So, if you're a talented and competent dev, be super aggressive with these predators and take everything your hands can grab before they have the upper hand and show us their true colors.
Happy Coding!
The underprivileged Bloomberg readership.
"...the balance of power between investors and entrepreneurs that marks the early, frontier days of a major technology wave (Moore’s Law and the Internet in this case) has fallen apart. Investors have won, and their dealings with the entrepreneur class now look far more like the dealings between management and labor (with overtones of parent/child and teacher/student). Those who are attracted to true entrepreneurship are figuring out new ways to work around the traditional investor class. The investor class in turn is struggling to deal with the unpleasant consequences of an outright victory..."
Money continues to be available, and often lots of it. It's available on better terms than most others in most other professions can even imagine receiving.
To put it bluntly: in most industries you are meat and own nothing and never have any chance of owning anything. This has been the condition for nearly all human beings who have ever lived, today and in the past.
There are also more alternatives to VC today: larger angel rounds, crowd funding, etc. It's also easier to bootstrap since everything (but people) has fallen in price. Those two things together have made the funding environment more competitive for VCs -- they have to offer more value or compete at the higher end.
EDIT: Just being sarcastic. You are clearly incompetent, coasting along in your job, and afraid of someone with 6 months of experience being better than you.
The AMA (and AAMC, and the licensing boards) should be dealt with the same way, ideally even more harshly.
All your post did was underline just how effective these professions are relative to programmers at securing higher incomes and greater prestige and shaping their public perception.
ABA and AMA are professional associations, like ACM, that happen to have effective lobbying arms, and their members are often independent business owners rather than employees.
I'm okay with giving respect to someone who spends 7 years in school - 4 + 3 for law school, or more in the case of doctors, to learn to be professionals in their field. And I have no qualms with what they make either.
I do, mind you, think it is a good idea to encourage programmers to improve their negotiating skills and understand a little about business and politics.
A programmer is more like factory equipment than a factory worker. If a company invests in superior equipment, they can produce better quality products and net higher profits.
If we're going down in the name of efficiency, the managerial and legal professionals are going first.
Did you actually read this article? The article doesn't aim to teach Bloomberg's audience (which consists of VPs, SVPs, and managers, as implied in the first couple of paragraphs) how to code or replace the average developer.
Historically, any perceived detriments of mass education have been significantly outweighed by benefits.
You've got to draw the line at some point. Why not draw it at boring computer stuff that barely anybody needs to know?
Capitalism _is_ profit-oriented, but happy people bring more profit.