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Maybe it's the other way around: due to increased supply, total package of FAANG engineers will drop. That's not necessarily a bad thing though. We've been enjo
by hintymad 6y ago
Maybe it's the other way around: due to increased supply, total package of FAANG engineers will drop. That's not necessarily a bad thing though. We've been enjoying unprecedented packages for many years. It may be a good time to distribute some of the wealth to other parts of the country.
- austinheap 6y agoFAANG total comp -- today -- is at a record high and well outpacing every other vertical.
- schkkd 6y agoThere's no wealth there. All Google employees get something like 25 billions a year. The US budget is measured in trillions and to cover up just this recession alone, Fed created 6 trillions, or 240 years worth of wages for those employees. Do I need to say that in ten years there will be another recession, where Fed will create 20 trillions?