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I meet a number of people at Apple in this category (i.e 20-30 years + experience). At a certain point salary tends to flatten out unless you go into management
by htormey 9y ago
I meet a number of people at Apple in this category (i.e 20-30 years + experience). At a certain point salary tends to flatten out unless you go into management or do something incredibly specialized.
- pm90 9y agoWhy do these engineers not switch jobs? Wouldn't inflation actually reduce what they are earning if their salaries do flatten out?
- albertgoeswoof 9y agoSwitch to where? There are hardly any 6 figure professions out there that don’t require a significant amount of training and sacrifice in the early years.
- meebs 9y agoIf you rode the economy the past few years and are good enough to be considered value at $BigTech for twenty years, you have enough of a nest egg to... not work. At least that is what I'd do.
- lloyd-christmas 9y agoThis isn't unique to tech. My father has almost 40 years in medicine and his salary hasn't gone up beyond inflation/cost of living in at least 20 years.
- htormey 9y agoI worked on the core audio team. It’s kind of hard to find another company that pays as well as Apple where you get to continue doing that kind of work. The only other companies I can think of are either lab126 (Amazon) or google. Lab126 doesn’t pay as well as Apple. Also, apples 401k match and internal stock discounts are amazing.
- user5994461 9y agoDoesn't matter. They lived in the golden age, they had a long time to buy their house when they were much more affordable. They have no renting problem. Not to mention that apple pays well and has good benefits, so they are not sacrificing anything by staying, quite the opposite.
- richardknop 9y agoBecause most of them can't. Only so many of senior engineers can become managers (because of obvious mathematics, management is a much smaller fraction of overall jobs available). Most of them get to a point their salaries flatten out and there isn't any advancement they can do. At that point that usually have paid off mortgage and kids so they are content just having better work life balance, doing 9-5 work & collecting their paycheck, not caring too much about advancing from that sweet spot.
- closeparen 9y agoI would honestly be fine with this, as long as the salary plateau was high enough to comfortably do all the upper-middle-class life things (homeownership, put kids through college, take a couple of vacations a year, etc). Trouble is, the current plateaus are still too low to even contemplate homeownership, unless you want to commit 2/3rds of your paycheck to housing costs.