I am an engineering manager for a large team of developers. Part of my job is to estimate the cost and potential revenue of big projects. I have a spreadsheet of everyone's salaries (including bonus compensation, other perks).
I've done the math at my own company: average developer salary is approximately $100k. Our largest teams have 10 developers, so about $1M in labor costs. These teams work on projects that bring the company $10M every year.
We literally earn $1,000,000 for every $100,000 developer salary. Developers are some of the most productive workers in the world, but only keep 10-20% of the fruits of their own labor.
I am shocked that developers haven't figured this out. Almost all of the value they create goes into the pockets of their CEO.
I've done the math at my own company: average developer salary is approximately $100k. Our largest teams have 10 developers, so about $1M in labor costs. These teams work on projects that bring the company $10M every year.
We literally earn $1,000,000 for every $100,000 developer salary. Developers are some of the most productive workers in the world, but only keep 10-20% of the fruits of their own labor.
I am shocked that developers haven't figured this out. Almost all of the value they create goes into the pockets of their CEO.