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This is the sort of thing which was starting to happen with software engineers way back in the 1990s as the Internet started growing explosively. It was stoppe

This is the sort of thing which was starting to happen with software engineers way back in the 1990s as the Internet started growing explosively. It was stopped by the large tech companies engaging in illegal wage-fixing for years, setting the standard for software engineers being paid rates divorced from the value they create. Sure they got busted for it decades later, but by that point the danger was passed and astronomical profits assured.

macspoofing 9y ago
>It was stopped by the large tech companies engaging in illegal wage-fixing for years Also the dot.com crash ... Wasn't wage-fixing a Silicon Valley thing?
akhilcacharya 9y ago
I mean new grads still regularly make more than 180k at top tech companies...
- wishart_washy 9y ago
  This is an exaggeration. Total compensation for returning interns at FANG may approach 120k salary, with stock plans and bonus compensation that max out at 20k additional value per year. Even algorithmic trading or strats-quant positions rarely broach 140-150k for recent graduates.
  - akhilcacharya 9y ago
    For the first year, maxing out at 20 is incorrect if only for my own case at the A. Mine is closer to +40. At F it can be anywhere from +113 per year or more for converting interns and even better if you can negotiate at G, I’ve heard numbers going up to 200tc. This is just including signing, not year end which can be even more but I’m not as familiar with that at other companies. At least from my recollection, JS/2S base approach that but have very significant performance bonuses that easily match big tech.
- jcadam 9y ago
  Hmmm.... wonder if I could pass for a new grad. Would need to do something about this grey hair. And the wrinkles. And the attitude.
  - akhilcacharya 9y ago
    I mean, even lower-tier companies like Amazon pay that much for SDE2's these days. Its just a function of how much wages have gone up recently.
    - jcadam 9y ago
      Ah well, I'm making ~$140k (salary) here in Florida. The Nerd Wallet COL calculator says that's equivalent to ~$260k in San Francisco (or $210k in Seattle), so maybe I'm doing alright :)

macspoofing 9y ago

>It was stopped by the large tech companies engaging in illegal wage-fixing for years Also the dot.com crash ... Wasn't wage-fixing a Silicon Valley thing?

akhilcacharya 9y ago

I mean new grads still regularly make more than 180k at top tech companies...

wishart_washy 9y ago
This is an exaggeration. Total compensation for returning interns at FANG may approach 120k salary, with stock plans and bonus compensation that max out at 20k additional value per year. Even algorithmic trading or strats-quant positions rarely broach 140-150k for recent graduates.
- akhilcacharya 9y ago
  For the first year, maxing out at 20 is incorrect if only for my own case at the A. Mine is closer to +40. At F it can be anywhere from +113 per year or more for converting interns and even better if you can negotiate at G, I’ve heard numbers going up to 200tc. This is just including signing, not year end which can be even more but I’m not as familiar with that at other companies. At least from my recollection, JS/2S base approach that but have very significant performance bonuses that easily match big tech.
jcadam 9y ago
Hmmm.... wonder if I could pass for a new grad. Would need to do something about this grey hair. And the wrinkles. And the attitude.
- akhilcacharya 9y ago
  I mean, even lower-tier companies like Amazon pay that much for SDE2's these days. Its just a function of how much wages have gone up recently.
  - jcadam 9y ago
    Ah well, I'm making ~$140k (salary) here in Florida. The Nerd Wallet COL calculator says that's equivalent to ~$260k in San Francisco (or $210k in Seattle), so maybe I'm doing alright :)