recommended reading

Superstar Programmers Can Get Paid as Much as Pro Athletes

It’s always nice to be paid your “true value.” Venture capitalist Marc Andreessen says that is what is happening now in the technology industry, where some engineers are drawing multi-million dollar paychecks.

Andreessen explains it this way: A change in Google’s algorithms can sometimes be worth as much as $100 million in new revenue, so that easily justifies paying the best engineers “tens of millions of dollars.” Other companies are following Google’s example, with the result that highly-paid “superstar programmers” are not uncommon at California’s biggest tech firms. Andreessen calls it the “Kobe Bryant effect,” after the extravagantly paid American basketball player.

The observation lends further credence to the idea that gains from the knowledge economy are accruing only to a small group of extremely talented people. As MIT labor economist David Autor told American Public Media’s Marketplace last year, “Certainly, the labor market has never been better for very highly educated workers in the United States, and when I say never, I mean never.” 

Read more at Quartz

Threatwatch Alert

Thousands of cyber attacks occur each day

See the latest threats

JOIN THE DISCUSSION

Close [ x ] More from Nextgov
 
 

Thank you for subscribing to newsletters from Nextgov.com.
We think these reports might interest you:

  • Modernizing IT for Mission Success

    Surveying Federal and Defense Leaders on Priorities and Challenges at the Tactical Edge

    Download
  • Communicating Innovation in Federal Government

    Federal Government spending on ‘obsolete technology’ continues to increase. Supporting the twin pillars of improved digital service delivery for citizens on the one hand, and the increasingly optimized and flexible working practices for federal employees on the other, are neither easy nor inexpensive tasks. This whitepaper explores how federal agencies can leverage the value of existing agency technology assets while offering IT leaders the ability to implement the kind of employee productivity, citizen service improvements and security demanded by federal oversight.

    Download
  • Effective Ransomware Response

    This whitepaper provides an overview and understanding of ransomware and how to successfully combat it.

    Download
  • Forecasting Cloud's Future

    Conversations with Federal, State, and Local Technology Leaders on Cloud-Driven Digital Transformation

    Download
  • IT Transformation Trends: Flash Storage as a Strategic IT Asset

    MIT Technology Review: Flash Storage As a Strategic IT Asset For the first time in decades, IT leaders now consider all-flash storage as a strategic IT asset. IT has become a new operating model that enables self-service with high performance, density and resiliency. It also offers the self-service agility of the public cloud combined with the security, performance, and cost-effectiveness of a private cloud. Download this MIT Technology Review paper to learn more about how all-flash storage is transforming the data center.

    Download

When you download a report, your information may be shared with the underwriters of that document.