3 ms·
The median income in tech is $200,000?
by kfajdsl 4y ago
The 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