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Quote from iggy9807:

Maybe on Wall Street. But they make money out of air on Wall st right? Everywhere else the starting salary is $75k and people make about $120k after 5-10 years of work:
http://www.geekwire.com/2012/microsofts-starting-median-pay-beats-rivals-91500/
Looks like Microsoft is paying more now but I wouldn't be surprised if foreigners weren't getting the 91K from the start. To make 200K you would have to have a pretty fancy title like principle architect or something. Few people get that far.
True. However, a 120k salary in Ohio is way better then 250k in the New York City. I literally think that the "exchange rate" is 1:4 or so.
 
Quote from sle:

That's true about most dynamic professions. I, not being a programmer by trade, have used 10 or so programming languages in the last 15 years and that is on top of learning new models, new products etc. Once I moved to prop, it's only gotten worse - your only skill is ability to learn and generate new ideas. I think in any industry, the only way to relax is to make it into the middle management where your main skill is the ability to kiss ass (yet another proof that EQ > IQ).

Medicine is unique since the level of pay there mainly derives from the artificial shortage of doctors, not from the actual skill-set they posses. But even there and around - give it another couple years and people will go to India to get a facelift for a grand vs. paying 10k here and you will heart the same song.

1. That last is already happening a lot. My wife was actually thinking about getting in on the business of referring people overseas for procedures.
2. Yeah, I kicked myself up to middle mgmt. But you're not getting my point: the shortage of which you complain isn't artificial, as you say it is with doctors. It's a direct result of the price being too low. It's a version of the long lines you used to see in Russia under communism: that was regulation of supply by shortage as the price being paid for the stuff those people were buying was too low. Same thing here: people are doing without domestically produced IT help because a bright young person doesn't see the price rewarding him for the work involved in acquiring the skill. I recently interviewed a bunch of people for a job opening, and was really surprised how little was available. Even a couple of years ago you got much better candidates. This is a direct result of price suppression on the part of employers, who really seem to think there's no reason to pay up, and then simultaneously complain of a shortage. Well, duh!
 
Quote from sle:

the only way to relax is to make it into the middle management where your main skill is the ability to kiss ass (yet another proof that EQ > IQ).
You bet, and I've witnessed so many dumb executives while I was IT temping the past 5 years. Unbelievable they were making 2x-4x what I was making.
 
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