3 ms·

> 220 is a wage at the upper end of what can be typically made by the time your 30 if you’ve chosen the right careers. This is typically true if you work for a

> 220 is a wage at the upper end of what can be typically made by the time your 30 if you’ve chosen the right careers. This is typically true if you work for a fang. These insane salaries rarely exist anywhere else.

joshmn 5y ago
I’ll offer a slight disagreement. They are more common than you think, and you don’t need to be exceptional to receive such a package. Positioning your strengths during negotiation is helpful. Knowing the market and laying out what you (presumably a developer) bring to the table goes a long way.
jandrewrogers 5y ago
It is more common than you might expect across industries if you are good at what you do. I know a biz dev person at a mediocre book publisher that earns that much and they’ve worked remote much of their career.
- lumost 5y ago
  It's not an uncommon salary - but its not typical as of 2021. The individuals with this compensation are typically either experienced, or educated in a remunerative field (including comp sci grads). A society that sets the bar for home ownership at this level is going to have trouble, in an inflationary environment home ownership completely changes the savings rate for an individual as inflation eats away at the mortgage payment. By the time 30 years is up and the individual owns the home, they benefit from massively reduced housing costs into their retirement. If instead these individuals are renting into their 30s/40s/50s they won't have the cash flow to backstop their retirement, fund college, create businesses, or other activities that result from capital accumulation. What's worse is that a larger fraction of the eventual benefits that these individuals require will be paid into rent on properties that are likely owned by investment banks and others whose borrowing power is unconstrained.

3 ms·

> 220 is a wage at the upper end of what can be typically made by the time your 30 if you’ve chosen the right careers. This is typically true if you work for a

by sakopov 5y ago

joshmn 5y ago
I’ll offer a slight disagreement. They are more common than you think, and you don’t need to be exceptional to receive such a package. Positioning your strengths during negotiation is helpful. Knowing the market and laying out what you (presumably a developer) bring to the table goes a long way.
jandrewrogers 5y ago
It is more common than you might expect across industries if you are good at what you do. I know a biz dev person at a mediocre book publisher that earns that much and they’ve worked remote much of their career.
- lumost 5y ago
  It's not an uncommon salary - but its not typical as of 2021. The individuals with this compensation are typically either experienced, or educated in a remunerative field (including comp sci grads). A society that sets the bar for home ownership at this level is going to have trouble, in an inflationary environment home ownership completely changes the savings rate for an individual as inflation eats away at the mortgage payment. By the time 30 years is up and the individual owns the home, they benefit from massively reduced housing costs into their retirement. If instead these individuals are renting into their 30s/40s/50s they won't have the cash flow to backstop their retirement, fund college, create businesses, or other activities that result from capital accumulation. What's worse is that a larger fraction of the eventual benefits that these individuals require will be paid into rent on properties that are likely owned by investment banks and others whose borrowing power is unconstrained.