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Tech is experiencing probably the biggest boom we've ever witnessed. What we're experiencing completely blows away the dot-com bubble. If you need to trade you
by fucking_tragedy 8y ago
Tech is experiencing probably the biggest boom we've ever witnessed. What we're experiencing completely blows away the dot-com bubble.
If you need to trade your labor in order to keep a roof over your head, you are in the same boat as any other person who needs to do the same, no matter the sector or role. The overall trend for labor has been that of stagnation, undercutting via contracting and outsourcing, and replacement.
Companies at the forefront of our industry have colluded to keep engineer compensation artificially low. They were prosecuted for it and lost[1]. Some of those involved who colluded to keep engineer pay low were Google, Apple, Intuit, Pixar, Adobe and Lucasfilm.
At the end of the day, monied interests are actively trying to ensure that you are paid as little as possible for the work you produce. Your fear is not unfounded.
Such a predicament raises questions: What can we, as laborers, do about it? Well, if we look at history, unions were successful at winning things that we all enjoy, like the 40 hour work week and the weekend. Perhaps tech is due for a renewed interested in unionization or guilds.
[1] https://en.wikipedia.org/wiki/High-Tech_Employee_Antitrust_Litigation https://en.wikipedia.org/wiki/High-Tech_Employee_Antitrust_L...
- farisjarrah 8y agoI always wondered about this... What if those big tech giants such as Facebook, Microsoft and Google are pushing coding bootcamps and coding education at such a young age in order to dramatically reduce labor costs in like the next 10-20 years.
- thatoneuser 8y agoOh there's zero question that what they're doing. They are greedy and they aren't satisfied with the amount they have.
- mrfusion 8y agoBiggest boom we’ve ever witnessed and we still accept demeaning interviews ...
- fucking_tragedy 8y agoThat's more of a testament to the general worker's rights climate in America than it is of the tech boom itself.
- samfisher83 8y agodot com boom was pretty big. A lot of people who could barely program were getting big money. The nasdaq was at 5000 when the cash flow couldn't justify it. There was a bust and I am sure it will happen again. History is cyclical. Facebook, google, apple etc. will be fine because they generate so much cash. They can afford to pay people 300k. I don't see how companies like Uber and Lyft which generate no cash can afford to pay similar salaries.