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Barriers to entry in programming are still low, and programming itself is still fiercely creative and competitive. Just look at all the languages, frameworks an
by pradocchia 15y ago
Barriers to entry in programming are still low, and programming itself is still fiercely creative and competitive. Just look at all the languages, frameworks and platforms.
By comparison, law and medicine have long since circled the wagons. It used to be that to be a lawyer, you only needed to pass the bar in your state of practice. Sure, many aspiring lawyers did attend law school, but the profession was not hermetically sealed. Today, you have to pass the bar and have graduated from an accredited law school, at tremendous cost. Same story w/ medicine.
So these $400K salaries do not translate to $400K in value produced. Maybe $100K, maybe $200K, but the remainder is rent-seeking. Meanwhile, your modest salary of $75-150K if anything undervalues your product. And this is good! You have a produced a surplus. You are the engine of progress. Yes the rentiers will take their cut, but the rest returns to society and benefits society.