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A comment on Ask HN: Why is it easier to get a raise with a new job?. Parent comment

Re:Ask HN: Why is it easier to get a raise with a new job? by vonseel on Friday February 01, 2019 @01:43AM (#19052146)
> I was able to average 18% raises for over a decade by switching jobs nearly every year.

Hmm. For those curious, assuming I still understand how to do basic math like this and a few relatively low starting salaries for year one:

  40k*(1.18^10) = 209k
  60k*(1.18^10) = 314k
  80k*(1.18^10) = 418k
Are you one of these software engineers I hear about making 400k? I suppose I would find 150k-200k as more believable since your bio states you are a "remote software engineer". Or maybe you over-estimated the annual raises?
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Re:Ask HN: Why is it easier to get a raise with a new job? by nfriedly on Friday February 01, 2019 @04:32AM (#19052801)
I'm also a remote software engineer, and my guess is that you're starting too high. My first job (on-site in Ohio) paid something like $7.50/hr (so ~$15k annually), and I'm now at $165k base 14 years later. That puts me in the same ballpark of 18% annually.
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Re:Ask HN: Why is it easier to get a raise with a new job? by byoung2 on Friday February 08, 2019 @12:55AM (#19111906)
I started at $30k in 2004 and by 2017 I made $200k. It is about 18% on average. The biggest jumps in a single year was 2009 going from $55k to $80k in a 3 month period, 2011 going from $80k to $110k, and 2013 going from $117k to $140k by using a counteroffer.
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Re:Ask HN: Why is it easier to get a raise with a new job? by tmaly on Friday February 01, 2019 @01:15PM (#19056746)
My friend asked the guy that made that 400k post on twitter. Apparently that is total compensation for people at Uber and Lyft.
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Re:Ask HN: Why is it easier to get a raise with a new job? by salaryFoo on Friday February 01, 2019 @08:14AM (#19053786)
As another data-point: My day-rates as a long-term contractor which have some decent year-on-year increases from switching clients

2012 £200 (first time programming for money)

2013 £300 (new client)

2014 £425 (new client)

2015 - took a year off -

2016 £500 (new client)

2017 £650 (same client)

2018 £800 (new client)

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Re:Ask HN: Why is it easier to get a raise with a new job? by apta on Friday February 01, 2019 @11:17AM (#19055373)
Do you do contracting for backend or frontend?
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Re:Ask HN: Why is it easier to get a raise with a new job? by salaryFoo on Friday February 01, 2019 @01:37PM (#19057019)
devops
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Re:Ask HN: Why is it easier to get a raise with a new job? by aprdm on Friday February 01, 2019 @08:20PM (#19060344)
What kind of work within devops realm do you usually contract for if you don't mind sharing
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Re:Ask HN: Why is it easier to get a raise with a new job? by bkcreate on Friday February 01, 2019 @12:25PM (#19056151)
The math is correct but this doesn't factor in inflation, so you probably need to change the original salaries down to whatever $40k in todays money was worth in 2009. That leads to 34k*(1.18)^10 = 178k, which seems much more reasonable
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