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This seems to be regularly happening in "passion" fields like human space flight, or bleeding edge tech spaces like self driving cars, medical technology, etc.
by itsgrimetime 7y ago
This seems to be regularly happening in "passion" fields like human space flight, or bleeding edge tech spaces like self driving cars, medical technology, etc. For an example, just look at salaries between places like SpaceX, Blue Origin, or Virgin Galactic where total comp for a software engineer is between ~100-140K vs any FAANG company where equivalent experience will pull in upwards of ~200K TC. The disparity is even larger for non-software roles (EE, HDE, ME). I acknowledge that there are more than likely other forces here, but I highly doubt that the labor supply for these specialized skills is higher than that for general software engineering. Perhaps this is a place where unionization could be helpful.
- justfor1comment 7y agoWhen you can't offer salaries, offer them dreams.
- WhompingWindows 7y agoYou've mentioned fields that are more to do with hardware and physical/scientific innovation, like SDC's using all sorts of different sensors/predictive modeling, rockets that use physics/materials science/sensors, medical tech which draws heavily from many diff STEM fields. R&D in these fields is expensive and riskier than FAANG companies who use advertising/privacy exploitation to squeeze profits from the masses of users. IMO, we need to create an economic/regulatory environment which more heavily penalizes/taxes those negative aspects of ads/social media while pouring more into R&D in the sciences.