Are these salaries forever
How many years of ridiculous TC do you think we have left before the market gets so saturated by new talent that the salaries drop down significantly.
Enjoy the ride while it lasts :(
WSJ recently ran an article that cited C-level execs saying lack of access to engineers is a bigger risk than lack of access to money Nothing is changing any time soon
Yup also read some estimates that the demand will grow significantly over the next 10 years. Let the crazy TC flow.
Whoa what’s the article? Would like to read.
What you guys call 'TC' aren't salaries. 'Base' salaries aren't growing fast enough, so don't take your lifestyles up with the stock markets.
Only FANG pays ridiculous TC. The rest of the market doesn’t.
Only FANG stocks are ridiculously high, rest of the stocks aren't. So, yes.
Not just FANG.. there are a good 30-50+ companies that pay decent TC
As long as you're not at the bottom and easily replaceable, I don't think you need to worry regardless of the industry.
You don't need to run faster than the bear, only need to run faster than the slowest one in the group
Truth. Always try to dance with the best, never flirt with the worst.
lol as if it’s that easy to become a decent SWE just look at the rise in number of freshmen majoring in CS for $$ and see how many eventually drop out (spoiler: a ton) also the fizzbuzz article
Interesting. Are there some stats on this?
Well put! But where do we have work that requires that much greatness? The low base salaries reflect they're not looking for greatness.
You missed the point: show me a company which has high base salary and a high number of L6+ engineers. I have worked at engineer driven companies, but revenue comes from sales and marketing - whose impact is a factor of 10 to 100 more. You overestimate the value of engineers over sales and marketing.
+1
How is TC at Shopify? Haven’t heard from you guys much here.
Low barrier to entry + crazy salaries = just a matter of time before supply > demand.
You can speak the same for sales. Good sales in tech companies are paid a lot more than similar tier swe.