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A comment on Wage suppression – not stagnation – is costing workers $10 an hour (2021). Parent comment

Re:Wage suppression – not stagnation – is costing workers $1... by niij on Friday November 03, 2023 @03:39PM (#38133966)
$200/hr is $416,000/yr. The world is bigger than Silicon Valley, but even there that's a huge salary.
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Re:Wage suppression – not stagnation – is costing workers $1... by bitwize on Friday November 03, 2023 @03:52PM (#38134105)
That goes to the comtracting agency. The individual engineer might see a quarter of that if they're lucky.
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Re:Wage suppression – not stagnation – is costing workers $1... by true_religion on Friday November 03, 2023 @04:06PM (#38134292)
There are many staffing agencies that only take 20-30% extra per head.
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Re:Wage suppression – not stagnation – is costing workers $1... by kelipso on Friday November 03, 2023 @04:10PM (#38134338)
It translates to probably around $170k pre-tax income, definitely less than $200k, after overhead if you're an employee working for a contracting company. Actually that's for govt contracting companies with mandated limits of how much profit they can make, so normal contracting companies are likely worse.
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