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A comment on Banks scramble to fix old systems as IT 'cowboys' ride into sunset. Parent comment

Re:Banks scramble to fix old systems as IT 'cowboys' ride in... by inopinatus on Monday April 10, 2017 @11:01PM (#14084511)
I just assumed that $100/hr sounds like a lot to the journalist in question and therefore "more than $100/hr" was simply their top categorisation of compensation.

Bear in mind that this is something like four times the average in private industry, and fifteen times the minimum wage.

My general rule for stories by journalists - even experienced ones - covering any technical industry is that their use of facts is often extremely loose, and if something seems awry, distrust the story first and question your understanding of the domain second.

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Re:Banks scramble to fix old systems as IT 'cowboys' ride in... by therealdrag0 on Wednesday April 12, 2017 @07:41PM (#14102771)
My first job out of college I worked for a large-corp building a CRUD java web-app for one of their clients who implemented large-corp's backend. They billed the client 250/hr for my time (full time for 18 months). So yeah anything close to 100/hr is leaving piles on the table.
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