Hey so just to be clear: a 200k comp package nowadays is the equivalent of about 81k in 1990.
Put another way: I am doing a good bit worse than my dad was at my age, despite being a pretty solid and experienced software engineer, with an EECS degree, and a lot of devops and system design experience.
This is the collapse of the American social contract. Even people like me who are ostensibly in “great” jobs are treated like code monkeys, and adjusted for inflation, it’s flat or worse than 30-35 years ago. We are doing worse than the generation before us. The American Dream is a nightmare.
Were people getting paid $81k in 1990? This site shows that 95th percentile in 1990 was $58k, and doesn’t have more granular data than that above the 95th percentile. So someone making $81k was definitely a 5 percenter, maybe even a 2 percenter.
That site is talking about averages, assembly across the board. The person you’re talking to is explicitly talking about CS jobs, like software developer or system engineer.
This data to me didn’t show much in the way of by-field statistics. If we’re comparing software development pay at the naîssance of the field to today, it should be complicated to do so. I’d expect to look at top 5% at the very least because of how new and niche computing and coding in general was in the 90s.
You have to expect that OP, who is well established in his field, to compare accordingly, not with average pay of 1990.
You have to expect that OP, who is well established in his field, to compare accordingly, not with average pay of 1990.
I’m talking about a number that is 1.4x the 95th percentile generally. It’d be weird to assume that programmers were getting paid that much more than doctors and lawyers and bankers.
According to this survey series, median IEEE members were making about $58k (which was also the average for 35-year-olds in the survey. Electrical engineering is a closely related discipline to programming.
So yeah, an $81k salary was really, really high in 1990. I suspect the original comment was thinking of the 90’s in general, and chose a salary from later in the decade while running the inflation numbers back to 1990, using the wrong conversion factor for inflation.
Unions are part of the social contract, its very simple. Those that have aren’t too harsh on those who have less, or we drag them into the street and tear them limb from limb like wild animals. We’re simply working through the various stages between complaints and dismemberment.
I think it’s the same in all developed nations; constantly needing more skills to achieve the same standard of living. I think a lot of it is from nearly all resources getting more expensive to extract (oil, wood, iron, etc) due to us having already extracted all the low-hanging-fruit, and needing to move on to more resource-intensive methods like offshore-drilling, fracking, importing lumber long distances from harsher climates. The other drivers are the attacks on labor and executives/shareholders taking more profits for themselves instead of paying their workers more.
Your last point is where I’m putting most of the blame. We’re all doing worse because a few people at the top always, ALWAYS have to do better than last year.
Eternal growth is physically impossible. At some point, shit will have to stagnate, and if shit starts to stagnate, but the top still insists on eternal growth, they’ll have to take some from the bottom. That’s what’s happening right now. The top can no longer keep making more money off of an industry in development, so instead they’ll cut costs, costs being you, the worker, and hope they die before it all collapses under them.
Hey so just to be clear: a 200k comp package nowadays is the equivalent of about 81k in 1990.
Put another way: I am doing a good bit worse than my dad was at my age, despite being a pretty solid and experienced software engineer, with an EECS degree, and a lot of devops and system design experience.
This is the collapse of the American social contract. Even people like me who are ostensibly in “great” jobs are treated like code monkeys, and adjusted for inflation, it’s flat or worse than 30-35 years ago. We are doing worse than the generation before us. The American Dream is a nightmare.
Were people getting paid $81k in 1990? This site shows that 95th percentile in 1990 was $58k, and doesn’t have more granular data than that above the 95th percentile. So someone making $81k was definitely a 5 percenter, maybe even a 2 percenter.
That site is talking about averages, assembly across the board. The person you’re talking to is explicitly talking about CS jobs, like software developer or system engineer.
You can’t really compare the two.
This data to me didn’t show much in the way of by-field statistics. If we’re comparing software development pay at the naîssance of the field to today, it should be complicated to do so. I’d expect to look at top 5% at the very least because of how new and niche computing and coding in general was in the 90s.
You have to expect that OP, who is well established in his field, to compare accordingly, not with average pay of 1990.
I’m talking about a number that is 1.4x the 95th percentile generally. It’d be weird to assume that programmers were getting paid that much more than doctors and lawyers and bankers.
According to this survey series, median IEEE members were making about $58k (which was also the average for 35-year-olds in the survey. Electrical engineering is a closely related discipline to programming.
So yeah, an $81k salary was really, really high in 1990. I suspect the original comment was thinking of the 90’s in general, and chose a salary from later in the decade while running the inflation numbers back to 1990, using the wrong conversion factor for inflation.
There never was a social contract, there never was anyone bound to look after your interest. That is why unions are the answer.
Unions are part of the social contract, its very simple. Those that have aren’t too harsh on those who have less, or we drag them into the street and tear them limb from limb like wild animals. We’re simply working through the various stages between complaints and dismemberment.
I think it’s the same in all developed nations; constantly needing more skills to achieve the same standard of living. I think a lot of it is from nearly all resources getting more expensive to extract (oil, wood, iron, etc) due to us having already extracted all the low-hanging-fruit, and needing to move on to more resource-intensive methods like offshore-drilling, fracking, importing lumber long distances from harsher climates. The other drivers are the attacks on labor and executives/shareholders taking more profits for themselves instead of paying their workers more.
Your last point is where I’m putting most of the blame. We’re all doing worse because a few people at the top always, ALWAYS have to do better than last year.
Eternal growth is physically impossible. At some point, shit will have to stagnate, and if shit starts to stagnate, but the top still insists on eternal growth, they’ll have to take some from the bottom. That’s what’s happening right now. The top can no longer keep making more money off of an industry in development, so instead they’ll cut costs, costs being you, the worker, and hope they die before it all collapses under them.
But the filthy wealthy gotta grow their wealth somehow!
I lived in Denmark for a few years, and no, it isn’t the same in all developed nations.