Crazy High TC!?

Jan 16 310 Comments

Once all the heat dies down, will the sky high TCs get readjusted or not? And why?

Or is this just a HUGE bubble of "hire to fire" across the board, where the first to go out are the High TC mid-senior employees?

TC: $95k

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 TOP 310 Comments
  • McDonald’s $1 menu is $2.5 now. There’s nothing to adjust
    Jan 16 31
    • LOL... Yes look at how much gold has appreciated over the centuries
      Jan 18
    • New
      Bsu38d

      New

      Bsu38d
      Down the street here with in Downtown Brooklyn, so depending on how many McChickens you want it might be cheaper to take a subway ride to UWS...

      I sense an opportunity for arbitrage 🤔
      Jan 18
  • Google
    woloo1

    Go to company page Google

    woloo1
    The basic underlying reason for this growth is because technology is becoming a larger and larger share of any and every business.

    In the past an insurance company might have been 5% dependant on tech. In the last 30 years it's probably grown to 50% tech.

    This is happening across all industries big and small. And hence I feel we are very very far from the market reaching a point where the tech supply will outstrip demand and utility.
    Jan 16 17
    • New
      wuQt33

      New

      BIO
      software engineer
       wuQt33
      Yes @apple in india tc has skyrocketed ~2 yoe gets $75k - $90k at top startups
      Jan 18
    • Amazon / Project
      aspirant😅

      Go to company page Amazon Project

      PRE
      Caresoft Global
       aspirant😅
      People are having hard time to believe what swe’s are making in India for less than YOE 2. While other majors are still struggling. I know a guy who makes $60k in India.
      Jan 19
  • New / Eng
    commandoJS

    New Eng

     commandoJS
    It's due to stock appreciation. Most ppl think markets go up forever. They will be holding massive bags in the next couple of years When the market corrects 60%
    Jan 16 19
  • Cisco
    susco

    Go to company page Cisco

    susco
    Everyone here forgot about the dotcom bubble when anyone who knew html got 6 figures..
    Jan 16 17
    • @mjord, I'm non traditional and within my first year I realized why swes get paid so much, it is a very challenging job that involves brain cells most average people don't plan on using. I too thought it was an easyish skill, but putting that to practice as an engineer is quite painful and only gets easier with experience. Most people really don't want to learn to learn what it takes.
      Jan 19
    • Ford / Eng
      mjord

      Go to company page Ford Eng

       mjord
      Yea maybe i just haven't done anything that complicated. Most dev stuff is just making spring web services and crap like that. Ive seen my coworkers and a few of them seem like the hardworking-but-not-curious type.

      They are not the types of people who go home and learn Haskell. And they are perfectly suited to the job
      Jan 19
  • Amazon
    amzn$$$

    Go to company page Amazon

    amzn$$$
    People generally don’t take kindly to having their pay cut — TC is not going to go “down” unless if there’s some wild increase in supply for software engineers. I guess future wage growth might stagnate but no signs of that happening
    Jan 16 3
    • Amazon
      amzn$$$

      Go to company page Amazon

      amzn$$$
      Yeah true the market for juniors feels way more saturated than it did like 5 years ago. But in practice there is still a shortage of really talented people both at the junior and especially senior levels. Seems like bootcamp grads aren’t nearly as competitive as CS grads for most FAANG/unicorn jobs. Probably not the way things should be but it’s the way things are
      Jan 16
    • New
      ctjj40

      New

      ctjj40
      Because boot camps don't teach the same level of DS/Algorithms that a CS degree does. There's a difference between a coder and a SWE.
      FAANG wants SWE's who can code, not coders.
      Jan 18