Most software engineers lose the company money 💸
Huh? Take a look at this graph. Software engineers have ability on an exponential curve. A software engineer is paid an ungodly amount of money for the very small chance that they can write code that automatically makes the company money with no labor.
In this graph, a software engineer's compensation might be the equivalent of what a ~10x engineer is. But that's fine, because the average engineer is 49x!
No other job is like this, where you can automate your own job and make yourself that much more efficient.
Companies know this. The only reason why layoffs recently have only been at the level of a couple % of the SWE workforce, is that those 1000x engineers don't want to work at a place where they need to worry about getting laid off.
The 3/4 of the engineers are just around to make sure the 1000x engineer can have friends, is having a good time, and won't leave the company.
#software #swe #softwareengineering #hiring