2 ms·

> Fewer multiples between the lowest paid people and the highest paid people This will of course cause their good devs to leave, but I guess these days compani

> Fewer multiples between the lowest paid people and the highest paid people This will of course cause their good devs to leave, but I guess these days companies are trying to innovate in AI rather than software dev. Once the AI bubble bursts I doubt we'll see a reset back to pure software dev being prestigious/highly paid. Thinking about a career change honestly.

tossandthrow 2y ago
Leave to where? Salary for the highest paid people is a comparative good. If I pay you 10x you current salary I don't get 10x the innovation. Also, compression also means that the slowest paid people can get salary increases (to cover the increased mortgage costs) - it will be a mix. (not entirely knowing your own situation, not taking a "low ball" offer can leave you worse of, if the alternative is no income.)
mattgreenrocks 2y ago
I think it's shifting towards being bimodal. See this for discussion: https://danluu.com/bimodal-compensation/ https://danluu.com/bimodal-compensation/ The transition is awkward as you'd expect, and jobs are stratifying.
- coffeecloud 2y ago
  Shifting? IME comp has been FAANG/Not FAANG for the last 15 years with the two peaks in the distribution being pretty tight.
spamizbad 2y ago
The pay is largely going to be set by demand. But also: The sector has been ramping up salaries since the mid aughts, and I've found different people have different ideas of what the inflection point was in technology where it become prestigious/highly paid. For me, I feel like things really heated up in the the 2010s. But there are others who I think would walk away from this industry if they got paid, adjusted for inflation, like it was 2015. As someone who cut their teeth in the wake of the dotcom crash, I look at the early 2010s as the halcyon days even tho pay got A LOT better - but I feel like that period struck a really good balance. If all you know is the white-hot market of 2019-2021 I suppose everything else looks like a massive downgrade. (Not implying any of this relates to your experience, just giving my 2 cents)

tossandthrow 2y ago

Leave to where? Salary for the highest paid people is a comparative good. If I pay you 10x you current salary I don't get 10x the innovation. Also, compression also means that the slowest paid people can get salary increases (to cover the increased mortgage costs) - it will be a mix. (not entirely knowing your own situation, not taking a "low ball" offer can leave you worse of, if the alternative is no income.)

mattgreenrocks 2y ago

I think it's shifting towards being bimodal. See this for discussion: https://danluu.com/bimodal-compensation/ https://danluu.com/bimodal-compensation/ The transition is awkward as you'd expect, and jobs are stratifying.

coffeecloud 2y ago
Shifting? IME comp has been FAANG/Not FAANG for the last 15 years with the two peaks in the distribution being pretty tight.

spamizbad 2y ago

The pay is largely going to be set by demand. But also: The sector has been ramping up salaries since the mid aughts, and I've found different people have different ideas of what the inflection point was in technology where it become prestigious/highly paid. For me, I feel like things really heated up in the the 2010s. But there are others who I think would walk away from this industry if they got paid, adjusted for inflation, like it was 2015. As someone who cut their teeth in the wake of the dotcom crash, I look at the early 2010s as the halcyon days even tho pay got A LOT better - but I feel like that period struck a really good balance. If all you know is the white-hot market of 2019-2021 I suppose everything else looks like a massive downgrade. (Not implying any of this relates to your experience, just giving my 2 cents)