I wish one day I'll read that Computer Scientist _earns_ $1 Million.
Most engineers here get like £60k salary (£3600 a month after PAYE tax), while companies they work for make billions out of their work. Not only that, but they also don't contribute back into the local communities, because they use aggressive tax avoidance strategies.
Corporations need to start sharing their profits with the workers and pay taxes otherwise it will eventually spark another revolution.
I assume you're from the UK? Where? I ask because salaries in London are definitely higher. A senior engineer should get 80k and a principle engineer/architect should be on 90-120k.
It is quite common for engineers with Cynthia Rudin’s ability to earn > 1 million. If you have that level of ML skill you can lead teams at many companies for over that amount.
> I wish one day I'll read that Computer Scientist _earns_ $1 Million.
They do.
Not that I personally believe they deserve it. For the exact same reasons I don't think a CEO is not "worth" thousands of engineers, I don't think that just because you happened to graduate in ML you are worth tens/hundred times more that the others.
Or more accurately maybe they are worth that much, but the general population is severely underpaid.
IMO, the salaries are (ballpark) fine for the effort and risk involved, flexibility of working hours, stress levels, etc. I don’t see a good reason why engineers should make more than, say, teachers or nurses, just because the company they work for makes billions.
What’s wrong is that these companies make billions, most of it because they happened to get to the top of the food chain.
Reportedly, Ilya Sutskever was offered upward of $2 million/year to remain at Google as he departed for OpenAI. By many accounts, he's not alone at earning over $1 million/year as an independent contributor.
When Hinton, Krishevsky, and Sutskever sold DNNresearch (incorporated only days before) to Google, their $44 million crossed that line too, since the company had no products or IP that was independent of UToronto, AFAIK. The three were effectively "hired" as indep contributors.
Most engineers here get like £60k salary (£3600 a month after PAYE tax), while companies they work for make billions out of their work. Not only that, but they also don't contribute back into the local communities, because they use aggressive tax avoidance strategies. Corporations need to start sharing their profits with the workers and pay taxes otherwise it will eventually spark another revolution.