[bestouff]

Maybe for some. The illusion they had of a nice job, especially with lots of money promised, made them take too big a credit for their house or whatever. And now they're doomed. You can always say this is their fault for not having foreseen that, but it probably wouldn't have happened to them if they had another, more regular job.

[throwaway9191aa]

Nobody "made" them do anything. I never graduated college, I barely made it out of high school. Where did I acquire this knowledge to save money and live reasonably, while these other software developers are "made" to obtain these lifestyles requiring $300k a year?

My guess is that these people, who are "doomed", don't actually exist. I have a strong suspicion that, over the last few years, most folks got in while it was good, and are happy they were around while it lasted.

Saying they would have been better off with a "regular job" is pretty presumptuous. What if these folks are actually smart people who just saved up while FAANGs were offering huge salaries? What if this isn't actually a big deal? What if it was a good thing that ICs were getting paid a lot of money for a bit, instead of having wages suppressed by investors to prevent situations like "probably wouldn't have happened to them if they had another, more regular job."

Give me the money. Let me choose how I spend it. Don't pretend you know what is best for me.

[brookst]

I’m think you’re saying the economy is zero sun, so if tech hadn’t hired these 100k people there would be an equivalent 100k “regular” jobs that would have been created to hire these poor people who can land a high paying tech job but are too dumb to manage their own lives and finances.

I’m not sure it works that way. With 100k fewer tech jobs, would there not have been fewer regular jobs as well?

[nyarlathotep_]

I think more folks that are "average" (myself at the top of this list--mediocre education and "average" skillset) should carefully review finances if they find themselves in a FAANG role.

The average tenure at these companies is what--18 months? Amazon especially.

I think it's delusional to act like a FANNG-gravy train role is something that'll be around in a decade. Especially now.

[abledon]

'doomed' really?