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Crazy. Salaries by prof. tell that SEs earn around 140k avg meanwhile meds. are around 300 easily I think youre just looking at tiny group of SEs

spaceman_2020 4y ago
I’m based out of India. Doctors from top colleges after a decade of effort in their 20s start off at around Rs. 80,000-100,00 per month (many even lower in smaller towns) Starting salaries for 21-22 year old engineers from top colleges is approximately Rs 120,00-200,000 per month. By the time they hit their 30s, their salaries usually balloon to Rs 350,000-500,000 per month. Doctors don’t catch up until they’re well into their 40s - an age at which many engineers from top colleges start retiring. There is no real difference in the difficulty of getting into a top engineering program vs medical school. It wasn’t always this wonky, but it has become increasingly wonkier every year as tech valuations have gone beyond sanity.
- machiaweliczny 4y ago
  This is arbitrage of digital work, not unfair society. USA has big demand for software and simply imports work. The problem is that india is poor. I agree though that it’s skewed because USA is at top of demand chain and could generate debt/demand in low interest rates environment.
  - spaceman_2020 4y ago
    Digital work arbitrage jobs don't actually pay that much. The biggest source of wage inflation in the last few years has been domestic startups, all fueled by VC money from low interest rate regimes (Softbank, Tiger, Sequoia being the biggest culprits). Those tech bodyshop jobs that cater to the US market still pay a small fraction of what a startup that targets the domestic Indian market, such as Cred, pays. The point stands: digital work arbitrage has been around for three decades and didn't really create a massive income disparity. The bulk of recent income disparity has come through absurd tech startup valuations, all made possible because borrowing money was dirt, dirt cheap.

spaceman_2020 4y ago

I’m based out of India. Doctors from top colleges after a decade of effort in their 20s start off at around Rs. 80,000-100,00 per month (many even lower in smaller towns) Starting salaries for 21-22 year old engineers from top colleges is approximately Rs 120,00-200,000 per month. By the time they hit their 30s, their salaries usually balloon to Rs 350,000-500,000 per month. Doctors don’t catch up until they’re well into their 40s - an age at which many engineers from top colleges start retiring. There is no real difference in the difficulty of getting into a top engineering program vs medical school. It wasn’t always this wonky, but it has become increasingly wonkier every year as tech valuations have gone beyond sanity.

machiaweliczny 4y ago
This is arbitrage of digital work, not unfair society. USA has big demand for software and simply imports work. The problem is that india is poor. I agree though that it’s skewed because USA is at top of demand chain and could generate debt/demand in low interest rates environment.
- spaceman_2020 4y ago
  Digital work arbitrage jobs don't actually pay that much. The biggest source of wage inflation in the last few years has been domestic startups, all fueled by VC money from low interest rate regimes (Softbank, Tiger, Sequoia being the biggest culprits). Those tech bodyshop jobs that cater to the US market still pay a small fraction of what a startup that targets the domestic Indian market, such as Cred, pays. The point stands: digital work arbitrage has been around for three decades and didn't really create a massive income disparity. The bulk of recent income disparity has come through absurd tech startup valuations, all made possible because borrowing money was dirt, dirt cheap.