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True, if big. Anyone could write up such a Blind post. And when it comes to anonymously bragging via lies on the internet, there is no shortage of prior art.
by ken47 9y ago
True, if big.
Anyone could write up such a Blind post. And when it comes to anonymously bragging via lies on the internet, there is no shortage of prior art.
To be fair, I wouldn't be surprised if the growth rate of engineering applications to these bigcos has declined over the past few years. A decline in the supply of candidates relative to demand, among other factors, could lead to an increase in compensation per offer.
That being said, I'm still leaning towards this post being BS.
- richardknop 9y agoBut you get these posts on HN quite often with similar numbers. I'd assume all of them are not lying or using fake data to brag. If only some of them are telling the truth then the numbers are real which is why I tend to believe them.
- adventured 9y agoThe only thing about the post that seems off, is the experience level that's generating that income. It could happen though, it's not implausible. The income figures stand-alone are not abnormal for someone with several more years of experience. We're looking at maybe 3.7% type U3 unemployment in 2018. The Fed's GDP Nowcast figure is projecting nearly 4% growth for the fourth quarter. Throw on corp tax cuts and possibly infrastructure spending in 2018, and the US economy might expand at something like 3.5% for all of 2018. There's a massive hiring rush going on around things like artificial intelligence, that is vacuuming up immense amounts of engineering talent (depleting the total pool for everything else). These salaries might get crazier yet.
- richardknop 9y agoWhich is good for us (software engineers). I have noticed the same thing in Europe. Even though it's nowhere near Silicon Valley, I have noticed salaries in London rising faster than they used before. So there's definitely shortage of talent and market (supply / demand) seems to be reacting to this and driving salaries up.
- adventured 9y agoDefinitely. Incomes and growth are starting to pick-up in Europe and Japan (finally) as well. Much of the globe is in sync on this expansion. I'm not sure if that means we're getting close to the next recession pull-back, or if the global economy is finally fully pulling out of the great recession era. There are some indicators aggressively pointing both ways right now. I'd like to see it continue for a while yet just so workers can see a meaningful net wage gain vs 10-15 years ago. At least in the US, corporations can afford to give up some margin due to a tight labor market, given the profit boom over the last decade (plus the inbound corp tax cuts).
- richardknop 9y agoI hope Japan finally gets a break. They have been in a stagnation for such a long time and it had to be really tough for young people. There is already a sizable lost generation, Japan really needs to get some growth going so the new generation gets some economic boost (and is able to afford to raise a family) and doesn't become second lost generation in a row. That would be really bad.
- ken47 9y agoI disagree with this line of reasoning, because exaggerated numbers are more likely to be make it to the front page of HN. In fact, the optimal lie (wrt the probability of it being upvoted) contains compensation claims that are just on the border of unbelievable. If such claims were non-anonymous, they'd carry much more weight.
- akhilcacharya 9y agoNot BS at all. Just negotiation and being good at interviewing.