[lolinder]

Right, and the point of this whole thread is that one end of that bimodal distribution just got a lot smaller than it was 3 years ago, while the other end sits where it always has. There are a lot of people who the FAANG end of the spectrum doesn't have room for anymore who are disappointed to find themselves back on the more sustainable modality.

[lokar]

I agree a lot of people got pulled over into the right hand side during the weird boom and now things are adjusting. But neither side is more "sustainable" than the other (just some individuals expectations). The work is different, the skills are different, the expectations are different. FAANG are not wrong to pay what they pay.

[lolinder]

This whole thread serves as evidence that the upper modality wasn't sustainable at the levels it was operating at, while the lower modality is still going relatively strong. That strongly suggests that one is more sustainable than the other.

FAANG employees like to tell themselves that their salaries are/were well deserved and not merely the result of a bubble, but a lot of them are finding out the hard way that that isn't the case.

[lokar]

There were a lot of these jobs even pre covid. Google had like 40k engineers.

[scarface_74]

And there are 2.7 million software engineers in the US.

[lolinder]

I never said anything about COVID—the software bubble I'm talking about started in the early 2010s.