4 ms·
Inflated salary in tech jobs = inflated real estate price = struggling lower middle class, go visit SF But that wasn't even the point i was trying to make, mer
by Kukumber 4y ago
Inflated salary in tech jobs = inflated real estate price = struggling lower middle class, go visit SF
But that wasn't even the point i was trying to make, merit is no longer rewarded since the expectation for a high salary is the baseline, hence it's not usual to see high burn rate in big corporations and highly valued startups, inflating everything up to the point where nobody can compete anymore unless you go hire in india/asia with the problems that comes with it (socioeconomics)
Check the various hiring posts from YC, it's telling
> then it will be difficult to attract smart people
That's a documented bullshit, with a high salary you don't attract "smart" people, you attract people attracted to the money
Look, a "smart people" contacted him to offer his help for bare minimum compensation; that defeats your point
- fredestine 4y agonot everyone in tech is making 6 digits working at FAANG. stop blaming the workers. the problem is the gov, the economists, and the crazy policies during covid. there are plenty of other jobs high paid such as consulting, legal jobs that are not creating any clear value as well. at leas tech changed the way people buy things, communicate, move around, travel and created wealth into the midle class like no other profession. to earn well in law you need a network and a family that knows how to guide you through the best schools and best companies. same for consulting/banking a commononer won't get into rotschild or mckinsey. tech allowed all kind of people to build wealth.
- Kukumber 4y ago> tech allowed all kind of people to build wealth Not on the premise of merit, and your take is valid for every jobs, it's the definition of a job I agree with everything else you said
- fredestine 4y agoif we were a meritocraty we would have a 90 year old grandpa with memory loss and other mental impairment as president. we're in a peter sellers movie
- yrgulation 4y agoI imagine a lot of middle class people are benefiting from the … software engineer middle class cashflow. Your logic is a bit like wanting to make the middle class poorer because its driving prices up and the lower class cant afford things. Then of course the lower class should earn less because the unemployed and homeless cant afford things. Computer science is hard. Why would someone spend their whole life studying, being sucked into a world of machines, sacrificing social life and friendships to be immersed in a job that doesnt pay well? High end software isnt about maintaining a website after getting a pdf certification from a boot camp. Its real complex and difficult.