2 ms·
The median income in tech (most people reading this site) is at least 4x that median, which is even more impactful.
by jacurtis 4y ago
The median income in tech (most people reading this site) is at least 4x that median, which is even more impactful.
- kfajdsl 4y agoThe median income in tech is $200,000?
- jacurtis 4y agoI was thinking $40k x 4 which is $160k. I just did a quick search and found several reputable sites saying the average FAANG salary is $230 (which is 5.75x). According to the Bureau of Labor Statistics (BLS), the mean software engineering salary was $136,230 in 2022. So you're right thats only 3.5x. Notice thats the mean. I suspect the median is actually slightly higher than the mean. So i'm guesstimating here. But I stand by my rough estimate.
- lotsofpulp 4y agoWhy would you suspect the median is higher than the mean? Almost all statistics related to wealth and income I have seen indicate power law distributions, which would mean median is lower than mean. https://en.wikipedia.org/wiki/Lorenz_curve https://en.wikipedia.org/wiki/Lorenz_curve
- nl 4y agoThis is so far from true it's hard to work out if it is supposed to be trolling or just ignorant. The median salary of FAANG programmers in the Bay Area might be 4x that median. But I assure you that "most people reading this site" are not "FAANG programmers in the Bay Area" even if at times it might seem like they are.