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That is the nature of business, those salaries are not distorted, they're what's in demand. Those companies pay that because they must to capture the amount of
by gnaritas 11y ago
That is the nature of business, those salaries are not distorted, they're what's in demand. Those companies pay that because they must to capture the amount of dev supply they require. If they blow up because they can't afford to maintain it, it'll correct the situation and release some supply back into the market. Salaries are high because supply is low, not because there's too much easy money.
- vonmoltke 11y agoSupply of developers that meet the high (whether justified or not) bar of those companies is low.
- x0x0 11y agoNot at all. Supply of developers that both meet the high bar and are willing to accept poorer economic futures (see eg housing costs that have doubled in the last 5 years, expensive childcare, etc) is low. My experienced mid-career engineering peers keep moving to Austin, Seattle, and various cities in the midwest because being able to get a house for $300k, $500k, or $250k, respectively, massively changes their financial outcomes.