Re:How fresh grads with zero experience get hired as senior ...
by belter on Friday February 11, 2022 @02:18PM
(#30305821)
Those salaries are only possible, because most of it is stock compensation, highly inflated due to the biggest stock market bubble of the last 30 years.
As of next week, as soon as the Fed starts raising rates, the stock market will crater. These compensation values will then become what companies are really willing to pay. Not much different from other parts of the world.
If you factor in the risk of bankruptcy in the US due to unexpected medical bills
and that you have to be on the 0.1% of Developer pools in the US, does not make it so amazing.
As of next week, as soon as the Fed starts raising rates, the stock market will crater. These compensation values will then become what companies are really willing to pay. Not much different from other parts of the world.
If you factor in the risk of bankruptcy in the US due to unexpected medical bills and that you have to be on the 0.1% of Developer pools in the US, does not make it so amazing.