A subset are paid incredibly well. For arbitrary lines im going to put that at 250k+/year in comp by year 2-3 of your career.
Another large cohort is paid pretty well with salaries from 110k-150k by that same point who have effectively no negotiation power and are given “take it or leave it” deals with the only leverage being to find another job
And even for the incredibly well paid ones, as the other commentator noted, there’s documented proof of organized wage suppression by the corporations
Just the existence of the Bay Area tech antitrust suit and the pittance of a settlement should tell you otherwise. Who knows how sky high developer salaries would be if those companies hadn’t conspired to lower salaries during such a strong and low-interest-rate economy.
A grocery store I worked at tracked finances and they were available to all employees. The grocery store made $270 per worker per hour. New hires were paid less than 1/10 of the value they provided.
I can only imagine how much more exploitative tech is
Another large cohort is paid pretty well with salaries from 110k-150k by that same point who have effectively no negotiation power and are given “take it or leave it” deals with the only leverage being to find another job
And even for the incredibly well paid ones, as the other commentator noted, there’s documented proof of organized wage suppression by the corporations