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A comment on The layoffs will continue until (investor) morale improves. Parent comment

Re:The layoffs will continue until (investor) morale improves by jghn on Sunday March 26, 2023 @08:06PM (#35321159)
The median *household* income in the US is around 80K. That's well below the *starting* income for a FAANG engineer.
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Re:The layoffs will continue until (investor) morale improves by triceratops on Sunday March 26, 2023 @09:54PM (#35321975)
That's the point GP is making. FAANG salaries aren't too high, median salaries are too low.
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Re:The layoffs will continue until (investor) morale improves by fzeroracer on Sunday March 26, 2023 @11:42PM (#35322621)
Yes, thank you. That's the exact point I've been getting at. Median salaries for workers in the US is far too low and should be brought up, rather than fighting to bring FAANG engineers lower which is exactly what businesses want.
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Re:The layoffs will continue until (investor) morale improves by ChuckNorris89 on Monday March 27, 2023 @07:05AM (#35325156)
>Median salaries for workers in the US is far too low and should be brought up

But how do we do this?

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Re:The layoffs will continue until (investor) morale improves by jghn on Monday March 27, 2023 @10:29AM (#35327108)
I agree with this, but that's a separate argument. I suppose if one viewed "middle class" as a state of being and not as in middle/median, then sure.
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Re:The layoffs will continue until (investor) morale improves by satvikpendem on Sunday March 26, 2023 @10:22PM (#35322177)
I think the point they're making is that salaries should be higher, given the discrepancy between productivity and pay that started appearing in the 70s [0].

[0] https://www.epi.org/productivity-pay-gap/

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