Viewing a single comment thread. View all comments

Appropriate_Ant_4629 t1_j9ubt3u wrote

> I understand that I am not personally helping the situation but I am not going to take a huge paycut to work on those problems especially when that paycut would be at my expense

I think you have this backwards.

Investment Banking and the Defense Industry are two of the richest industries in the world.

> Those models are being built by contractors who are subcontracting that work out which means its being built by people who are not getting paid well ie not senior or experienced folks.

The subcontractors for that autonomous F-16 fighter from the news last month are not underpaid, nor are the Palantir guys making the software used to target who autonomous drones hit, nor are the ML models guiding real-estate investment corporations that bought a quarter of all homes this year.

It's the guys trying to do charitable work using ML (counting endangered species in national parks, etc) that are far more likely to be the underpaid interns.

3

maxToTheJ t1_j9vpq25 wrote

>The subcontractors for that autonomous F-16 fighter from the news last month are not underpaid, nor are the Palantir guys making the software used to target who autonomous drones hit, nor are the ML models guiding real-estate investment corporations that bought a quarter of all homes this year.

You are equivocating the profits of the corporations vs the wages of the workers. Also you are equivocating "Investment Banking" with "Retail Banking" the person making lending models isnt getting the same TC as someone at Two Sigma.

None of those places (retail banking, defense) you list are the highest comp employers. The may be massively profitable but that doesnt necessarily translates to wages.

0