organically grow much more slowly. But even these startups will need to buckle up for a much longer growth trajectory because they'll have to overcome the idea that they might just shutdown.
Seriously? When the entire country has been forced to endure decades of stagnant wages, crippling debt, and the two major presidential candidates are a socialist and a fascist, you are surprised that people want the most babied, prima donna group of workers to ever walk the earth to get their comeuppance? An entire group of engineers who complain about 6 figure salaries and how hard it is to live on them? I'm one of…
Couldn't have said it better for the most part. I think, though this isn't a bubble, the land of fairytales and unicorns (i.e. Silicon Valley) is finally coming to terms with the economic reality that the rest of entrepreneurs in the U.S. live in. It was inevitable at some point for this to happen - just look at railroad technologies in the 1870's and dozens of other examples since then. The internet, and associated…
trump is an opportunist and a douchebag, but not a fascist. Sanders might be left-wing but far from socialist by any non-us standard. Left wing in the US is at most "center" by EU or some other countries.
The funny part is that Phenomenal Fridays weren't that good. Ryan would get up and spew words at everyone and make fun of his son and his dog would piss on the rug.
Far better examples of companies who got indulgences right. PF sorta sucked as a corporate culture. To be COMPLETELY frank, it is probably better off now.
Actually with the cost of living and rate of taxation for singles in California it actually is difficult to live off 6 figures. Hollywood talent who actually generate much less wealth than we do get residual income, I live in a studio apartment off 6 figures but my friends who work as hollywood creatives generate far less profit but because of their strong unions are able to buy homes in Los Angeles.
I have an extremely hard time believing that living on six figures is difficult when I manage easily at <$50k. Yes, in the SF Bay Area.
What people mean is "it's tough to live an upper-middle class life in SF on six figures".
In addition to widespread tech worker antipathy, people expect history to rhyme. People know what a tech bubble story sounds like, and they'll buy tickets for the sequel. Eventually everyone will realize that it's not a tech bubble, it's an asset bubble that was intentionally inflated to buy us time to prevent a depression, but we didn't do much with the time. http://www.federalreserve.gov/newsevents/speech/bernanke2…
> Eventually everyone will realize that it's not a tech bubble, it's an asset bubble that was intentionally inflated to buy us time to prevent a depression, but we didn't do much with the time. Seriously. Overlay the S&P 500 over that graph of "Median valuation of U.S. startups". They look mighty similar.
This just isn't true. You can see the Reuters VC index is up around 300% since the sector got flooded w capital.