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There are very good reasons why developer compensation has swelled to the levels that we are seeing today. Technology firms have grown astronomically. They’ve
by pm90 5y ago
There are very good reasons why developer compensation has swelled to the levels that we are seeing today.
Technology firms have grown astronomically. They’ve also built processes and systems to onboard new developers and enable them to generate a lot of value. Developers are being compensated higher to reflect the efficiency gains made my technology firms.
Is it unfortunate that firms that are unable to generate that much value suddenly can’t hire developers? Must be for those firms.
But there’s nothing wrong with compensation growing astronomically and nothing moral in it being low.
- trhway 5y agoabsolutely. Google generates $1.5M/employee/year in a high margin business. Considering that the engineers is the main revenue producing asset it is not surprising that Google pays $600K+/year to the best engineers they can get to continue generate those $1.5M. >Is it unfortunate that firms that are unable to generate that much value suddenly can’t hire developers? Must be for those firms. yep. Our BigCo generates paltry $350K/employee/year. Looking at our salaries - we're relatively cheap engineers, and the company wastes our time in a myriad ways, and it is no wonder that we can't hire anybody here really - one can say we do experience the shortage of engineers. In SV we regularly lose people (who get 2-3X increases at new places, and only morons like me (even when i got an offer from Google it was just L5 and a very low one, basically just a match of what i have here) are still sitting here), and we're able to hire only in cheap remote locations.