But it's also a Faustian bargain that many engineers knowingly enter into. They are trading their professional coding passion in for more money and status. For some, this isn't much of a loss. For others, it is. It really depends.
I just went from Midwest money to Bay money without moving out of the Midwest as an IC. I'm basically set for life and I know I don't want to be a people manager. Maybe someday I'll be staff/principal but I really don't mind sitting at a terminal level slinging code.
But it's also a Faustian bargain that many engineers knowingly enter into. They are trading their professional coding passion in for more money and status. For some, this isn't much of a loss. For others, it is. It really depends.