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"If people get older every year, why are college students always the same age?" Seriously: massive expansion of the field disproportionately among younger work
by patio11 14y ago
"If people get older every year, why are college students always the same age?"
Seriously: massive expansion of the field disproportionately among younger workers, who bring the average down, is totally consistent with wages increasing for the vast majority of workers considered individually.
There's also some weird effects at the top of the scale. Half of the HN leaderboard is people who you'd consider technologists, but many of them (us?) don't count as it for statistical purposes. This disproportionately excludes from the comparison people who are older, at their peak earning years, and/or those who took advantage of many of the (numerous) options which are a bit more lucrative than System Administrator II at an insurance company.
- mixmastamyk 14y ago1) Cloud hosting/SAAS/PAAS 2) Outsourcing.
- phillmv 14y agoEh, I'm not terribly persuaded by that line of reasoning: the article CW links to^1 mentions that the IT field operates at full employment. At 3.7% unemployment you have a huge amount of bargaining power. As you alluded above, I too think the statistic presented mostly captures IT workers 'proper': server administrators and support people. But as a support function, they've basically stopped having major gains in productivity in like 1998. We're not like them. We're princes of the universe who own the means of our production. Instead, I think it's more along the lines of 1) a lot of wealth increase has been captured by the higher skilled workers (some with cause, some without) and, of course, equity owners 2) but mostly, average wealth economy wide has been stagnant for everyone in all jobs except non-executives/equity owners. You can make six figures before you're thirty. No problem. It's very common within my social milieu. -- 1. Obviously a white paper designed to help lobby against increased immigration quotas. As an incumbent, this benefits me but the initial claim that 3.7% unemployment doesn't constitute full-employment is so spurious that it's hard to take any of the rest of it seriously.
- riffraff 14y ago> the IT field operates at full employment. At 3.7% unemployment you have a huge amount of bargaining power. this could also be seen as a market at equilibrium, so the bargaining power is already accounted for.
- rmc 14y agoAt 3.7% unemployment you have a huge amount of bargaining power. Yes. People just don't realise it.