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You say this as if tech is currently a meritocracy.

It's closer to a meritocracy than practically any other field. I firmly reject the postmodern war on quality and the dismissal of merit as an illusion or a form of oppression. Impact matters.

This is a field that in 2017 still deploys vast amounts of new PHP code, and in which the most successful new database offering of the last 5 years has been MongoDB. You've got a very tough row to hoe to support the argument that it's a "meritocracy".

Google recently settled a lawsuit with its engineers for $410 million, for colluding with other tech companies to keep engineering wages down. It's currently under investigation from the Department of Labor to determine whether they are giving equal pay for equal work. I don't think the meritocracy you describe currently exists.

there is no such thing as meritocracy