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"Tech Money" will largely dissipate after labor market dynamics normalize. Could be as soon as next year if the economy continues on its current trajectory. Th
by adam_arthur 4y ago
"Tech Money" will largely dissipate after labor market dynamics normalize. Could be as soon as next year if the economy continues on its current trajectory.
The best will still attain high compensation, but the world of 6 figure jobs after 6 week bootcamps is going to end.
Value add to the employer just sets a ceiling on potential pay. In the end, wage and compensation is always a product of supply and demand of labor.
- ozten 4y ago> bootcamp + 2 years of experience type aren't going to be making 400k+ with minimal effort. How frequently did this happen? (Seattle, 20+ year career) I never saw anyone that fit this description.
- adam_arthur 4y agoHappened a lot in the Bay Area. Can only speak to my own experience of course. I changed the text to reflect a more universally accepted state though
- j-bos 4y ago> bootcamp + 2 years of experience type aren't going to be making 400k+ with minimal effort. In my my highly subjective opinion, dismiss it freely: This bootcamp do-nothing trope strikes me as a stereotype coming from a similar place as the stereotypes of illegal immigrants taking jobs. Likely real but very rare, and disproportionately highlighted. Of course I am biased, as I am a boot camp grad.
- adam_arthur 4y agoI’m not against bootcamps generally. I just hired 4 people for my team, and the guy with 0 experience and bootcamp grad is actually the most valuable. More using it as a euphemism for those that aren’t particularly skilled. Skill is more a product of motivation of the individual, and bootcamp vs college doesn’t matter much in the end. All that to say, the gold rush where low skill people can get a 6 figure job after a short period of training is coming to an end