Great feedback, and you raise a good point about plateauing.
To start on the anomalous experience aspect, I know a lot of people on the same path, largely it comes from in-demand tech skills with a talent gap - think SRE, security engineering vs slamming very crowded JS-based SWE roles, paired with the pre-IPO venture pay. If it’s series C+, you’ll get 18mo of stability, and then jump for comp. Most people I know not hitting this TC won’t go to these types of companies. Another key part is thinking on 3-5 yrs vs job to job. You can get into killer companies by layering where you go first and what you work on, vs shooting for that company in the first job app. If you’re not a tech talent who can hit the hard interviews immediately, this is a great path.
Re: planning/risk management on that, as specifically the pre-IPO pay part might change with the economy, my paths are:
- arbitrage LCOL and remote tech for as long as I can, but then hit the tech cities for roles where the seniority/comp makes it worth living there as you can still get ahead (as in, out of the “golden treadmill” range of great comp but it’s NYC and childcare is $3k/mo hypotheticals), plus my career positioning tees me up to take a shot at those roles.
- tech executive paths. If you have a modicum of social skills, people networking, and an eye for how the business makes revenue, this is in play and also pay continues to climb to astronomical levels.
- lifestyle management: there is no recurring fixed expensive in my life that a $70k/yr tech job won’t cover, and having this managed makes the above planning remotely possible.
Put all this together - life changing comp is in tech and 10 yrs playing it buys you a future to do just about anything you want after.
Only reason I bring all this up in detail vs letting blind leak into hacker news is I can’t see how a union helps that path and more so doesn’t actively hurt it. As I said somewhere else, believe me I’m not a generational tech talent. I had a non-tech career before this, had to retrain, all that. But perhaps that background helped me see how wild the opportunity in tech is? By the time you hit those 0.2% raises… you could be not working while the rest of the world descends into AI-enabled unemployment etc etc