Any ideas on how software engineers can specifically hedge against the risk of software salaries declining? I ask because in the case of software specifically it isn’t intuitive to me whether in worlds where software salaries have gone down we should expect tech company valuations to have gone up or down. In any other industry it feels clearer cut to me that the way to hedge against your own career capital risk and salary risk is to divest from the industry your work experience is in.
Also note that many companies that you think of as tech companies and employ a lot of highly paid software engineers are not classified as tech companies in indices. For example, the S&P has Google and Facebook under “communications”.
Any ideas on how software engineers can specifically hedge against the risk of software salaries declining? I ask because in the case of software specifically it isn’t intuitive to me whether in worlds where software salaries have gone down we should expect tech company valuations to have gone up or down. In any other industry it feels clearer cut to me that the way to hedge against your own career capital risk and salary risk is to divest from the industry your work experience is in.
Also note that many companies that you think of as tech companies and employ a lot of highly paid software engineers are not classified as tech companies in indices. For example, the S&P has Google and Facebook under “communications”.
Start your own company and hire some software engineers? Only partly humor.