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Bezos is a 0.0001-percenter. Most of people on HN are probably in the top 1% to 5%. You're in the top 10% in the US if you make $170k/yr.
by MountDoom 1y ago
Bezos is a 0.0001-percenter. Most of people on HN are probably in the top 1% to 5%.
You're in the top 10% in the US if you make $170k/yr.
- deleted 1y ago[deleted]
- nemomarx 1y agoare most people on HN making 170? I feel a bit less privileged now.
- MountDoom 1y agoEntry-level total comp for SWEs in the SF Bay Area is probably $250k. A senior dev at a public tech company can easily clear $400k. Really senior engineers at FAANG routinely clear $1M.
- eBombzor 1y agoI need to move back to the Bay
- NaomiLehman 1y agoit's possible to work remotely, albeit harder to land a job. Still if you makea bit less and live in a LCoL area that's a great deal.
- MountDoom 1y agoFor senior engineers with some fiscal discipline, it's great, although it's more great to work remotely. On the more junior end, that $250k goes about as far as $100k in a less expensive region. Keep in mind that the average 1-bedroom rent is $3k+/mo, the average home for a family with kids is $2M, the average PG&E bill for a house is probably $400+, any repairs or remodels will cost you 2x as much as in most other places... and state income taxes are 10% on top of federal. Most CoL estimates put the cost of living in San Jose at 2x the national average. And that's San Jose.
- Ekaros 1y agoAnd we aren't also in some other bubble. From rest of the world those compensation levels sound insane.
- mitthrowaway2 1y agoMidway through my career, these days I feel fortunate to be making 60k. But I'm in Canada.
- culi 1y agoIt's extremely regional. I was at 160 after less than 5 years in the industry. In the Bay Area, that still put me in the bottom 10% for tech workers https://www.levels.fyi/heatmap/ https://www.levels.fyi/heatmap/
- martinohansen 1y agoTrue. But that’s income, to be top 10% in your net worth you need 1.5m USD and 12m USD for top 1%
- MountDoom 1y agoYeah, but net worth is weird because for most people, it just measures age. When you're young, you have nothing in your 401k and you have a brand new mortgage, so you're worth around $0. Negative if you have any student loans. When you're in your 50s or 60s, the mortgage is repaid, and if nothing blew up, you probably also have a million or two in your 401k, so at that point, it's actually not that hard for a person who had a decent career in the SF Bay Area to be worth $4M+. And many FAANG retirees will probably flirt with $10M+ if they don't spend too much.
- moomoo11 1y agoIs that in the world? Or in the USA. Idk I thought there would be more millionaires.
- Fricken 1y agoEarning $60k/yr would put you in the global 1%.