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I don't see how this is a matter of compensation. Companies want to hire the best engineers. Your friends seem to not fit that bill. If there is no pool of good

by jupp0r 6y ago

I don't see how this is a matter of compensation. Companies want to hire the best engineers. Your friends seem to not fit that bill. If there is no pool of good engineers, companies will look elsewhere. I don't see the scenario where less competition is helping anybody here. Your friends should work on their skills.

unishark 6y ago
Seems none of the responses to your question was a true enough scotsman. Hiring isn't a competition to find the smartest candidate, silly Google interviews notwithstanding. Companies want the "good enough" candidate they can get for the least pay. Otherwise all job ads would express a preference for principal engineers with doctorates, instead of the opposite which is far more common. So yes competition drives down pay, it doesn't drive up everyone's skills.