> At that level, then yes, I think we could stand to see a bit of downward pressure on salaries.
Why??
If you're a lawyer specializing in sovereign debt restructuring and charge $2000 an hour, we don't hear about downward salary pressure.
I've never heard anyone complaining that petroleum engineers are too expensive, even if it takes them a Master's degree and an extremely costly speciality to understand their profession.
If we're playing the all-out capitalist game, then as a salaried employee you should go for all the leverage you've got, because your employers are doing the same through these and similar maneuvers.
It hurts innovation. People that good will be locked (with golden handcuffs) into large companies that can afford them.
Start-ups rarely can offer large fractions of a million dollars a year in salaries. Maybe they need to bring the entire initial development team on board as co-founders; I don't know. But right now getting good people to work with you in a start-up is harder than it ever has been before.
Sucks to be them then. If there was such a shortage we'd see more companies offering actually competitive salaries in the software industry.
Software engineers might be well paid on average but they're not better paid than many other professions requiring similar levels of training. If this is such an issue, companies should spend resources training staff for the roles they need. Like they used to.
Why??
If you're a lawyer specializing in sovereign debt restructuring and charge $2000 an hour, we don't hear about downward salary pressure.
I've never heard anyone complaining that petroleum engineers are too expensive, even if it takes them a Master's degree and an extremely costly speciality to understand their profession.
If we're playing the all-out capitalist game, then as a salaried employee you should go for all the leverage you've got, because your employers are doing the same through these and similar maneuvers.