Do you think high pay in tech and software is a bubble?

Adobe
TNmw11

Go to company page Adobe

TNmw11
Mar 22 31 Comments

I see new grad in USA getting 200-300k in big tech and unicorn left and right, but similar or better talent with more yoe in Europe or Asia get paid less than 50k at times

Are we in a bubble

And if we are when do you think the reckoning will come?

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 TOP 31 Comments
  • Absolutely yes because of remote work. Why pay someone in Seattle 200k when you can pay someone in Alabama 80k
    Mar 22 10
    • Federal taxes are still the same.

      To the nerd bashing the south. Glad you are gone because people like you are not wanted "round here".
      Mar 23
    • New
      NXQv67

      New

      NXQv67
      I actually quite like remote work and our company fly us out to meet for a few days every quarter or so to hang out.
      Apr 2
  • Amazon
    hehzh11

    Go to company page Amazon

    hehzh11
    There’s always bubbles. Nothing lasts forever. My farther was a manager at a car dealer ship in the early 2000s. It was extremely lucrative and he could make $20,000-$25,000 a month with his best month being $40,000. Now his old position makes like $100,000 a year
    Mar 22 4
    • New
      data_store

      New

      data_store
      Ok. His base pay didn’t take a cut though?

      In tech I feel like there wouldn’t be a base cut but maybe the RSUs could fall
      Mar 22
    • Amazon
      hehzh11

      Go to company page Amazon

      hehzh11
      He hasn’t worked in the car business in like 15 years. So I’m not sure the exact of it. If I had to guess the base is probably up, but yeah they changed the formula on how much money they would get from sales.

      And I agree, I can see RSUs falling before bases get decreased. I can also see a lot less hot tech startups in the future which contributes to less and less lucrative offers
      Mar 22
  • New / R&D
    Psynaptic

    New R&D

    PRE
    Neuralink
    BIO
    Working on Brain Machine Interfaces at Neuralink
     Psynaptic
    It is! You can tell be comparing programmers of similar skill level in different parts of the world.

    The tech salary bubble is propped up by restricting free market competition in the labor market, by the H1-B visa system severely limiting foreign workers from competing.
    Mar 22 2
    • Woven Planet Holdings
      Indian_Bro

      Woven Planet Holdings

      Indian_Bro
      H1B isn't the problem. Why don't Google shift all the work to overseas, but instead pay 500k to hire locally?
      Mar 22
    • New / R&D
      Psynaptic

      New R&D

      PRE
      Neuralink
      BIO
      Working on Brain Machine Interfaces at Neuralink
       Psynaptic
      They would like to have the access to infrastructure of the US, including the financial infrastructure, so that is why they want to base their offices in major metro areas.

      But they still want to employ more foreign workers. If the H1-B 10x'ed it's headcount, all of the available headcount would still be taken up by the tech companies, so that already definitively tells us we are not at free market equilibrium.
      Mar 22
  • The thing is - I can’t imagine TC dropping in quant finance / HFT, so not sure if there will be a larger disparity between finance and tech pay once TC starts dropping in tech.
    Mar 22 4
  • IBM
    TC280k

    Go to company page IBM

    TC280k
    Yes. You can pay someone 3rd of that price and hire top talent in other countries.
    Mar 22 1
    • Meta
      soldmain

      Go to company page Meta

      soldmain
      And then get hit with monopoly regulations when u fall out of favor with the US govt for outsourcing, and suddenly the compensation savings are irrelevant because your stock is worth paper
      Mar 22