Do you have a dumb question that you're kind of embarrassed to ask in the main thread? Is there something you're just not sure about?
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Notes -
Until recently, one used to often hear people say that while software engineers had high salaries, they were actually only paid a small fraction of what they were really worth. If that were true, these mass layoffs probably wouldn't be happening, and they certainly wouldn't be causing stock prices to rise, as they did when Meta announced its layoffs.
Were the people who said software engineers were underpaid mistaken? Why did they believe this? Was it based on some naive calculation of profit per employee, ignoring the cost of capital, as is really common among people with no formal economics education?
Do you mean people here? Or just in people general? Can you link an example?
This is a bizarre statement to make.
If you put a gun to my head, and told me to make the best argument I can think of in favor of that statement, I'd go with something like: A lot of companies are bloated. You could fire a good chunk of the workforce, and be none the worse for it, which would imply you are overpaying the people who remain hired, and underpaying those that would remain if you got rid of the bloat.
...but of course, that doesn't necessarily mean software engineers would be disproportionately spared from being fired...
People on the internet say it often.
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