They’re not over compensated since do business makes more from them than their compensation. But they are highly compensated compared to many fields yes
No, I do mean overcompensated. I’m unemployed right now, and the salary ranges I see in descriptions for senior-level positions are absurd. I don’t think anyone needs to make more than $200k a year, whether they’re a CEO or writing code.
Sure, I don’t think anyone needs to make over $50k a year. But that doesn’t mean they’re overcompensated. I had a coworker once who through one month of work netted the company over a million a year forever. He was woefully undercompensated relative to his value to the company at 200k
They’re not over compensated since do business makes more from them than their compensation. But they are highly compensated compared to many fields yes
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No, I do mean overcompensated. I’m unemployed right now, and the salary ranges I see in descriptions for senior-level positions are absurd. I don’t think anyone needs to make more than $200k a year, whether they’re a CEO or writing code.
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Sure, I don’t think anyone needs to make over $50k a year. But that doesn’t mean they’re overcompensated. I had a coworker once who through one month of work netted the company over a million a year forever. He was woefully undercompensated relative to his value to the company at 200k
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It sounds like you’re looking at FAANG type businesses in the US. In Europe at least I haven’t seen such outrageous salaries.
Maybe those salaries are normal in the bay area because of the equally outrageous housing prices there?
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There are a lot of pre-profit pre-IPO companies in USA paying remote workers over 200k for seniors, so it’s not just FAANG
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Some are what you describe, others are established, private non-big-tech corporations. A lot of banks and other fintech places.
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