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ratcuisine t1_iu2odpl wrote

Reply to comment by [deleted] in Facebook parent Meta's stock plummets after dismal earnings report. by SUPRVLLAN

Yeah me and my friends at FAANGs are predicting a crash in high end tech pay over the next few years. Stocks won’t be refreshed across the industry over the next few years and people will hit their four year cliffs. But then they won’t have anywhere to go to re-up their pay.

It’s been a good couple of decades being overpaid but it had to end at some point.

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nicejaw t1_iu3vd45 wrote

It’s okay if tech salaries drop because the pandemic and remote working has created a new trend: dual employment.

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[deleted] t1_iu2y0y4 wrote

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jdmcnair t1_iu316ib wrote

Stockpile, yes, but I don't think going for a secondary skill is necessary. It's not like people in tech are going to suddenly not be able to find work in tech, it'll just be less lucrative. I'm willing to bet it'll still be more than most people in other industries will make.

Edit: I mean, I guess there's always the post-apocalyptic scenario, which isn't out of the realm of possibility. If that happens it may be helpful to have secondary skills in making football pad armor or knowing how to make fuel from pig shit. But, as long as civilization still stands, I don't think tech people need to start hedging their bets by skilling up as an accountant or something.

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[deleted] t1_iu31nyp wrote

[deleted]

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jdmcnair t1_iu323bo wrote

See edit above. I think it speaks to some of that. People in tech may make less than they have been, but they'll still be in demand for tech, and still make much more than they would by pivoting to a new career.

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ratcuisine t1_iu2yggf wrote

Not a bad idea. Wish I had stockpiled more before all this crazy inflation hit.

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