Facebook Median Pay now $240k

Re:Facebook Median Pay now $240k by dx034 on Monday April 30, 2018 @05:06AM (#16956982)

Pre-2008 not all banks were hugely profitable. Some investment banks were and some smaller companies. The tech sector isn't that dissimilar. Salaries in SV show that not only Google and Facebook are willing to pay $200k+ for engineers, most of the industry will (and usually can).

As tech can't print money, these salaries must come from somewhere. And at some point those sources won't be able or willing to provide it. Maybe that's a soft landing, maybe harder. I don't know but as I said previously, I'd be surprised if tech's the first industry in centuries that channels wealth into the hands of few (including SV landlords) without any consequences.

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Re:Facebook Median Pay now $240k by icebraining on Monday April 30, 2018 @05:39AM (#16957125)

Salaries in SV show that (...) most of the industry will (and usually can).

Yeah, that's what I doubt. SV is not the tech industry as a whole. The average salary for a software developer in the US is less than half than that, and if we removed those top outliers, it'll be even less. So I'm skeptical that this is out of the ordinary; doesn't seem that different from other well-paid white-collar professions like lawyers.

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Re:Facebook Median Pay now $240k by f00biebletch on Monday April 30, 2018 @01:32PM (#16960522)

And, even in SV, most of the industry cannot; certainly the AirBnB/uber/lyft's of the world can, but the smaller companies seem to be falling behind (based on anecdotal conversations at least).

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