Cramer: Tech CEOs tell me they’re sick of spoiled Silicon Valley employees
cnbc.com
cnbc.com
Difference between dot com and now is every company is a tech company. Someone is always there to vacuum up the layoffs. So many companies need engineers and can’t afford them. Like the real estate, cut the price 5% and someone will snap it up.
But income is actually still going up right now.
The power relationship has been far too one sided for far too long. Get used to the new reality where you have to pay more than lip-service to the idea of treating staff like human beings, and where a quick dosh-splosh to a PR company isn’t sufficient to wipe away a multitude of corporate sins.
Why can't the CEOs be as happy with what their employees get, who work to create the CEOs' wealth, as they are with providing for their entitled cost-center children?
And for just complete cheap outsourcing, proper spec, solving misunderstandings, and verification suddenly outweighs everything else..
So no, good talent is even not replacable by any n of cheaper ones, waiting to hear only one success story (and not just fail in every regard) for that.
- India will have 5.2 million software developers by 2023.
- Average salary of software engineer in India is $7,750 per year.
- English is a primary language in India
- Indian software developers are professionally competent.
- All Indian software engineers will work for US companies remotely…from India
https://mybroadband.co.za/news/software/311845-boeings-737-m...
- Those developers in India are 180 degrees out of phase time-zone wise. There is effectively zero overlap in working hours from the west coast of the US to India. Makes it hard to collaborate.
- You get what you pay for. Skilled developers in India move to the US (or some other country where they have better opportunities). I've worked with some _fantastic_ developers from India, but they've mostly relocated.
- Quantity != Quality, although quantity does have a quality all it's own.
That’s not to say that the US can’t fill the void, I believe that they are reluctant to do so because of the cost of US employees.
But it seems there are factors beyond this list that prevent the majority of US development jobs from being shipped to india.
Adjusted 200 or 300k gets you the right to live comfortably in the US.
First, older developers will be mercilessly fired and replaced by developers in India. There is a growing cohort of older developers who are perfectly content to come in and do mundane software development work in India. They have the experience, and with the way America is treating its legal migrants, there will be a huge pool of developers who have cut their teeth on projects at leading American software companies who will be living out the twilight of their careers in India. For the current cohort of Indian Software Developers at American companies, a path to permanent residence and citizenship is 50+ years out. They all know this and have no plans to remain in America indefinitely, but will actively return to India, but not before lining up lucrative positions working for American companies first, perhaps also taking away whole chunks of work to supervise with them.
Second, there is a growing awareness of development methodologies, cutting-edge technologies, and most importantly, cloud computing facilities located in India and growing cheaper by the minute. Developers joining the workforce today are much more suave and conversant with the latest technologies, and it's no different in India. As a bonus, many are perfectly happy to do mundane software development tasks that junior devs here are loth to do.
Third, the exact opposite timezone of India is an advantage: it works pretty much like a factory that runs two shifts that effectively halves time-to-market, which is a potent advantage that will not be turned down by a company once its competitors start seizing it.
Fourth, companies are beginning to seek out developers who have expertise in the industry in countries that have highly-developed niches in the industry. An example is biology, medicine, and bioinformatics. There are heaps of extremely-qualified Oxford and Cambridge graduates in England who are very happy to just take responsibility for entire lines of business (although they do suffer from an extremely awkward time difference with the west coast that works to their disadvantage). It is also happening with finance, to a certain extent.
The number you have mentioned, of 5.2 million software developers is absolutely staggering. Even if 10 percent of them turn out to be as good as the best of the American workforce, it easily eclipses the cream of the crop here by a comfortable margin. This is combining with the move out of large cities in India to smaller towns where the cost advantage is even higher, which all but guarantees that there will be companies that will want to take advantage of that.
Finally, there is a growing realization that globalizing indiscriminately, particularly to autocratic countries that have the potential to be formidable adversaries was very short-sighted and has created intractable political problems. The people in power have taken notice of this and will likely not want to put themselves in this position again. Younger leaders are all coming up in a time of brazen malfeasance by these autocrats, which also ensures that democratic countries will have a slight edge.
This presumes that you retain local developers rather than firing them - i.e. not what the person above you is suggesting.
I must say skilled and excellent engineers are few and far between. I am talking orders of magnitude. Some have even slipped through the net after we've used the consultancy to hire people, only to learn they've known little to nothing about software once they were sponsored, we've sent two back like this and it was very emotional and messy.
When you find a skilled developer they really shine but it seems big consultancy companies have a hard time allocating skilled devs where ever you are in the world.
Lessons learned were lots of work hours needlessly wasted when we eventually paid extra and hired some graduates.
To be fair, I'm tired of absurd behavior and mindset of many unprofessional corporate employees in general not particular to any company: immature, self-absorbed, toxic positivity, BS, and low threshold for dealing with ambiguity.
Edit: I don't know that there's a mass exodus from SF in particular except due to high costs for employers and employees. NYC, PDX, SEA, and ATX are expensive too. Also, Cramer has a big mouth and throws loaded language around like it's gospel. The Hannity of stocks.
These CEOs he's allegedly talked can throw as many tantrum as they want. If they don't pay the price, they just won't get any hires. Simple as that. "Tech exodus"? What is this even supposed to mean? Are the CEOs going to shutter their companies, fire all their employees and move to a cabin in the woods?
There's a lack of self awareness in the tech ceos in this article, they blame employees for leaving, so they leave too. Who's leading who here?
The heirarchy doesn't have as much influence as it used to, being relatable is absolutely key no matter your position.
(Technically speaking, the reason compensation is good is because we are the human components of the incredible shrinking machine that can squeeze a set of HCI into a state so small you can squirt billions of copies around the world effectively for free. And that is a valuable thing to be able to do, it turns out, for all kinds of people for all kinds of reasons.)
[edit: apparently grammar is hard, have->having]
You can’t use “free hand of the market” to protect yourself from regulation, etc and then attack your employees for also using said free hand of the market. Which was my point.
A liar, a flatterer, and Cramer were all hatched out of the same egg.
-- From The Undertakers