I've been a professional since 2016, i know that doesn't make me an old timer but... when were the salaries higher compared to last couple of years?
just for context I'm located in EU and I consider faang type jobs and compensations something that happens in a minuscule of cases in land far far away. if you look at salaries in "ordinary sw jobs" they may not have been higher in the past, but when adjusted for cost of living (and housing) and inflation, they definitely haven't been keeping up with the times
also in the past when engineers were considered "magicians" it was not uncommon to have royalties for authoring, license agreements in place for very simple low hanging fruit type of applications. this is completely opposed to current power dynamics where employers got the hint and redrafted the employment contracts to make sure most engineers are replaceable cogs in a cost centers dishing out lines of text. I'm not complaining, just giving examples about the decrease in the prestige and benefits in the job itself...
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just for context I'm located in EU and I consider faang type jobs and compensations something that happens in a minuscule of cases in land far far away. if you look at salaries in "ordinary sw jobs" they may not have been higher in the past, but when adjusted for cost of living (and housing) and inflation, they definitely haven't been keeping up with the times
also in the past when engineers were considered "magicians" it was not uncommon to have royalties for authoring, license agreements in place for very simple low hanging fruit type of applications. this is completely opposed to current power dynamics where employers got the hint and redrafted the employment contracts to make sure most engineers are replaceable cogs in a cost centers dishing out lines of text. I'm not complaining, just giving examples about the decrease in the prestige and benefits in the job itself...