Shulou(Shulou.com)11/24 Report--

According to news in the morning of May 30, Beijing time, recently, practitioners in the US technology industry have begun to worry that the era of high pay in the technology industry may be coming to an end.

Last month, a survey on the anonymous job search website Blind attracted thousands of votes. Users are debating whether $500000-a-year jobs in the technology industry might disappear. In the post, an Oracle employee said that the total compensation of project managers could reach $500000 between 2019 and 2022. At the same time, the average salary of a software development engineer is $350000, and the annual salary of a recruiter can reach $200000.

The user asked: "is this era over? will pay be rebalanced and return to 2015 levels? at that time, only directors with more than 100 subordinates could reach an annual salary of $500000."

More than 14400 users took part in the survey. 51.7% of people believe that the technology industry has reached the end of an era. Blind allows users to post anonymously, but users need to verify their position information through their work mailbox.

One user who works at Amazon wrote: "the technology industry is still very profitable. Salaries will remain the same, but unreasonably high salaries no longer exist. I feel that Meta, Google, Doordash and other companies will no longer offer $500000 salary packages to candidates who currently earn $200000." His post received 150 likes.

Another user from Twitter said they had received "multiple offers" with a total compensation of more than $1.1 million.

One user from Tractable, an artificial intelligence company, wrote: "with layoffs, practitioners begin to accept lower wages. Unless there is a strong demand for technology, this trend will continue. I think there is already a surplus of developers, so demand is likely to fall. If you can get good talent at a lower price (but you don't need to be particularly good), then managers may accept it."

In addition, many practitioners are questioning that pay at technology companies is falling in a downward spiral. An employee of VMware, a cloud computing company, wrote in another post: "do you think compensation like $250000 to $500000 is sustainable in the technology industry? are we touching a bubble that will burst soon?" The post attracted more than 900 comments.

For a long time, the salaries of employees in large technology companies have been significantly higher than those in other industries and companies. In the US, for example, the median actual salary for project managers is $98578, while project managers at large technology companies such as Google may earn close to $220000 a year, according to the Glassdoor platform.

Glassdoor estimates that the median annual income for software development engineers and technology industry recruiters is $130887 and $75489, respectively. At large technology companies, Meta software development engineers earn $187000 to $283000 and recruiters earn $104000 to $171000.

Some technology recruiters said earlier this year that some technology companies are reducing the pay of new hires through layoffs. Major technology companies, including Meta, Microsoft and Google, have laid off thousands of jobs in recent months.

At the same time, technology industry employees have expressed concern about the rapid improvement of artificial intelligence. Dozens of Blind users said they were worried that their jobs would be replaced by artificial intelligence. "Let's face it, the golden age is over," wrote an engineer at Microsoft. "Software engineering is a dying major. Now that GPT is good at writing his own prompts, you'll be rowing without an oar."

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