Tech Salaries in 2022: Why the Six Figure Pay Makes Techies Feel Underpaid
>the average tech worker’s salary [will] reach $104,566 in the U.S. — a 6.9% increase since 2020, the report found.But inflation is over 11% since 2020. This isn't an increase. The average tech worker is making less than they were 2 years ago according to the Dice salary report.Why do tech workers feel underpaid? Many companies posted record growth and profits over the pandemic, but still give out paltry 3-5% raises every year. The cost savings of work from home must have been enormous for these companies, yet none of that savings or record profits trickled down to the people writing code.Meanwhile for those that have the time and willpower to grind leetcode, they know they can command a 20-40% raise every few years. It's not a secret that tech companies underpay their employees and bank on them being too complacent to go through the interview gauntlet yet again. Most devs will admit that they couldn't readily pass the interview at even their own company without many hours of studying and practicing algorithms.