Re:Was there a tech-hiring bubble? Indeed.com job postings d...
by epicureanideal on Wednesday March 15, 2023 @09:31AM
(#35168048)
If almost all the skilled jobs are similarly “overpaid”, maybe that’s just what ordinary good pay looks like.
Some people might be underpaid, and that would be a different angle.
As it is, in the Bay Area, a typical startup software engineer only earns 4-5x what a person that makes burgers at a fast food restaurant makes. (Typically they make $20+ per hour, so $40k+ per year). Despite years of education, monetary investment in education, constant re training, long hours, etc. It doesn’t seem an unreasonable multiple to me, just trying to get a sense of the situation.
Those arguing that we should make less than or around $100k, are we really producing no more value than 2 people making burgers, or one especially fast burger maker?
Also note that wait staff at good restaurants in SF can earn $80-100k.
Two things can be true.