I think the mention of fintech in the text makes an implication of online store of some sort, where I could see it being profitable because it’s a lot more work to be able to generate listings and accept payment and shipping information.
That was never in question. Online payment portals are Fintech. You don’t have to work at IBM to be in Fintech, it includes the entire process built on top of their platform as well.
I’m saying that the mention of Fintech in the First Case would IMPLY that the WebDev also deals with Fintech. If both devs have comparable skillsets then it makes sense to compare their pay rates.
That’s crazy. If you have the skills don’t under value yourself. Don’t be afraid to walk away from an offer. Never tell a potential employer your current salary and never give them a number if they ask in interviews. Ask what their range is as a response and if that matches your number, proceed. Then negotiate for the max of their range. If you get to that point, they already want you, so you have the upper hand in negotiation.
Doubtful, I was just joking about how it’s an older language that has become rare
Probably a few CS programs offer courses in it, if nothing else because it’s historically important. And I’m sure one could teach it to themself via books and documentation
There is no relationship between what you earn and your skill level. If there were, theoretical physics would be a top paying field. The reason is, this is capitalism and we are horrible negotiators. If you want to earn top money in a technical field, the best you can do is insert yourself in a revenue stream. Roles that are critical to revenue like a billing system or associated with a intrinsically valuable commodity e.g. petrochemical, are more lucrative than other similarly skilled professions.
They’re not really blaming capitalism for anything though? They’re just explaining how it works, and they’re right. In a market driven economy, you are paid for having a skill or some knowledge based on the demand of that skill or knowledge and nothing else. In the same way as the quality of your house has little bearing on it’s value when compared to it’s location. Not a criticism of capitalism.
SIGH. Capitalism is a fringe conspiracy theory. Next you’ll be claiming that billionaires earn their money through “capital gains” instead of salary, or that every corporation answers to a shadowy cabal of “shareholders” who only care about profit.
Well you won’t fool me. Unlike you, I have educated myself by reading newspapers.
That’s what I was thinking. I moved to Europe and my salary was halved. I’m making 70K euros. After three years of scratching this “living in Europe” itch, I’m ready to move back to the U.S. An entry level developer should be making no less than 90K in the land of the free.
Yep. Few people where I live envy the US, but if you’re a developer the money is no joke. You have to expect that eventually all those big American tech companies will start offshoring, given the crazy money they could save.
I moved from Australia to the USA since salaries for developers are so much higher here. I live in Silicon Valley which helps too. If you’re a senior developer (say 5+ years of experience) then a lot of the large companies here pay $200-300k/year salary plus $100-200k/year in company stock plus a bonus that’s 10-20% of salary if you get a good performance review.
I got lucky since I’ve been into computers and programming since I was 8 years old (late 90s). My first job when I was at school was a part-time developer at a tiny IT company that did consulting work. Since then, all my jobs have been software development jobs.
The fact that it pays well in places like Silicon Valley was a great bonus. I moved here 10 years ago (when I was 23) after I got a job offer, and the starting salary was literally double what I was getting paid in Australia at the time.
The job changes a bit as you get more senior - there’s more mentoring of junior devs, project planning, deciding what your team should focus on, etc. I still spend a lot of my time writing code though, and still enjoy it. :)
There’s some downsides to living in Silicon Valley. A lot of stuff is expensive (that applies for California in general, but especially here). Housing is extremely expensive too.
Okay that is getting up in years. I was about there when I started to get more aggressive with the salary I was asking. You could probably start on the developer I -> developer II -> senior developer career path.
Do you look at other jobs much? Do much networking? Talk to other devs about their salary? Even just grabbing a lunch with some workmates from time to time can help get you in the right mindset of recognising your worth.
I think the text should be combined into one sentence, which would be run-on but still give the impression that both images refer to one person, as it should be.
The first step to correction is understanding there is a problem in the first place. This is quite constructive, it may just not feel like it is because it’s framed combatively.
You’re doing it wrong is the phrase that lets teachers teach at one of the most basic levels.
The public is essentially a self teaching teacher, so this is just the process of public correction happening. It may look/feel like public shaming, and it may be if they’re going too far, but that is the mechanism that I think is playing out here.
Does that framing make it any more palatable to you or does it still seem unnecessarily disrespectful?
To me, constructive criticism means that the criticism doesn’t just point out failure, but that it then also shows how to correct that failure.
By itself, “you’re doing it wrong” is just destructive: it takes something apart, it destroys it. Without a subsequent “and here’s how you would do it right,” it doesn’t become constructive, it doesn’t help in putting things back together in the correct way.
Sure, as a first step, “you’re doing it wrong” is completely justified when something is actually wrong.
But without the second step - the constructive part - it just doesn’t constitute constructive criticism. By itself, it’s just criticism.
Ah I get that, like the frustration of a sociological paper pointing out a societal issue but offering no steps on how to solve it due to fixes being out of scope (utterly infuriating lol).
I still think the criticism is valid, but I do think I agree in that the criticism could be more constructive… But I still think laying the foundation of the argument, so to speak, is still constructive even though it may not go as far as one may need for it to cross the threshold back into polite…
I am still convinced this is a knee jerk feeling issue more than anything truly being amiss, but I have been wrong before. What do you think?
I agree it probably is a definitions thing, I’m very pedantic sometimes and it feels like my definition of constructive is much more optimistic/wider/encompassing than yours. That doesn’t mean that my definition is right or that your position is wrong though, that’s just what I think is going on here.
I once applied for a “database admin” job at one of the big credit card companies. The job description was basically “run all our Oracle databases” and the salary was in the mid 2 millions USD, but I assumed that figure was typo’ed or something ( an extra 0 maybe?)
In the interview I learned that there was no typo and it was to be one of the seven people on the planet that run the databases for this credit card processor. They said “if the database goes down then we are losing billions of dollars a minute”.
Anyways I didn’t get the job, but they’re not all underpaid.
It really wouldn’t be all that bad. If they’re dropping $2m/y on a database admin, then their BCDR plan must be rock solid with crazy fault tolerances. I’d imagine outages are extremely rare.
But, if they’re dropping that kind of money, you’d have to be an expert in the field. Or know someone.
If you labor there’s only two ways you get paid your full worth: you own the means of your production or your boss is a chump. However much the job pays, you are going to have a larger impact than your salary (hopefully).
Right, you can make that kind of money when you have 40 years of Cobol behind you. But even for new entrants, $90k seems low. There had better be a premium for dealing with old bullshit, especially when you’re probably damaging your resume in the long run.
90k sounds pretty standard for inexperienced (although maybe not first job) devs in general for most markets. Throw in factors like experience or skills in low supply and that changes pretty fast.
I know that COBOL isn’t going away anytime soon, but most companies have seen the writing on the wall for a long time. Anywhere that COBOL can be replaced with something more modern, it’s already underway. Some places even have a surplus of COBOL devs because of it. But there are countless places where it can’t be replaced, at least not reasonably.
The only way a COBOL dev is making $90k after 5 years is if there are very specific fringe benefits that make them not want to move along, or they are extremely naive about the market.
Anywhere that COBOL can be replaced with something more modern, it’s already underw
Rewrites are extremely risky though, and some companies don’t want to risk it. That COBOL code probably has 40 years worth of bug fixes and patches for every possible edge/corner case. A rewrite essentially restarts everything from scratch.
Do you know of a decent sized company that successfully migrated away from COBOL? I’d be interested in reading a whitepaper about how they did it, if such a thing exists.
Something that a union would definitely solve. What are the banks gonna do? Fire every veteran and hire a team of underpaid newbs to manage their critical systems? If they were dumb enough to do that, let them save themselves millions a year by facing billions in losses… I’m sure that’ll work out well.
If only there was one, I wish I had one just so I wouldn’t have to do all the fucking social hoops just to get my resume noticed by an actual human before the HR’s “I don’t want to do my job!” machines filter me out for not going to an Ivy League School like apparently everyone else did.
The thing is, this type of job never needed a union previously. It was niche enough for a long time, that you were sought out and rewarded well. But yes, I think we're moving into an era where we do need union representation.
Oddly enough, with my experience I am sought out still. Just for bizarre startups who clearly never checked my previous work history. Some of the messages I get on Linkedin for example are just weird requests.
I think the problem is that unions are famous for fighting for equal pay across the board for the workers they represent regardless of individual competency or market demand. For this example they’ll give COBOL developers a raise to 120K and give web developers a pay cut to 120K.
Or best case scenario they give the COBOL developers a short-term raise to 150, then raises across the industry stagnate in coming years to offset the fact that employers feel like they’re overpaying for some people. But sure, a few years later the union can come in to look like a hero arguing for a fraction of the raise the web devs could have already gotten.
From when this has come up in the past, it’s a lucrative career path, but probably tricky to break in to since nobody’s maintaining a COBOL system they can afford to put into the hands of someone inexperienced.
The dudes earning half a million are able to do so because they’ve been at it since before their boss was born.
Yeah, and from what I understand, learning the language itself isn’t the hard part. It actually has rather few concepts. What’s difficult, is learning how to program a computer correctly without all the abstractions and safety measures that modern languages provide.
Even structured programming had to be added to COBOL in a later revision. That’s if/else, loops and similar.
It seems that back in the day, people effectively ran a simple compiler by hand on paper. It could work pretty well; Roller Coaster Tycoon was famously written in assembly.
Well, I only wrote simple exercises in Intel assembly in uni, but there were more of those with AVR assembly.
You can structure things nicely and understandably if you want.
It’s an acquired skill just like many others. Just today writing something big fully in assembly is not in demand, so that skill can usually be encountered among embedded engineers or something like that.
Sorry, I don’t remember what I used then as a tutorial, possibly nothing, and I don’t write assembly often, it was just an opinion based on the experience from the beginning of my comment. That said:
You have call and return, so you can use procedures with return. You have compare and conditional jump instructions. And you have timers and interrupts for scheduling. That allows for basic structure.
You split your program functionally into many files (say, one per procedure) and include those. That allows for basic complexity management.
To use OS syscalls you need to look for the relevant OS ABI reference, but it’s not hard.
So all the usual. Similar to the dumber way of using C.
In general writing (EDIT: whole programs, it’s used all the time in codecs and other DSP, at the very least) in assembly languages is unpopular not because it’s hard, but because it’s very slow.
Once you get into it you’ll wonder how you ever programmed without “divisions”! I mean honestly, just declaring variables anywhere? Who needs that. Give me a nice, defined data division any day 😌
In Canada, the Ministry of Health pays colleges to teach kids COBOL and JCL. It’s a steady job, pension, good bennies. I know a handful of people who went that route, rather than the riskier private sector.
Would you happen to know how that compares to saying “Fuck it” and going with a Java career for the relative predictability? I’m not asking for any particular reasons, just curious.
I know some Java folks, but my sampling is biased because I meet them where I work - places that predominantly use the younger languages. Actually, I happen to know that the MoH in particular (and probably lots of other institutions) wrap their COBOL/JCL in a lot of Java, so that most devs never need to dive into the “real backend” if they want to just stay at the Java level.
Java people seem like family people. But from what I’ve observed, their job doesn’t seem any different. You can work in javascript, or python, and still insist on clocking out at 16, 1700. But I only work at startups or seat of your pants kinds of places, so I know about what I hear. 🤷
A lot of banks have bootcamps where they pick up unemployed people who might not have ever had tech experience in their life. They teach them COBOL and mainframe basics in a few months, and, if they do well, give them a shitty $60k annual job.
Source: know someone who went to one of these bootcamps and now works for a major us bank.
There are some court cases going on right now about this type of thing. Generally, the payback is only allowed to be for the real cost of training, and only for a few years. So that 60k salary for 3 years is also the right amount to make you worth 150k anywhere else.
Who would've thought a sector with gold flowing through its hands would be so stingy when it comes to updating their backend that they'd end up relying on a dying language, and call upon AI to update it for them rather than just paying a competent team to create and rigorously test a new backend in a modern language
One problem is that they need to put a price tag and therefore a timeline on such a project. Due to the complexity and the many unknown unknowns in theses decades worth of accumulated technical debts, no one can properly estimate that. And so these projects never get off and typically die during planning/evaluation when both numbers (cost and time) climb higher and higher the longer people think about it.
IMO a solution would be to do it iteratively with a small team and just finish whenever. Upside: you have people who know the system inside-out at hand all the time should something come up. Downside of course is that you have effectively no meaningful reporting on when this thing is finished.
That’s because the COBOL OGs are retired/ing and the industry has been training young people telling them “yeah, sorry, this is all we can pay you”. Here in Europe, they’ll take unemployed people from a different industry, put them on a training course, and bang! you’ve got a grateful new dev who doesn’t know how much they are worth.
You just gotta keep spreading the message. I keep happily sharing my salary, especially with younger, less experienced devs, so we can all win better.
For real. Even just talking to your fellow coding monkeys helps. It’s ironic that for example here in France, despite all our workers rights and revolutionary tradition, speaking about your salary is still a social faux-pas. And who benefits? Certainly not us.
I’d understanding actively pressuring someone to share their salary being a faux-pas. Admittedly, just sharing your own may make some people feel pressured to share theirs out of reciprocity, but just sharing your own salary generates nowhere near the same amount of pressure as outright telling someone “share your salary or you’re a bad person on the side of The Man!”
I hope the amount of people sharing their salary increases and talking about it becomes normalized.
Man I’d swim to Europe if some company wants to swoop me up and train me for something that valuable lol here in the States I have to not only pay for the training out the nose, but also find the time to do that while still working my regular job lol
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