Techies make too much...house of cards?
Dec 1, 2020
32 Comments
The last time engineers (with barely a real degree) were making more dollars than licensed MD brain surgeons, the nasdaq crashed 80% to wipe out fortunes and ship the jobs over to India, making TC questions the last thing on their minds.
It took 15 years for engineers to shed the shame of dotcom bubble.
Question: how can these ludicrous valuations and salaries hold up much longer? Is the guy bragging about 20 LC under his belt, a shitty degree, and 600KTC worth anywhere close to a brain surgeon?🤔🤔......I'm sure we all feel overpaid...but any thought otherwise??
#tech
comments
They will continue to be worth their price if:
- They're consistently capable of solving problems that are sold at a price tenfolds higher than their salary (e.g. scale)
- Qualified professionals are relatively scarce
It's not about what you or society think about what they "deserve", how difficult their work or how long they spent practicing. It's about the price of the problems they solve reliably again and again.
Also brain surgeons or whatever are cream of the crop of MDs. They’re like the fangs of the doctor world. All industries have tiers within.