Yeah, but net worth is weird because for most people, it just measures age. When you're young, you have nothing in your 401k and you have a brand new mortgage, so you're worth around $0. Negative if you have any student loans.
When you're in your 50s or 60s, the mortgage is repaid, and if nothing blew up, you probably also have a million or two in your 401k, so at that point, it's actually not that hard for a person who had a decent career in the SF Bay Area to be worth $4M+. And many FAANG retirees will probably flirt with $10M+ if they don't spend too much.
Entry-level total comp for SWEs in the SF Bay Area is probably $250k. A senior dev at a public tech company can easily clear $400k. Really senior engineers at FAANG routinely clear $1M.
Bezos is a 0.0001-percenter. Most of people on HN are probably in the top 1% to 5%.
You're in the top 10% in the US if you make $170k/yr.
True. But that’s income, to be top 10% in your net worth you need 1.5m USD and 12m USD for top 1%
Yeah, but net worth is weird because for most people, it just measures age. When you're young, you have nothing in your 401k and you have a brand new mortgage, so you're worth around $0. Negative if you have any student loans.
When you're in your 50s or 60s, the mortgage is repaid, and if nothing blew up, you probably also have a million or two in your 401k, so at that point, it's actually not that hard for a person who had a decent career in the SF Bay Area to be worth $4M+. And many FAANG retirees will probably flirt with $10M+ if they don't spend too much.
Is that in the world? Or in the USA. Idk I thought there would be more millionaires.
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are most people on HN making 170? I feel a bit less privileged now.
Entry-level total comp for SWEs in the SF Bay Area is probably $250k. A senior dev at a public tech company can easily clear $400k. Really senior engineers at FAANG routinely clear $1M.
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Midway through my career, these days I feel fortunate to be making 60k. But I'm in Canada.
It's extremely regional. I was at 160 after less than 5 years in the industry. In the Bay Area, that still put me in the bottom 10% for tech workers
https://www.levels.fyi/heatmap/
The massive economic productivity gains from AI will improve the lives of very few if some form of fair fiscal redistribution is not be put in place.