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From the article: the top of the pay scale were elite ai labs such as Openai, as well as hedge funds such as Jane Street that are also betting heavily on machine learning. In this tier, median pay exceeded $400,000 a year. Below that were tech giants including Alphabet, Microsoft and, until recently, Meta, where median pay was closer to $300,000. Experienced developers at most other companies earn much less. Their median was around $180,000 (see chart 2). —- A median of 180K is mostly definitely raking it in compared to the median of all US employees. I’m well over double the household median income in my metro area and while I don’t feel like I’m raking it in, I guess I am when compared to others. This just seems like a silly article. |
$180k/year gives you $118,970 after tax
$300k/year gives you $186,880 after tax
I.e. the gross jump from $180k -> $300k is 67%, but the net jump is 57%. You have to increase the gross more to attract people, because take-home pay is what matters to them when switching job.
[0] https://www.mypaycalculator.net/us-paycheck-calculator/calif...