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Wait a minute, it is straight up crazy to suggest that most engineers get paid less than 0.01% of the value they create. If you make $100,000/year, in order fo
by aetherson 10y ago
Wait a minute, it is straight up crazy to suggest that most engineers get paid less than 0.01% of the value they create. If you make $100,000/year, in order for that to be 0.01% of the value you create, you'd need to create $1 billion in value.
You're off by like dead minimum two orders of magnitude, and probably more than three.
- chii 10y agoTurning that around, a CEO is paid 100mil/yr, is he creating more than that in value?
- Bartweiss 10y agoIt's an interesting question to look at job and calculate how much value it would need to create per day or per hour to "outperform" the salary. Certainly it's a good benchmark in cases like this, where lone engineers are obviously not producing large-multiples of the value of their entire company. At a guess most engineers are getting paid >10% of their value created, and some jobs (a crappy CEO, perhaps?) are getting paid >100% of that value. In fact, I'm not even sure that >100% of value means anything is wrong if someone is undertaking a high-risk job.