It's not SV, it's the US. 200k is easily achievable for a senior engineer anywhere in the US with the rise in wfh.
But what percent of software engineering jobs are in the US? It's not really a bubble if it's the majority of software positions.
Reminds me of Dijkstra's "On the fact that the Atlantic Ocean has two sides" followed by Alan Kay's rebuttal "On the fact that most software is written on one side of the Atlantic Ocean."
Sure developers in the EU get paid less, developers in Mobile Alabama working locally also probably get paid less, but most developers aren't in these areas.
I also know plenty of EU citizens working for US companies making 200k+ remotely, so it's not like these positions are closed off from people residing in the EU.
Even Dijkstra eventually ended up at UT Austin.
There is no reality where most engineers expect to be paid 200K+. I really don't understand technical people perpetuating this idea when you can find data pretty much anywhere that indicates otherwise. There is just no reason to inflate this number.
$200k (TC) is not that high in London for an engineer with 10 years experience
I would be surprised to see someone whose job is coding getting that.
There may be crypto paying silly amounts or lucky start ups.
Either that or I need to brush up my CV
See how easy it is to just lie on the internet? :P
200k USD -> 160K GBP is the point
look for developers working at trading firms
I also made that much last year by working remotely for a Canadian company via a.team.
I know more examples of people working for Facebook in Germany and remotely for an Israeli company making over ā¬300k.
What !!!
Edit: I did return to tone down my reaction but I would be interested in any (evidence based) research on the pay scales in and out of SV. I understand it is only the very top tech (FAANG) that pay so highly and mostly though share options.
It's not like that in Europe I am afraid.
But even so, if that's your position by 35, well done you.