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No, but the large salaries and stock compensation that tech workers have been paid over the past decade certainly should, along with the generous severance pack
by abduhl 3y ago
No, but the large salaries and stock compensation that tech workers have been paid over the past decade certainly should, along with the generous severance packages that are pervasive in the tech industry. You have been living within your means and saving, haven’t you?
- nateglims 3y agoWhen a significant portion of your compensation is an asset, it kind of disincentivizes this.
- abduhl 3y agoThe stock market is at or near all time highs.
- thfuran 3y agoIt usually is.
- mytailorisrich 3y agoA good time to sell and make actual money.
- silverquiet 3y agoNever saw anything like the numbers that people post here and also never got any stock myself.
- icedchai 3y agoMost of my startup options turned out to be worthless. The little that wasn't? It wasn't even worth the pay cut I took for it. You really have to be in the right place at the right time. I do, however, always live below my means, save, and invest. I have never saved less than 30% of my salary. You have to do this long term, meaning 15 to 20 years+. Many people don't have the temperament to do this.
- Mountain_Skies 3y agoA few years ago one of those "the most common job in each state" maps was posted. Truck driver and school teacher were all over on the map but a few states had software developer was the most common job and I suspect it was in the top five in most other states. The vast majority of software developers work for non-tech companies at middle income wages. FAANG and SV salaries are the exception, most software developers aren't getting rich. It's a nice middle income job for most and that doesn't create an abundance of excess to sock away, even if it pays above the median wage for fulltime workers.
- abduhl 3y agoDid you read the article? It’s basically sourced from layoffs.fyi (a well-known website amongst people not in tech) and reports about layoffs at non-tech companies such as Google, eBay, Facebook, Cisco, and Microsoft. Why are you bringing up non-tech companies in this thread?
- nytesky 3y agoShout out to Planet Morty, they can be great https://www.npr.org/sections/money/2015/02/05/382664837/map-the-most-common-job-in-every-state https://www.npr.org/sections/money/2015/02/05/382664837/map-...
- nytesky 3y agoBTW the most common job in DC in 1996 was JANITORS! I have to wonder if that survey was taken during the government shutdown when even was furloughed??