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It's generalizable and something I'm confused they don't teach kids in career counseling. Max(salary) = unit_value * number_of_units_impacted Software generat
by ethbro 7y ago
It's generalizable and something I'm confused they don't teach kids in career counseling.
Max(salary) = unit_value * number_of_units_impacted
Software generates a high ceiling because number of units impacted can be huge, so unit value can be low.
In contrast, you can only pay teachers / doctors / firefighters / police officers so much, because their number of units impacted has a fundamental cap (the number of people they can physically interact with in a given day).
Which is... unfortunate. Because (IMHO) they deliver a lot more value to society, and work harder, than I do.
- WrtCdEvrydy 7y agoBullshit Jobs includes an interesting section about the IT professions saying that 'noone wants to pay to develop a database that is amazing, but people will pay millions to someone who increases clickthrough on an ad of even a 0.1%.'
- pmiller2 7y agoCongratulations. You just discovered the Baumol effect: https://en.wikipedia.org/wiki/Baumol%27s_cost_disease https://en.wikipedia.org/wiki/Baumol%27s_cost_disease
- ethbro 7y agoHmm. I'd need to see some research to believe that's happening. It seems like non-software folks are getting paid the same, leading to wider inequality.