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The median salary for a software engineer in the US is something like $70,000 a year last I checked on the Bureau of Labor Statistics. A gigantic portion of those 26 million people “in tech” work boring help desk jobs or run the IT for small companies or whatever. It defies logic that FAANG etc would pay people with a few years’ experience a half a million dollars in total comp if they were so easily replaceable.
Plus, remember that there always are people willing to do it for less. Unless customers pitch in.
Unless UNIONS pitch in