The top 10% requires an income of about $160k/year. Quite a few software engineers in high and very-high cost of living areas make that--but the vast majority don't.
Look at the wage growth for the 90th - 95th (top 10% to top 5%): it's in the bottom.
The distribution of salary for Senior SWE is found, e.g., at https://www.salary.com/research/salary/alternate/senior-soft.... The median is $115k, the 90% is $130k--still not the top 10%. Even when you bonuses the salary curve shifts right by less than 10% (e.g. median goes to about $116k, 90% outlier to $138k).
Some 4 million people in the US work as software engineers (https://en.wikipedia.org/wiki/Software_engineering_demograph...). FAANG accounts for, what, 1% - 2% of that? Maybe a bit more, but not much. The vast majority don't have high TC, most of them are paid a flat salary with a modest bonus and either have ESPPs or no equity at all.
Software engineers are laborers, in effectively the same social class as manual laborers. Our economic circumstances are better, but not that much better.
Your comment is a great example of how the huge inequality gaps and the infotainment media have distorted perceptions among workers.
See: https://www.investopedia.com/personal-finance/how-much-incom...
Look at the wage growth for the 90th - 95th (top 10% to top 5%): it's in the bottom.
The distribution of salary for Senior SWE is found, e.g., at https://www.salary.com/research/salary/alternate/senior-soft.... The median is $115k, the 90% is $130k--still not the top 10%. Even when you bonuses the salary curve shifts right by less than 10% (e.g. median goes to about $116k, 90% outlier to $138k).
Some 4 million people in the US work as software engineers (https://en.wikipedia.org/wiki/Software_engineering_demograph...). FAANG accounts for, what, 1% - 2% of that? Maybe a bit more, but not much. The vast majority don't have high TC, most of them are paid a flat salary with a modest bonus and either have ESPPs or no equity at all.
Software engineers are laborers, in effectively the same social class as manual laborers. Our economic circumstances are better, but not that much better.
Your comment is a great example of how the huge inequality gaps and the infotainment media have distorted perceptions among workers.