I'm new to this field and always thought that SWE (at least the good ones) most definitely add value in exponential multiples over the 400k value but maybe I'm delusional by all the VC speak over twitter. Does he have a point and that we're mostly overpaid?
If a SWE is more like a baseball player than a factory worker then perhaps the valuations are worth it - and arguably if a $400k total comp employee provides $401k worth of value to the company, they're worth it.
With sports players it's more clear that you can't take some random Joe and get Babe Ruth or even Tony Gwynn, it's not so clear that you can't take an intelligent office-worker and make them a coder in some period of time.
if you build a product solely based on what people think they want/need, you will fail.
LinkedIn isn't perfect, but it fills a gap and that's to help find people jobs. If you create another social app but without the incentive of people making posts about w/e the fuck they want to post about it, it's going to be boring and not active.
edit: to be clear, i hate the cringiness of LI as well, but it's a necessary evil.
followed by
"TIL some software engineers making $400k view themselves as Marx's proletariat."
I'm getting the feeling that most devs here agree that SWEs don't need to make that much.