god dam where they getting that
Maybe that’s the monthly pay
If do contract work that’s not even that much
True, then insurance and no time off or other benefits would suck.
Contract work is rarely direct deposit, though?
US banking is weird. How would it be paid instead?
I’ve never hired a software consultant, but most of the time when I hire a company or person to do contract work like roofing, gardening or similar they prefer to be paid by check. Sometimes they accept credit cards, but usually not when the bill is over a certain amount, due to the cut going to the card company.
Furthermore, “Direct Deposit” is basically a special term used for people getting their wages or salary paid to their bank account, as opposed to receiving it by check or cash. Other types of bank-to-bank transfers have different names, like “wire transfer” or “ACH transfer”.
Americans love overcomplicating things in general, and particularly love using overly specific and technical names for stuff. There’s acronyms everywhere, and things are named after weird technicalities. Like nobody says “retirement account”, they call it “401(k)”, named after the paragraph in the law which defines it.
You find stuff like that everywhere if you look. Some of their coins don’t even have a value printed on them, you just have to memorize how much they’re worth.
In Europe (maybe also elsewhere outside the US?) nearly all transactions are simply direct bank transactions. Occasionally facilitated through some app, but usually it’s just your own bank’s app. Nobody has used checks for decades, and the only reason we’re using credit cards is because the US keeps forcing them on us.
You just have to memorize the coins
Plus they are not even logically ordered by size or anything.
A month!? I know it’s regional but that’s low for a monthly deposit for a contractor!
You’re not accounting for taxes and insurance. You lose way more to both as a self employed individual (at least here in the states)
If you’re a self employed contractor, you’re taking taxes and insurance out yourself, not from what you’d be paid.
Nah, that’s a normal paycheck for a medium level engineer in any American big city.
Nay, daily.
Yeah that’s a very big monthly pay
$150,000/yr (yes big, less than median for software engineers in the US) is $2k/week, $8k/month
Edit: $2k/week after taxes because direct deposit is the context of this discussion
8k/month is 96k/year. Just multiply by 12
this is about a deposit so it’s take home
401k etc makes this fuzzy
They said the US. Ao mathing is hard.
no it’s not. at least where i live, it’s considered poor.
Eh, that looks like typical take home for a staff level engineer in a big city.
Edit: Assuming they get paid every two weeks, that’s an annual take home of $161,122. Depending on state taxes, insurance coverage, 401k contributions, dependents, etc, that’s a base salary of $200-250k. Which, yeah, that’s what I budget for a staff salary.
$161,122
Heck, I’d be pulling more than that if I were a self-employed consultant rather than under a consulting firm, in our small city in northern Scandinavia.
Now I’m raking in a little below that, and I’m taking out like a third of it as actual salary and saving the rest, to avoid high taxes, and to to pay for a leased car, pension saving, extra insurance etc, before taxes. But after all that I’m probably saving $3k every month tax free, and maybe $1,5k in my bank account.
Engineering life is pretty okay. Still can’t afford a house yet though. Thanks boomers.
That’s not that outrageous as a higher-level IC in a big tech company in a big city. But if you’re that senior you’re not questioning why you became an engineer.
There’s a reason the typical dev career pipeline ends at farmer. People get tired of all the bs and leave never to be seen again.
I think for many, money isn’t why they became an engineer but it is why they remain one.
You would have to have an incredible grindset to become a decent engineer without actually enjoying any of it. You could become a shitty one just by passing tests, I guess. (And probably many people do)
How to even get an internship? I have tried everything but cant get a single call and you are saying there are people earning 6k dollars pm. Noice.
have a personal social connection
Where tf did you get that pay lmao, maybe its regional, but I need a raise like that, I’m a BE Dev 2, awaiting performance review for 3 (Senior) and sadly not as close to that as I’d like.
have a degree from a top 10 school, 10 years of experience, and work for a large corporation.
and learn to brown nose and play politics with your bosses
Engineering as a whole is now diluted with a bunch of money-hungry STEM’s who were never even that good at engineering. Their parents probably pushed them into the degree. It’s sad.
diluted with a bunch of money-hungry STEM’s who were never even that good at engineering.
That’s all the STEMs now. The actual competent ones are on Wall Street.
Yep. why struggle doing research when you can make 500K a year writing stock trading algorithms.
i had a roommate who was a physics PhD. He quit after 4 years and went to work for a Wall St and his starting salary was 400K, this was 2009, after the crisis. had he completed his PhD he’d have been lucky to make 60K a year and then after decades of work he might have made close to 200K. I would guess today he’s probably making well over a million a year.
Yep. why struggle doing research when you can make 500K a year writing stock trading algorithms.
…because research contributes to make a better society for everyone compared to scamming people with overhyped stocks?
But yes, in reality, the trend seems to be finance first, if you can get in.
only a tiny minority of researchers get to do that.
most research is lots of work with poor pay, often to the point where are per hour making less than working at a fast food job.
very few researchers are lucky enough to get rewarding work, and hardly anyone gets to do rewarding work that is well-paid.
and most well-paid research even in industry is working for corporations that are seeking to enrich themselves rather than better society. most pharma research goes towards high profit highly specialized drugs, for example, that will mostly only benefit the small slice of society that can afford them.
god forbid well-off parents want their kids to be financially secure…
It entirely depends on if the parents being well-off allowed their kid to get a degree they aren’t really qualified for because they could use money as a crutch.
parents money has nothing to do with if they get a degree… you have to complete the coursework regardless.
colleges will prefer to admit kids who can pay full tuition over kids who need financial assistance… if that is what you are complaining about?
That reminds me, I need a raise
Why should you get a raise? You’re terrible at your job!
Not a single downvote, and you call yourself a downvote hunter smh
He already killed all the downvotes in his region
No cm002 please don’t use the same repost bot as that other guy. Was it you the whole time???
I don’t bot my .ml cross-posting campaign lol, it’s all manual with a simple script to send notifications to my phone when something gets posted to .ml
Which allows me to do things like skip out on also crossposting the body, like I did here because OOP posted a link back to reddit on their post which I chose not to replicate here because fuck reddit lol
Removed by mod
You mean bulk repost and thus making spam?
Removed by mod
How can you post when you were banned?
Removed by mod
4 posts were still left up from your batch after I cleaned up some to clean the home instance feeds and them the mods trimmed it down more (from 19 within the same small window of time). Just make sure to spread posts out so theyre not all posted in a chunk (and dont use camelcase for titles or have connections to reddit). This post is more than a day after the other ones so would be fine
It’s .ml, if you don’t simp for authoritarians they ban you too, join the .ml boycott today and just don’t participate on anything .ml
Also, just don’t post the reddit link back, fuck reddit don’t give them any traffic back
The db0 fruitcakes are just as bad. They are also authoritarians who think disagreement is treason. It’s really sad because I have yet to find any place with true leftists out there.
i def agree that /0 is having a lot of flippancy and groupthink issues, but i would not call them authoritarian. i would say it has true leftists, just a culture of extremely mean ones who don’t need too much evidence to be persuaded into exclusion
