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> "Market rate" is basically the median negotiated salary for similar roles. Ok, then most FAANG engineers are far above the market rate. If they unionized the
by twblalock 6y ago
> "Market rate" is basically the median negotiated salary for similar roles.
Ok, then most FAANG engineers are far above the market rate. If they unionized they would probably lose money when the union tries to level everyone out.
- onion2k 6y agoThis is another problem with using the market rate to drive salary expectations. Roles aren't the same between companies even if titles or grades are. Basing a salary on what other companies pay "Developer L5" assumes that "Developer L5" is the same job everywhere, and it really isn't. We all know people at companies that give devs 'lesser' titles (and lower wages) and then expect the person to do the work of the higher title role.