comp_throw7

18 ms·

211.
by comp_throw7 5y ago
"making an activity illegal reduces the incidence of that activity" is not a "counter-intuitive statement". The literature shows a slight skew in results that show negative effects from minimum wage (& related polic
212.
by comp_throw7 5y ago
If they're contractors I can't "easily" find their salaries, since they aren't listed on levels.fyi (and other sources e.g. glassdoor are grossly unreliable). And, uh, I think the proper point of comparison there w
213.
by comp_throw7 5y ago
The idea that saving and investing 2k/year "wouldn't make a difference" is pretty funny, since investing 2k/year gets you ~300-400k (inflation-adjusted!) after 40 years (roughly the length of a typical working caree
214.
by comp_throw7 5y ago
This is not even remotely accurate, see https://www.levels.fyi/comp.html?track=Recruiter&search=Face... . Recruiters at FB seem to earn ~50-60% of the total compensation of Engineers at equivalent levels, doing a bit bet
215.
by comp_throw7 5y ago
Um? https://www.levels.fyi/comp.html?track=Software%20Engineer&r... Excluding finance, there's Spotify, Doordash, Salesforce, Square, Twitter (incl. remote), Coinbase (remote), Palantir, Roku, Affirm, Robinhood...
216.
by comp_throw7 5y ago
What do you mean when you say "they're not showing up there"? If you look at senior SDE comp for Amazon, you'll see that most of the numbers fall in that range (especially for new hires, with 0 years of experience at th
217.
by comp_throw7 5y ago
Everyone else's explanation is "supply and demand", which is true, but less than fully explanatory. Most of the difference is in demand; the per-capita supply of software engineers (very broadly defined) seems to be pretty s
218.
by comp_throw7 5y ago
What? Only 5% of the company took the buyout: https://www.coindesk.com/business/2020/10/08/5-of-coinbase-e...
219.
by comp_throw7 5y ago
It's not that difficult, FAANG (literally just those 5 companies) employ probably at least 5% of the SWEs in the country; add in all the other companies that pay comparable money and you're probably at 8-10%. Something that 10% o
220.
by comp_throw7 5y ago
Sorry, is the claim here that there are a "decent amount" of fresh grads who get promoted 3 times in 2.5 years to reach Staff (E6) at FB? That doesn't pass the smell test. "Has happened at least once in the history of
221.
by comp_throw7 5y ago
It's not totally clear what claims you're making w.r.t. the compensation at G/F/A/A (Netflix pays 100% cash and lets you convert to discounted options at will, if you want). Obviously it's true that the perfor
222.
by comp_throw7 5y ago
The straightforward process for turning free time into money as an engineer who doesn't want to worry about sales/marketing/customer management (i.e. a substantial amount of the work involved in consulting) is "go do tec
223.
by comp_throw7 5y ago
They do, as do Google, Amazon, and Apple. Guess what companies are paying top of market in London?
224.
by comp_throw7 5y ago
It has very little to do with incidentals like benefits, vacation time, etc, and is mostly a question of the huge difference in the productivity of labor of software engineers employed by companies that pay well and companies that don'
225.
by comp_throw7 5y ago
Sam Bankman-Fried, unless I miss my guess.
226.
by comp_throw7 5y ago
You keep saying this as if all potential future employers already know everything about you and specifically want to avoid it. You know what you do with legacy/niche tech that isn't interesting to most employers? You can _leave i
227.
by comp_throw7 5y ago
No, Amazon structures its compensation such that you get a large cash "bonus" split up monthly over your first two years to offset the backloaded compensation. A senior (L6/SDE III) offer might look something like this: 160k
228.
by comp_throw7 5y ago
Sure, I'm not saying anything about the culture or WLB, just that there's no risk of "losing out" on compensation if you get fired before your backloaded equity vests.
229.
by comp_throw7 5y ago
Amazon compensates for backloaded equity via large sign-on bonuses which "vest" monthly and don't need to be paid back if you leave. Annualized compensation is roughly stable over the first four years, assuming you believe t
230.
by comp_throw7 5y ago
Nit: directors (parallel to L8) at Google earn closer to 1m/year, not 3m per year, i.e. 3x what Sr. Engineers (L5) do.
231.
by comp_throw7 5y ago
> The only time that isn't the case is if the market is irrational. There are other situations, such as when measuring actual ability is sufficiently difficult or impossible (subject to the constraints you pointed out - via a proces
232.
by comp_throw7 5y ago
Why do you need to be "courted" by FAANGs? There are plenty of non-FAANG companies that pay anywhere from 70% to 110% of FAANG standard and hire remotely (especially now, what with the recent shift to remote work). Here's a
233.
by comp_throw7 5y ago
Given the current state of the job market, you are underpaid, even by startup standards. At FAANG companies (& similar) an engineer with a year's worth of (paid) professional experience implementing DL & CV should easily be abl
234.
by comp_throw7 5y ago
You don't _have_ to exercise if you leave. That part is totally optional - in fact, the company will probably be quite happy for you to leave without exercising.
235.
by comp_throw7 5y ago
How do you imagine this working, in practice? Do you want to force companies to have 0 cash holdings at all time? That seems like it might lead to some, ah, undesirable fragility.
236.
by comp_throw7 5y ago
Sorry, when I said 200k, I meant withdrawing & spending 200k/year, not earning 200k/year. In today's environment you're more likely to be earning (at least) 400k/year by the time you retire if you're follo
237.
by comp_throw7 5y ago
Yeah, as the other response said, I meant combined.
238.
by comp_throw7 5y ago
What does it mean that they underpay their workers, except that they pay them a smaller percentage of the economic value produced by their labor than you think they should? Is that just a deontological claim? Because I imagine "my mo
239.
by comp_throw7 5y ago
Google, Amazon, and Apple together almost certainly hit 100k by themselves. Facebook is a bit smaller than those 3 in terms of engineering headcount but not by much. Netflix is tiny, relatively speaking, I'll give you that. But, I me
240.
by comp_throw7 5y ago
I mean, FAANG compensation lets you trivially retire (or achieve financial independence) by ~40 (if you're single), and that's assuming you're budgeting for 200k/year with an extremely conservative withdrawal rate (3%).

More ›