Let's say someone gets 5x the person next to them done. Very few companies will pay them 5x. Maybe double...
But if they can manage their time well enough to get X done in some fraction of the time, they could realistically do two or three full time jobs worth of "normal" work, and increase their pay - and income security - over having just one job. This doesn't work when you have to be in person all day, but remote?
But a 5xer will quickly promoted to principal level (L6) within a decade of entering their industry if they hop around a couple of times.
L6s usually make 2.5x of what their peers make. So the conventional process really isn't that bad.
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Honestly, if you can consistently produce 5x and provide good estimates, then you should be consultant / contract hire for mid-tier companies. You will make a lot more money and have a lot more agency over your own life.
Finding clients is a hustle, but so is holding 3 jobs at the same time. So, pick your poison.
The way I see it is that I can come in to a fresh role on that 2.5x peer rate by performing a solid interview at architect/principal level. I then do this for multiple roles concurrently then I'm on 7.5x my peers. Which is actually a pretty good estimate to what I know I'm making in relation to others. I also find the principal/architect roles are sometimes less hands on and you're being paid for knowledge and advice, so it actually makes it less of a burden to product high output.
It really depends if you view employment as "they are paying you for 40 hours per week" or "they are paying you for a specified output, good for you if you can get it done faster!"
[1] https://workplace.stackexchange.com/questions/93696/is-it-un...
We've already got a wage spread that more than covers 5x with most folks fresh out of college looking at 50k/annual if they're outside of SV and some devs within SV making 500k or more.
If not, start looking. There are thousands of good-paying jobs out there. We're in a significant labor shortage for engineers and many companies are upping the stakes through stronger compensation and fully-remote-forever work environments. Take advantage of the situation.
Explicitly forbidding another full time employment, full rights on all intellectual property, non-competing agreements etc. Also explicitly expecting to work ie 40 hours.
I would take this with grain of salt the size of Jupiter, since such behavior would quickly show on any employment feedback source that any proper company hiring should check beforehand. Being blacklisted forever for well-paying companies will bite back very quickly too.
In most of the Europe, I believe this would be illegal simply due to amount of work expected - there are hard limits on that.
If true regardless, it might not be the smartest idea to brag online about committing multiple frauds, which casts another doubt about the whole story.
Personally, I haven't had an employment contract for over 6 years now, and in fact to stay in the clear one should ensure they have at least two simultaneous clients - though most ignore that, at least in Poland.
Just buy my course to see how I made millions in my pajamas! Also if you get three friends to sign up, you get in free!
I think you could easily do two or three jobs at once and accumulate overlapping stock grants quite easily. That overlap eventually gets your yearly to a serious amount.
I'm in the opposite situation, I quit my only job because I couldn't stand wasting my time and I'll just keep on running my business (less money but freedom and time to make more and grow).
Out of curiosity and if you're happy to share, are you still running your own company while "working" these jobs?
No, I sold my company in 2019 and exited last summer. It took up far too much time to pull off anything like this. The new venture is purely in fundraising and research mode until I stop this little experiment.
This seems way better for me to set my own funds straight than chasing investors for my product ideas. I do not think I can pull off the work needed though...
And hey! Maybe one of your coworkers will see this post!
Many of these positions are mid-to-senior level in "must have" positions like Data Science or Data Engineering where measuring progress can be difficult for even full-time contributors. I target overly funded growth-mode companies where they're focused on adding unnecessary headcount to work on poorly defined projects.
This line convinced me you know what you're talking about :).
In Germany it definitely would not, at least not without it being specifically allowed by your contract.
But maybe in the US, as long as you didn’t have a conflict of interest?
Would the amount of total time worked matter? Would doing it in multiple states simultaneously matter?
The problem is really that multiple parties may be able to claim the rights to all of your output while you were on their payroll, which is obviously messy from a legal standpoint.
Of course you can try to get that clause removed during contract negotiation, but I doubt many people would be successful on that negotiation (you might have better luck to exclude some of your open source contributions).
"A typical silicone valley company's contract usually have some clause saying that all your creative work while contracted with the company, even on off hours, belongs to the company."
My experience, working for a number of silicon valley companies, has been the exact opposite. There is a clause that says (in legalese) "we don't own stuff you do on your own time with your own equipment if it isn't related to what you do at work"
It is my understanding that California public policy actually requires companies to put this disclaimer in work contracts.
https://twitter.com/ctrlshifti/status/1402876173680472065?s=...
You only need like 3 to hit $1.5m and that’s far more manageable.
Also, I doubt anyone doing this kind of work will get get a second FANG work after failing the first.
If it is serious, he/she should have keep it private. That's why we can't have nice things.