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The implicit problem here is that US tech salaries have been far higher than anywhere else in the world for the past decade. You had kids graduating and startin
by Silhouette 3y ago
The implicit problem here is that US tech salaries have been far higher than anywhere else in the world for the past decade. You had kids graduating and starting their first job with zero professional experience who were getting TC that was a multiple of what seniors with a decade of professional experience would earn in places like Europe or Australasia. Most of the world was never able to get a job as an IC doing development and expect to retire comfortably and turn into an angel investor before their 40th birthday.
That was always going to make the US less competitive once the economic foundations that supported those very high compensation levels broke. Unfortunately for those in the industry in the US that probably means there will be a sharp contraction in both the size of the market and the TC being offered. Those affected have my sympathy but pragmatically they also need to realise that what they're going to have to get used to for the next few years is probably still (slightly) better than what everyone else in the world doing the same jobs with the same skills and in some cases with a similar cost of living has had available all along.
- medvezhenok 3y agoU.S. doctors’ salaries have been higher than anywhere else in the world for the last 5+ decades. It all depends how effectively you can lobby for your rights & prevent foreign competition (and control the pipeline of new entrants / gatekeep / keep your industry profitable)
- Silhouette 3y agoIt doesn't necessarily tell us much to make comparisons across industries like that though. US doctors' salaries are paid to people who literally save lives. US tech workers' salaries are often paid to people who are working at a big firm with big past investment that found its golden goose a long time ago and has business people who have successfully defended its moat since. These are very different situations in terms of bargaining power for both personal compensation and larger scale effects like unionisation and regulatory capture.
- quickthrower2 3y agoBut we are not far now from Github being all you need to manage a global dev project. There is no “coders without borders” as there are no real borders to begin with. The only sticky things are legal issues / culture / time zones.
- csomar 3y agoBad and good comparison. The bad part: unlike tech, a doctor consultation is really hard to transfer across border. The good part: the US is not a destination for doctors’ (not medical) exports. If we consider medical tourism as doctors exporting their expertise. In this case, the industry has failed to attract this additional flow and actually lost some (since many Americans will go outside of the US to seek medical professionals). All of this for the profit of some doctor’s establishment.
- TMWNN 3y ago>(since many Americans will go outside of the US to seek medical professionals) No, they won't. They will go to Mexican border cities for a routine dental treatment. Nothing more serious than that. Certainly no equivalent of what various Canadian politicians have received over the years in trekking to the US, such as Chretien's secret trips to the Mayo Clinic while PM. <https://web.archive.org/web/20160624132234/http://www.ezralevant.com/danny_williams_flies_to_us_hea/ https://web.archive.org/web/20160624132234/http://www.ezrale...>
- twelve40 3y agowell in CA at least, we have a situation with housing that grew to be stupidly expensive. So $180k is really not very much. So if companies want to keep people here, they would have to pay up.