[paganel]

The people going after "wealth" are a minority. The majority of us are salaried people who go to work in order to have a roof over our heads, to pay the bills and put food on the table and maybe to have enough money to have some kids.

The majority of us don't actually know what we "have", because it isn't that much anyway. We do know though what we need to pay in the next 10 to 15 days(and if we somehow forget there's where anxious dreams come into play to help us out with that).

[hikawaii]

Given that the average mid level developer makes a salary and stock grant putting them well into the 1% (in USA) I find it questionable that the majority of people are "just" trying to keep a roof over their heads.

[_2uwr]

A 1% wage with a 0.1% cost of living is still poor! Its all relative. Stocks dont mean nothing to me. Watch the stock price plummet when founders sell their stock.

There are jobs out there, I've turned down 3 (2xUS, 1xUK/CH) last year I enquired about just to keep in touch with whats on offer and gain insight into projects underway or commencing. Paying 6 figures, US onsite, UK/CH offered remote, working as many hours as I wanted. Turned them down. I think US/Canada remote is rare because of the poor internet infrastructure once you get outside of the cities, Europe has better internet infrastructure so can offer more remote work. Management styles are generally different in the US compared to Europe, with the UK somewhere in between the two regions as usual.

I think people need to understand the different parts of a global economy and realise some sectors some countries wont be or will hardly be affected by the social media downturn especially if they are prepared to work abroad and broaden their horizons.

Plenty of money in China.....

[greedo]

Perhaps your assumption that all "mid level developers" make FAANG income is a bit inaccurate? There are tens of thousands of developers across the US not making big bucks. And to be in the 1%, you need to be making north of $800K. The company I work for employees roughly 100 developers, and not one of them makes more than $150K (we don't award RSUs either).

[hikawaii]

The median income in king county WA is 100k, we can deduce that Amazon devs make quite a bit more than that from levels.

I was more inaccurate or perhaps outdated with the 1% figure, turns out it's 600k.

But in every possible universe, the devs at your "small shop" not making "the big bucks" are making two to three times the median income in the country with the most disposable income per person - which means your counterexample is very weak to the argument that you and your team are making more than enough to be doing more with your finances than "just" keeping the lights on, and to compare that to people in the US who make regular wages for sympathy is kind of egregious.

[jokethrowaway]

Incorrect, it was 320k$ in 2021

You can filter out by other characteristics here: https://igotstandardsbro.com/

[dathanb82]

Just shy of $600K in 2022, based on data from IRS and BLS: https://smartasset.com/data-studies/what-it-takes-to-be-in-t...

[paganel]

Looked to me like the OP was talking more generally, about all people.

And back to developers (I am one, but not living in the US), I don't think most of them own their place of living. I know I don't, so, yes, I have to work in order to have a roof over my head.

[ghaff]

Well, there are property taxes, insurance, maintenance, and other things that can add up even if you have a paid-off mortgage on a house.

[camdenreslink]

The average mid level developer has zero stock grants or equity. Most of the developers I know work for a salary and benefits and that’s it.

[masterj]

Top 10ish%? Yes. Top 1%? No