I’m currently enjoying a competitor in our market make a wonderful mistake in this area. They want all in on vibe coding and AI and announced to their customers that they’d rewrite their 25 year old rotting platform using it in 12 months.
6 months late and I know a clean up contractor who is making bank there with no hope of recovering it apparently.
They saw it as a way out from their cheap assery, lack of talent and lowest bidding outsourcer over the years and it’s a dead end. I wonder how many other projects are in this situation.
Yes, exactly! One reason it's valuable to look at these numbers is because it makes you take a step back and say "Wait - I'm in what percentile?"
That naturally leads many people to ask whether making only $200,000 a year as a professor somewhere is really a price you're willing to pay, as opposed to making multiples of that as the smartest guy in the room in any number of private industries. Opportunity cost matters!
If you're making multiples of $200k for being a smart guy, there's a decent chance you're doing something that a lot of people would be ethically uncomfortable with (HFT, ads/surveillance tech, etc.). Being happy with what you do in the world also matters, and $200k/yr is easily enough to support a family on a single income pretty much anywhere already.
Bit more complicated here in the UK with salaries in academia. But in private sector I was earning 1.5x average mathematics professor salary before I even had a mathematics degree. And equity on top of that. Not the smartest guy in the room by far but the most useful.
