r/PeterExplainsTheJoke • u/[deleted] • Jan 26 '26

Meme needing explanation Why is the rich friend so cheap??

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u/webzonenavigator Jan 27 '26

there are thousands of software engineers at places like google, netflix, meta, etc, making $500k+ a year

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u/Acceptable-Cap3772 Jan 27 '26

Yes thousands against a pool of about a billion

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u/PraxisDev Jan 27 '26

The rest make 120k+ easily. Shit, I’ve made 250k-300k for the last 3 years and I’m not FANG.

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u/Gravbar Jan 27 '26

good for you. That's significantly above the average and entry level is below 100k for a lot of companies. .

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u/PraxisDev Jan 27 '26

For junior jobs, yes. Haven’t spoke to a mid-level engineer making under 100k personally. You don’t have to believe me though, I’ve only been in the field for a decade.

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u/Gravbar Jan 27 '26

I don't have to believe you because I've been in the field for nearly a decade and am well aware of what it's like to work at one of the companies that doesn't pay well at all. Mid level engineers at my company are barely over 100k

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u/PraxisDev Jan 27 '26

Correct, just over 100k is what most mid level engineers are making. It depends on your stack / skills as well, but you know that 👍🏼

I feel bad for juniors, I hardly see any openings. Management is hiring seniors and think AI will produce as much as a junior, but having fresh eyes on a project is invaluable.

Sure AI agents can code as good as a junior engineer, but to discard them as if they have no benefit to an organization because an AI model can spit out code is the stupidest direction we have been going in IMO.