/biz/ - Business & Finance

You’re holding this premise on the basis of being a wagie. LOL. AT. YOUR. LIFE.

>>54334255
why do they seethe so much?

>>54334255
But I'm in my first term at med school, OP. I should be fine, no?

>>54334255
how do i short software engineer salaries

>>54334281
Depends on your specialty, but yes, medicine will be fine. Doctors are absolutely RUTHLESS at protecting their salaries, they have huge organizations lobbying the government to prevent competition.

>>54334309
>but yes, medicine will be fine
Healthcare is a shitshow.

>>54334289
You don't because they may not even go down since computers are so useful. Since we're early in a inflationary period and of construction, you actually want to go long on classic engineering professions like oil & gas, electrical, civil and ignore swe for this period and long again after because I don't think computers can be stopped

>>54334429
software engineer here, they're already going down

Lmao at various engineering plebs fighting it out over who has it the least worst. Data science jobs are the meta.

> Barely changes YoY, statistics remains the same as it was back when I learned it in uni
> Mostly automated, literally just click a few buttons and "run the analysis" while I sit on my ass
> Only real work is having to explain shit to people, but chatgpt writes the first draft for my reports
> Meanwhile actual coders have to learn new shit all the time, working till 10pm to find that illusive bug in their code, and broader engineering chumps like ME earn jack shit.

>>54334508
Data Science is by far in the most danger of being made utterly obsolete by AI advancement. Good luck anon.

>>54334255
i switched from premed to CS in college and it was the best decision i made

>>54334309
Lol it'll be exactly like any union. A few grifters will do well and the majority will suffer for years waiting on a grifter spot to open.

>>54334508
You admit your job is replaceable yet act smug

Anon I'm confused are you laughing at me for starting uni into CS at 25 or are you laughing at all of us or are you laughing at yourself

>>54334309
doctors will be one of the first to be automated. Your job as nurse cleaning senile fucks' shit is secure though, robots can't do that yet

>>54334580

It is replaceable, but normtards, especially businesstards are so fucking useless they need a guy to explain what the data shows to them. Morons think they need someone with a background in statistics like me, when in reality a monkey could do this job. They will never work it out though.

>>54334429
It's not that computers will ever go away but that there will be too many developers on the market. CS new graduates are already oversaturated.

>everyone tries to get into med school to only end up with hundreds of thousands in debt and middle aged before actually breaking even on high income
>then everyone tries to get into law only to find out the field is saturated to shit
>then everyone tries to get an engineering degree only to find out they're actually dumb as fuck and don't care about their discipline and the pay begins to stagnate

moral of the story is stop trying to preempt the highest paying salaries, they are constantly shifting from one thing to the next
in the end it's absolutely futile; your corpo overlord will NEVER provide you with enough income to run off the plantation without:
>making big sacrifices
>taking on big risks
>spending at least a decade of your life grinding
if you cannot cope with this you get to remain a shitstained NEET in poverty

I almost swapped from CS to Civil because I find that kind of work more interesting, but my college refused unless I did a whole ton of extra work. I guess I dodged the bullet there, but programming still sucks ass when you have to answer to half a dozen managers.

>>Design engineer
My job is in extreme demand. The problem is a generation of cucks above me that were ok with doing 10 hour days on salary, with no chance of a raise. Now i dont have the heart to tell them I'm not sticking around. Nobody in their right mind would work for a company that doesnt invest in itsself.

The jews are taking the money and runnin'

>>54334255
It's already over for codemonkeys. The gravy train is over for the tech bubble. Tech companies are no longer competing to attract useless codeniggers just to grow their payrolls to create the illusion of growth to investors so their stock goes up. Salaries will plummet over the next 10 years for the few software engineers left who aren't replaced by AI.

>>54334309
no its not you fucking retard. AI is coming for them too and i cant fucking wait.

EE was a mistake, I should have just become a plumber

>>54334508
>elusive

>>54334255
you're assuming that engineering majors actually have to work in the field of engineering
yes, "engineering" jobs don't pay that well, especially to start
but companies hire engineering majors all the time for other things, since they just need smart people

>>54334255
Cope seething IT cuck
AI will replace you, while I, an electrical and energy tech engineer, will continue to plan stuff and, when AI finally comes for me, I will just go into electrical hardware installations

>>54334309
The problem is you don’t start making good money until your early-mid 30’s and you have 6 figures in debt upon graduation. All the doctor wagies I know will work 60 hour weeks until they’re practically dead.

>>54334255
Electricity trading chad represent

>Requires both engineering degree and trading experience, almost no qualified candidates.

>The bonuses of Citadel without the slave mentality and constant layoffs

>Work that is fulfilling, you decide what plants run on the electricity grid each day

>Go outside after your shift, feel the wind in your face and know that's what you've been trading the past hours

>>54334309
You have no idea what you’re talking about. CMS just gave a physicians yet another reimbursement reduction and they bent over and took it like the good little bitches they are. Doctors get bossed around by 27 year old MBA’s in hospital administration and private equity all day and don’t do shit. Doctors are the worst example of a profession standing up for itself. Good luck being forced to give people mRNA poison and gender affirming care just to satisfy MACRA requirements and keep the suits off your back.

>>54334447
software engineer making $300k TC with 3 years experience, no they're not kek. I made my boss compensate me for inflation this year. True inflation, not the little 2% bullshit.

>>54334309
kek coping hard, AI already does a better job of anesthesia than humans

>>54334255
there are some studies indicating this is caused by adoption of remote-first approach, more and more work is done by remote ICs or whole remote teams, so naturally there is a vast and growing talent pool in Europe and Asia that can deliver the same thing much cheaper than people located in the USA

over the last 10 years or so you could see software engineering salaries in USA stagnate, while they are skyrocketing in countries in Europe (especially eastern) or Asia

so I guess SV and NYC will remain local salary bubbles for some time, until the top tech companies complete their transition into remote-first or even fully remote setup, so probably like 5 years. just in time for metaverse to really kick in to make remote work as effective in all categories as on-site, so there would never be a need for any on-site work in tech companies again

>>54335228
GPT4 with plugins will finally free entrepreneurs from the iron grip of overpaid autism virgins. we can use the 300k to hire more hot girls in marketing

>>54334255
I can't tell if this is one pajeet engineering student that realized he was lied to about the salary range or if this is an entire class that just graduated or what, but goddamn you're fucking stupid.

Every single school tells you you're gonna make more money than you do with your major. It's on you to actually get a good job and exceed the normal range.

>>54335285
Based. I had a hot girl as a scrum master once and she was carrying the team.

>>54334845
so what's your solution anon, how do you propose we make it?

>>54334255
I've noticed multinationals employing engineers with bachelors degrees from second and third world countries as foremen with salaries 10%-20% above those of the workers.

>>54335347
I would tell you a 140k per year job that you can get with a 2 year degree, but if I told you about it I would make less money.

I'm a programmer with no college and make $160k doing something I enjoy. Lol yourself

>>54334591
ill be so glad to see that, i fucking hate doctors so much its unreal. maybe a fucking robot will actually diagnose and figure out the best plan to help me instead of prescribing me jew pills just to get me to fuck off and die gracelessly in my apartment. fuck doctors.

>>54335347
>stop chasing the highest paying job, you need to exploit an inefficiency in the labor market, don't try and anticipate what that's going to be a decade from now, just pick something and stick with it
>finish schooling as fast as possible to find a job that pays for skills, don't change majors or change schools or some other retarded shit
>once you have a much larger income than you used to, exploit your ability to live like a cheap scummy third worlder for as long as you can tolerate and invest the excess aggressively until a year of market fluctuations exceeds your employer's exploitative biweekly goodgoy bux coupon
done
this has literally never ever changed

>>54334335
Only if you’re not a doctor or a nurse

>>54335257
The bigger issue with overseas labor is that there is too much temptation to go for the extremely cheap dummies over the cheap smarties. Time and time again I see the lowest bidder get a contract only for them to fuck it all up because they only use durgasoft certified needful doers. At the end of the day you always get what you pay for, and if you cheap out your projects will reflect that.

>>54334255
What's the solution? Just become a politician, that's it? Will there at least be a secret police or something like the Soviet Union hellscape where you can become a party loyalist and get close to the money printer not to stave?

>>54335545
lol it's something I found somehow weird, that for whatever reason talent in India seems objectively worse than any other place, their ICs and leads are just so bad relative to their experience and salary expectations. it's better to get a 3-dev team from Poland for example than like 10 guys from Bangalore... cheaper too

>>54334255
This is by far my favorite meta-post on /biz/

>>54334255
STEMcel here. Got offered a 90k job starting out of school for electrical engineering. You have to avoid places with old management. They are anchored to salaries of 60k. The younger the CEO the easier it is to talk about salaries. Avoid old people (60 year olds)

Stop complaining, tradies have it even worse

>>54336899
Lower. Your. Tone.

>>54336514
i got my EE job at 70k out of school a decade ago
now its also 90k

you're going to find out that you're just getting paid the same as new kids out of school for the rest of your career

>>54336514
Yeah I'm getting fucked in the ass a ME at 70k with 4 yrs exp... What kind of jobs/industry should I look for?

Engineering is harder than being a doctor, or a lawyer. Why are those assholes paid so much? An engineer keeps thousands alive. I say let the system rot. Enjoy your new engineer, Ranjit from calcutta. Don't drive over any bridges he built too fast mind you.

>>54335477

Won't happen. The AMA is a powerful lobby that has gotten away with unimaginable shit. It doesn't matter if a robot can do a job if it's illegal for it to prescribe anything.

>>54334255
Learn to fly and you'll be set for life and never have to worry about anyone replacing you.

Infosec engineer Chad making 270k(financial firm). I cover network/perimeter security, app sec, endpoint, identity management , and half of the vulnerability management
program.

They make me wear a ton of hats but the work is laid back and easy, just huge unlimited scope and I work mostly remote but now have to go in 2-3 days a week.

Problem is: I’ve made. 5k more on my salary in the last 2.5 years. No good, things are reallly catching on

>>54337674
>Emirates
Semites are all greedy, makes you think

>>54335160
How did you get in this field? Sounds hella interesting

I have 2yrs of project management experience in EE. Is this enough to pivot?

>>54337615

Licensure. Same as always, all the way back to the guilds. It's illegal to hire someone who isn't in the club, and membership is restricted.

>>54334515
AI will just make new AI models by itself.. magically CHUD!
BECAUSE IT JUST WILL

>>54334976
whats wrong with it? im going to graduate in a year.

>>54338407
This but unironically.

>>54334255
>prices outpacing most wages
More evidence there's no price support except around tech hubs, and those guys are getting laid off or being forced to return to the office right now.

>>54334255
cheme here.
started at 70k 3 years ago.
now at 99k.

it fucking sucks. im switching to software via my masters that my company is paying for.

>>54337866
>https://careers.nrgenergy.com/nrg/job/Princeton-Real-Time-TraderDispatcher-NJ-08540/918359700/
Heres an example. They list fields of prior experience. Theyre all other energy companies doing the same. So go google their careers page.

>>54334255
I think AI will take over software engineering. It can already create simple, pajeet-tier code. Only a matter of time now.

>>54339851
>I think AI will take over software engineering.
It will take it over the same way the tractor replaced farming by hand . Or how the computers replaced rooms full of human calculators. The talented software engineering's will still have jobs.

>>54337313
yikes
i made 75k fresh out of school in 2018
i went to b school and will be making 200k+ in 2023
escape engineering, nerd

>>54334255
This is civil engineering you retard. Your job is just to memorize the book and repeat the regulations. When was the last time you "engineered" anything?

>>54339962
>99 percent of the people in his example were let go
I don't think that's the winning argument you think it is bud.

>>54335207
Bleak. Covid times really did stain the reputation of doctors forever. They should be a profession with such a high skill level and prestige that they carry the discussion. Instead their strings were pulled by big pharma to the serious detriment of public health with hardly a whimper of resistance. Their credentialism gets them far, but ultimately actions speak louder than words.

>>54339592
Thanks anon.
Before you go. How much do you get paid? And how much should newcomer in the industry expect?

>>54334309
doctors will prob be replaced in a few decades.
PAs and nurse practioners have already taken over and honestly as a patient, do a much better job at bedside manner.

i dont need a fucking MD to do physicals on me. doctors overseas make similar to other careers like engieners and techies.
in america they make 3-4x for what?

>>54334309
Half of all healthcare spending is by Government.
Goverments about to face debt crisis.

Forecast looks like shit for doctors

>>54334255
It's reduculous how much software engineers are paid in the US

I'm a engineer on 130k in shitty aussie dollars and wanna scream

>>54342466
college costs $200,000

which is why despite knowing 4 different languages and programming for a decade I'm still stuck at $20k/year wageslaving.
>just go back to college!
how do you pay go to college full time and still pay rent?

rich get richer is all it is
marx was right

>>54334255
What the FUCK will be the point of existing if AI will end up doin 90% of jobs?
I wish nothing but despair and anguish to the elites pushing AI

>>54334255
>mfw I moved to product management right on time

why do people always say
>this salary no longer keeps up with the cost of living
>this salary will never buy me a house
okay so, your salary is what the company gives you. The company does not buy you a house. YOU buy yourself a house. so stop comparing your salary to the cost of living or the price of a fucking house because they aren't even the same fucking thing.

>>54342611
How about we organize looter and squatter squads and take over extra houses from said company CEOs?

>>54335285
Imagine thinking that a none software engineer could deliver software just because of ChatGPT.

>>54337674
>Salary increases only 10% in 12 years

>>54342544
Product managers are the ones getting canned at all the big tech firms.

>>54342692
Roasties product manager are getting canned in big tech firms that employed them for quotas
But real product manager with technical skills will be even more needed now that AI can do all the technical part of the product, humans bring strategy to it

>>54337674
>Goes six gorillion in debt to be trained