SWE -> Sr. SWE: you have gained the engineering skills required to build incredibly complex systems
Sr. SWE -> Staff SWE: you have gained the engineering judgement to not do that
@GergelyOrosz@hkarthik Diminished rotation in 20.
Great resignation 21 left a hole in supply.
Tech grew -> demand grew -> more pay.
Add inflation -> bigger numbers.
Longer accumulated tenure -> tour of duty done.
Then Bob bought a house in Idaho and boss telling come to Cupertino on Tue and Thurs
In Q1 2019, 39% of Stripe's hiring was outside Bay Area and Seattle. Last quarter, it was 74%. I think the rate at which tech industry is going global is still under-appreciated, and that this will be a big tailwind for the world over the next decade.
The tech job market has never been more polarized:
Demand for senior tech workers has never been higher, compensation is hitting all-time highs, globally.
New grad and junior folks have never had such a hard time getting that first job.
A thread on what's happening and why: