This article effectively is saying that if the demand for developers falls that salaries would fall. Which is obvious to anyone who has taken econ 101, but I have no idea how this is anymore of a "risk premium" than anyone else who works for a living.
> and the cut you’re taking from not working at AppAmaGooFaceSoft.
This pre-supposes that:
A) Apple, Amazon, Facebook, Microsoft are the highest paying companies (not only not true for liquid cash, even less true if you factor in start-up equity expectation)
B) Salaries aren't being set by all the other companies as well. [Generalists, at least in the Bay Area, are in a competitive employment market, not an oligopoly]
> and the cut you’re taking from not working at AppAmaGooFaceSoft.
This pre-supposes that:
A) Apple, Amazon, Facebook, Microsoft are the highest paying companies (not only not true for liquid cash, even less true if you factor in start-up equity expectation)
B) Salaries aren't being set by all the other companies as well. [Generalists, at least in the Bay Area, are in a competitive employment market, not an oligopoly]