My firm's advertised billing rate for my time is $175/hour as a Sr Software Engineer. I take home ~$80/hour, accounting for benefits and time off. If I freelanced I could presumably charge my firm's rate, or even more.
This is in a mid-COL city in the US, not a coastal tier 1 city with prime software talent that could charge even more.
Ironically, the freelance consulting world is largely on fire due to the lowered barrier of entry and flood of new consultants using AI to perform at higher levels, driving prices down simply through increased supply.
I wouldn't be surprised if AI was also eating consultants from the demand side as well, enabling would-be employers to do a higher % of tasks themselves that they would have previously needed to hire for.
That's what they are billed at, what they take home from that is probably much lower. At my org we bill folks out for ~$150/hr and their take home is ~$80/hr
On the one hand, there's the moral argument: we need janitors and plumbers and warehouse workers and retail workers and nurses and teachers and truck drivers for society to function. Why should their time be valued less than anyone elses?
On the other hand there's the economic argument: the supply of people who can stock shelves is greater than the supply of people who can "create value" at a tech company, so the latter deserve more pay.
Depending on how you look at the world, high salaries can seem insane.
I don’t even remotely understand what you’re saying is wrong. Median salaries are significantly higher in the US compared to any other region. Nominal and PPP adjusted AND accounting for taxes/social benefits. This is bad?
Those jobs you referenced do not have the same requirements nor the same wages…seems like your just clumping all of those together as “lower class” so you can be champion of the downtrodden
