Alternative hypothesis: these salaries are helping startups.
It is fantastic that someone not born into wealth and connections can pay off their debt in record time, then save enough to cover financial security and take a few risks, such as quitting the well paying job to bootstrap a company before your twenties are over. And if the venture goes pear shaped, there are plenty of high paying jobs to catch up with the rat race.
I've heard of $170k starting salaries in the Valley last year, admittedly for the best students from MIT or Stanford. But on that money, or even half of it, you do not need to hot bunk to put a serious amount away, and give yourself the time to develop the product or convince a decent technical person to join you. And you won't be (as much) at the mercy of investors or clients.
It is fantastic that someone not born into wealth and connections can pay off their debt in record time, then save enough to cover financial security and take a few risks, such as quitting the well paying job to bootstrap a company before your twenties are over. And if the venture goes pear shaped, there are plenty of high paying jobs to catch up with the rat race.
I've heard of $170k starting salaries in the Valley last year, admittedly for the best students from MIT or Stanford. But on that money, or even half of it, you do not need to hot bunk to put a serious amount away, and give yourself the time to develop the product or convince a decent technical person to join you. And you won't be (as much) at the mercy of investors or clients.