Will software engineering salaries/TC continue to boom in the next 10 years?
Many of the younger engineers were too young to remember that inflation adjusted TC was a lot lower 10-15 years ago. Software engineering TC has significantly outpaced inflation since then. It is now a very lucrative field. Believe It or not, back in the mid 2000s some folks punted on software and went into fields like accounting, physician assistant, pharmacy, and law because they felt that was the path of higher expected earnings. What about the next 10 years? Will this field continue to boom?
I can't think of any reasons it wouldn't continue. I'm sure there will be hickups along the way but the demand of technology will compensate. There are still a couple billion people who are not connected to the internet. At some point they will need likes, crypto coins, drones and other hi tech shit. Us, who already have those things will need fully autonomous cars, sex robots and AI wives. The critical point will be when the superintelligence arise. That's going to take all our jobs but that's not going to happen in the next 10 years.
Wow sex robots. Can I have one of that :)
Competition is tough :) https://m.huffpost.com/us/entry/us_59cec9f9e4b06791bb10a268
The next decade looks promising. The need for people with technical backgrounds goes way beyond tech companies as more and more industries automate and digitize things. While there’s a surge in people studying computer science there’s an even larger surge in available jobs. “Just last June, two computing organizations published an open letter announcing there were 500,000 open computer positions in every sector such as manufacturing or banking — but only 50,000 computer science graduates a year. And according to Computer Science Zone, there will be 1 million more computing jobs than employees to fill them in the next 10 years.” From http://college.usatoday.com/2017/02/15/calling-all-computer-science-majors-jobs-are-waiting-for-you/
Yea the next couple decades are going to be a good run. It will snowball as more and more industries get disrupted. Who thought hospitality and taxis would be tech?
I have been in the workforce since 98 and experience first hand the boom and the bust. When I first started, everyone wanted to be an MBA or lawyer. I remembered thinking why an engineer got like 2 project managers and a manager and got paid so little while he/she was the one who built he product. Even then, there was a myth of engineering shortage and companies made us training cheap labors in India and we were forced to handhold these resources in the early 2000s. I am actually glad that Engineers get better paid than the MBAs nowadays as it should be. I am also glad companies like google show that you need to make an investment in house in hiring the best instead of hiring MBAs to outsource the jobs outside. With automation, I feel like engineering salaries will hold up. It’s the business and finance side that might not do well in the future.
Define a super engineer.
We were just recovering from the dotcom crash in the mid 2000s. You should compare to 1999.
I was not in USA in late 90s. Were salaries as high as they are now (inflation adjusted) ?
I thought BS grads back then could get 75-85k/yr which is probably about 115-125k now, so I’d say similar for those starting out. Not sure on the senior positions at the time.