No one is ever overpaid. The company will never pay you more than the value it's getting from you. In fact we are underpaid, considering revenue per employee of companies like Google and Facebook.
Its all relative The reason home prices / COL has gone up are salaries. Now (bay area) to live comfortably you need to be “overpaid”
You have to understand that these companies are still doing gangbusters in terms of profits. Where do you think that money should go, exactly? Only to shareholders and top executives? Hell no we're not overpaid. Just cause workers in other industries get crapped on doesn't mean we're somehow spoiled and entitled. Let's not do this race to the bottom thing
“Let’s not do this race to the bottom thing” too real. “Burn it all down” in graffiti was written on the restroom doors in this restaurant I visited yesterday. That’s the mind set of OP making this post or whoever says we’re overpaid. They just salty and hateful and destructive. They’ll never make a dime thinking and acting that way.
Guess your last statement isn’t quite logical given that OP is already working at amazon & well don’t know if the same can be said about 😜
There isn’t really any “over” paying in effect. If these companies could pay less they for damn sure would. The simple fact is that there aren’t enough people capable of doing the job they need, so wages rise. Just call it what it is, you don’t really think the job is worth less money. You’re either a techie suffering from impostor’s syndrome or have a case of envy 😉
^ This right here but I won't go so far as to say OP has imposter syndrome or is envious (but maybe he is who knows) Sometimes I also feel guilty at having a high TC when every other profession has a fraction of it and wonder what I'm doing different, but end of the day it is the market and it is what companies are willing to pay
No, the companies are making huge profits.
I'd argue we are underpaid for the value we provide.
Did you just include Microsoft and Amazon in a discussion involving overpayment?
If you thing the swe and data Scientist are overpaid, wait till you see the salaries of the executives.
What would the pay be if users had to opt in for data collection/sharing?
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If this field didn’t had any competition then yes we are overpaid. The competition and the pressure makes it feel underpaid. The majority of the money is made by executives and share holders not by employees.