this post was submitted on 28 Aug 2024
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That's inline with Silicon valley salaries. Basic houses cost 2mil there, so it's not completely outrageous.
As an example, openai pays all its engineers 300k flat+500k/yr in some stock based asset. Another example is Netflix, who are notoriously a very fickle employer, but salaries start in the 400k range and go up from there.
Yes, the article makes the point that Signal needs to compete for talent with the rest of Silicon Valley. I get that. And we've all heard about the nearly unfathomable amounts of money that tech companies throw around. When you break it down to individual salaries, though, and see that even normal people in normal jobs are making a million dollars a year between salary and stock... well, I think it really exposes the spectacular wealth inequality that we have allowed to fester. I mean, sure, shelter costs may be high in Silicon Valley, but the cost of other goods remain about the same. A $50,000 truck that an average person in Nebraska might have to save for years to afford is barely a rounding error for folks making a million a year. I'm no economist, but it does seem like there are consequences for this kind of ever-growing wealth inequality.
It is also absurd on its face for a multi-millionaire developer to place a "Donate Now" button in an app and talk about being a non-profit to tug at the heart strings of people who make one-tenth of what the developers are making. It's feels like Scrooge asking Tiny Tim for a donation.
Anyway, I don't blame the developers for this absurd situation, and I do appreciate Signal, and Meredith is clearly a cool person who is fighting the good fight against big tech surveillance. But every once in a while an article like this reminds me how deeply fucked up the world is. It seems we are approaching pre-French Revolution levels of economic disparity, and maybe it helps explain why so many working class people are pissed off.
I cannot WAIT for the inevitable market correction on SWE salaries. Entitled bastards.