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> it's not hard to imagine a future where software devs are compensated as least as well as, if not better than, attorneys. That future is already here. Starting salaries for attorneys at top-tier firms are higher than starting salaries for engineers at top tier tech companies, but not by much, around 10%. Once you factor in the 3 extra years it takes to get a law degree and tuition costs, it's fair to say that attorneys are paid less than engineers. While attorney compensation at top firms grows pretty quickly every year (5 years out of school, you can hit 300k with bonus), very few attorneys last this long (average attrition is 3 years), and again, this is only the very top tier. Also, generally attorneys work far longer hours than engineers and have a much more stressful work environment. |
At 40, a good lawyer is making partner and starting to enjoy a share of his or her firm's profits. I'm still sitting in an open office working on Jira tasks without any idea of how my company is doing because engineers are completely isolated from the financial books, even at smaller firms. I am learning yet another JS framework, and not able to network or learn anything related to the business. I'm glorified 'IT'.
The lawyer is wearing $1500 suits, flying business class to meet with clients and other attorneys, has an office and an expense account. I'm relegated to JIRA monkey tasks, and on another death march on Friday evening fixing bugs and eating "free pizza and snacks" our scrum master bought us for working another weekend.
At 45, the lawyer is now making more and more money, and respected more as he's now an experienced attorney, and can assume he will probably continue his upward path for the next 15 years
At 45, I just got replaced by some 25 year olds on H1Bs, and after doing well on several interviews but receiving no callbacks after the in-person, am researching Just For Men™ to get rid of the gray in my hair. I'll find it harder and harder to find jobs as I'm told I'm "not a great fit" for most teams, and will spend increasingly longer time periods completely unemployed, burning through savings. The jobs I do eventually get, will pay less than I earned at age 30.
At 60, the lawyer, now full partner, owns a large chunk of his firm in equity, and can work what he wants. He's made enough to take it easy, or can put in more hours and keep pushing up his salary.
I've pretty much given up as half the corporate jobs in my city were offshored or using H1Bs, and the rest are only hiring cheaper 20 somethings as there is now not much demand since the bubble just popped (again) like it did when I was 30, 40 ,and 50. At this point, I just pray I can make it to 65 and Medicare before getting really sick, and that my 401K will last me until I can take early social security at 63.