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Numerically, it is difficult to credit VC-fueled startups for driving the quick increase in engineering wages. First, they don't pay top salaries. If a bidding war erupts for a particular candidate it is highly unlikely that a VC startup wins. It will be won by everyone's favorite multinational advertising company which will this quarter hire enough engineers to staff approximately 1023signals worth of product dev companies, or their close bretheren AppAmaFaceSoft, which together could a) fill the SuperDome with engineers making more than $120k apiece (and substantially more these days) and b) which cannot reasonably be said to be paying engineers with money they swindled out of gullible investors. No, they pay the money with the hundreds of billions of dollars of sales they make directly attributable to software.

The price of butter is the price of butter. If one hypothetically thinks butter is too expensive, sell butter, don't buy butter. (i.e. offer your services as an engineer rather than trying to hire engineers.) It think it is highly unlikely that anything happening in the capital markets, positive or negative, will make cause engineering (and related trades) to re-transition to the days where you could e.g. find perfectly adequate programmers for $40k. (P.S. Not to slight anybody making that, as I was at $30k like two years ago. Get a wee bit more sophisticated about who you work for and what you work on. You'll do better monetarily and quite possibly have more fun.)

There exist repeatable ways to scalably build product businesses with millions of dollars of actual revenue out of a few man months of work. Unless that economic reality goes away, engineers (&etc) will continue to be cheap at essentially any price.

This is great news for everyone selling talent here. Is it bad news for those buying talent? Meh. If you could pick any time in the history of the world to start a software business, it would probably be now, because the markets are bigger than ever, the distribution channels are fantastic, the SaaS billing model allows us to 10x prices without business customers perceiving any increased difficulty to justify the purchase, the non-human capital costs associated with a software business are asymptotically approaching zero, etc etc.
Whether his talk makes a point and TED refuses to publish this talk are two different stories.
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I'm really bad on IRC with this kind of thing. Need to get to the point faster. Thanks for pointing that out.
There's nothing worse than spending lots of hard work scraping sites to build your search engine and then having bad guys perpetrate the scraping of your search engine.

Maybe it's some sort of karma. If you scrape, then you will get scraped.
Maybe he doesn't say it directly in the article, but look at the page title to get his name (Jason Punyon) and then search for his LinkedIn profile (http://www.linkedin.com/pub/jason-punyon/13/396/a89) and you can be reasonably confident that he's talking about DKR. That's not very anonymous.
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You're right about Javascript, but those benchmarks you link to are completely useless. Take a look sometimes at the actual code.
> Very few counteroffers are serious counteroffers (serious as in they will keep you on indefinitely at the new salary).

Hell, I bet most of these don't even get honoured. "You understand, we need to get budget, some bureaucracy, but don't you worry, we'll sort it out asap!"... weeks pass, the new money is not coming ("eh, we had some problems, but don't you worry..."), and eventually you get kicked out. Meanwhile, your original offer has probably expired.

Never accept counter-offers.
Cutting all at once is better for morale than cutting over and over. If there are continuous layoffs, you're going to lose more of your key employees than if you can just cut deep and then build from there.
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This is how individuals working with open source software beat a large corporation where by all accounts they should not stand a chance. Bureaucracy is the Achilles Heel.
Not in the current generation of console optical media. In the future it will be a rotten travesty as no one will ever physically own their games.

Though DLC is locked up as future consoles' content is likely to be.
Profit is highly variable for a tech company. I pointed out the reasons why Amazon's profits are comparatively low at this moment and why their growth potential is strong. It's weird for facebook to have a market cap which represents 2,800% of their total annual revenue, compared to 5x and 2x annual revenue for Apple and Amazon.
It depends on the business a company is in. Some businesses by nature have lower margins and have to make it up on volume, and the process requires a lot of labour, just due to the nature of the business. For example, retail and logistics companies.

While I haven't done the analysis yet, I can see how Facebook's business is probably higher margin than HP's business. HP provides hardware, services, etc, at a large but limited scale. Facebook provides a web service to a global population at a seemingly unlimited scale. edit: Also look at which has more growth potential (which is admittedly under debate right now for Facebook).
So here's a question. If one was satisfied/interested/liked/whatever their current job, but thought they were truly earning significantly more than their salary, is there any good tactic to start the discussion with management (or drop hints or whatever) without dropping the "I've taken another job" bomb, which as many point out is pretty much the end of the relationship right there?

In my own experience, I've gotten a large "retention bonus" after many of my peers quit. However, this was just dropped on me without any request or action on my part. It was a preemptive "oh God please stay at least until date X", but I didn't have anything to do with causing it directly. It was just smart/panicked managers buying insurance. And it worked. I happily stayed as I wasn't quite to the point of being ready to leave yet, so I stayed till that date and then through the next end of year bonus and then gave notice Jan 2.
This sounds like DHH is predicting an imminent drop in his income. Call it a bubble. Call it inflation. Call it whatever you like. But he's probably right.
As with most things in life, the little things count because the little things show that people care (or, at least, are putting in enough effort to look like they do) and don't think you're just a cog in a machine.
Astroturfing is a real word with meaning that has been used since the 80s...
You could be reasonably confident, but you'd be absolutely wrong :) All names have been changed to protect the innocent. The company at which this happened does not appear on my LinkedIn profile.
It's not just about being worthy of praise. I am just making the point that "libertarian" is a too generic term to put everything and everyone in a single bag. There are anarcho-libertarians, libertarians who support the idea of a balance between government and private investment, and many other variations.

I think the only generic you can say about libertarians is that : they care about freedom of property and consider government intervention in private affairs with criticism. Beyond this point, the commonalities disappear, and there is a wider range of opinions among libertarians than in any other political group out there. There is no real "dogma", while Von Mises and Hayek are more or less recognized as Thought leaders for some of them.

I did not claim, by the way, that Hayek was "right" about anything, I just wanted to show one of the figureheads of some parts of the movement. Getting a Nobel Prize does not mean anything to me, and I personally feel very strongly that the recent Economy Nobel Prize Jo Stiglitz does not know what he is talking about (he's just an old school Keynesian, and even Keynes himsel admitted in being wrong later in his life). Stiglitz has a clear political agenda that has nothing to do with actual economic sense.
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I personally think that it is actually a good thing that they are targeting these sites and hope they are going to ban YouTube as well. People need to feel the pain of censorship in order to act, and the more popular the censored websites are, the more I see a chance for action.
My anti-procrast settings kicked in after posting the comment above, but I wanted to add this update. He actually links directly to his CV from that page: http://careers.stackoverflow.com/jasonpunyon

According to that CV, the employer was Bigger Hedge Fund.

Kinda a funny coincidence that there's another person with the same name on LinkedIn who also recently quit a programming job at an investment management firm and lives in the NYC area. Anyways, the fact that he links directly to his CV makes it even less anonymous who he's talking about.
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It sounds like what you really want to do is change the tax law.
No website can be blocked. If they think they blocked any, they are only fooling themselves.
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They are free, so have fun using them.
Note that twitter has something most ad networks don't: they can tie web browsing to a login and email address, and quite often to a mobile phone.
But aren't you testing new code before pushing to Github anyway? Still wondering about Travis' use case.
i just tried the app (iPhone4, iOS 5.1):
- camera/gallery selection does not go away, have to hit "cancel"
- star rating seems broken at first (apparently to small hit targets for finges)
- location in list has broken icon/image to the left
- broken image in detail view
- native bars gone after a few screens, must kill/restart app
- maps work

so far this is less than impressive. reading the post made me wanna try trigger.io, playing with the app made me decide otherwise - not production ready it seems.
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Insiders are selling.

Insider trades are always based on stronger information than you have and they are never random. There is always a purpose when they are selling. Why are insiders selling pre-IPO?

There's a Marketwatch article in the queue.
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This practice is illegal in the US. A teacher can't take money for tutoring from their current students.
Why would the teacher have an incentive to reduce the quality or her education during the normal class?

Current scenario: Teacher makes lesson plan. Teacher teaches lesson plan.

With this system: Teacher makes lesson plan. Teacher teaches lesson plan. Teacher sells lesson plan.

If anything they have incentive to do better work as it would be more likely to get purchased.
I really don't understand the negativity here. I'm no expert on teaching, but I've definitely heard that some teachers come up with lesson plans in their first couple years teaching a subject, and then just re-use it for the rest of their career (or until the standardized test changes). This seems like a huge waste of effort, because there are so many other teachers covering the same content, with largely similar lesson plans.

If customization is so important, what's wrong with applying it to a purchased lesson plan?
Unfortunately, I've been singed when Gmail decided 'dale' actually meant 'daboss@client.com'. So, please no second-guessing in email addressing.

With good directory typeahead (I won't mention the system because its blue and yellow and smells), it's not really a problem.
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They have the worst usability, no social media integrations, tiny buttons, difficult to find basic functions, etc. etc.
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Yes, in fact good food can be extremely cheap. Beans, eggs, and butter are dirt cheap. Canned vegetables are affordable if you buy for nutrition (i.e., not empty food like green beans).

Re. lottery spending, they are losing $12 a week! That is $600 a year! That could buy premium multivitamins, an extra several eggs a day, rather a lot of cheese, with money left over for the occassional meal out.

The problem of most poor Americans is not resources, it is the deployment of them.
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i bet you're a blast to work with.
I'm not sure that that's any better. Is a potential employer reading that post going to know that? Is it going to change their perception? Is it enough to balance having falsified information on your resume?
Honestly, the logo for your app could be a lot better. Design is a key element in how people decide to download your app. At least it is to me.

Hope that helps!
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Those company names are anonymized (except for my DBA and Stack Exchange). According to that CV I've worked at "A Management Consulting and Reinsurance Company", "Big Hedge Fund" and "Bigger Hedge Fund".
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Patenting statistical techniques? Can you say WTF?
I see that some people wonder why this is useful. I wonder the same thing, and in general I don't like the concept of NaCl, which will be ActiveX all over again, even though it has a better security sandbox, as poor security wasn't the biggest problem of ActiveX ... seems to me like Google is trying really hard to be like Microsoft.

However, I can't help but notice that Ruby, as a programming language, is getting ported everywhere. It runs on all desktop operating systems, it runs on top of the JVM and on top of Android. For iOS there are 2 competing versions already. For .NET the interest was low, so IronRuby is kind of dying, but it's still decent for a .NET implementation. Ruby MRI evolved a lot from 1.8 to 1.9, being a decent VM for a scripting language. Rubinius is much like Smalltalk, having the standard library in Ruby itself, allowing you to access the internals of the VM. JRuby is awesome.

Then there are the specs. Amongst the scripting languages people use today, Ruby has some of the best specs. It started with RubySpec, which are test suites started by the people working on Rubinius and now used by everybody else. And now Ruby is becoming an ISO standard. This makes me happy because when it comes to equivalent dynamic languages, there is no spec other than the reference implementation, making third-party implementations an unfeasible task. Perl 5 is a really good example of this.

So does anybody else find this exciting? As a language, Ruby is really mature these days, while still being fun and productive. Much like Smalltalk was back in the day.
It's a pretty common statistical technique - random sampling, and he wants to patent it. WTF??

Anyone thinks this is madness?
It was brought to my attention by this post: http://www.reddit.com/r/technology/comments/tsji4/i_built_a_...

I hope you enjoy it I thought the UI was superb!
Your employer is specifically paying you to write that code, whereas the teachers are getting paid to teach, not write lesson plans (most write these in their free time). Now if you wrote something that compiled pseudocode into executable code on your own time and you used it to write your code for work, I bet you could sell it on your own with no problem.
> and pay nothing into FICA/medicare

They also don't get any benefits from FICA and medicare. That pension they pay into is supposed to cover all of that but costs more than FICA and Medicare.

And much like a teacher "gets off work at 3pm" they do in fact work year round. They may not be in the classroom, but in the summer they are usually going to workshops and conferences and doing long term lesson planning for the coming year.
"Also, dude: learn to say no." This is horrifyingly bad advice, and in fact I doubt it even acknowledges the problem. It takes time to say "no". Are you telling us to learn "the path of least resistance" in saying "no"? Is this legitimate advice?

At a previous development gig, I would have to learn how to say "no" to at least 5 different types of people. And quite honestly, and candidly, I think this advice is absolute bullshit. I genuinely believe it wholesale ignores all the junk-news that's bubbled up around Zuckerberg's attire at meetings, the joke about Ohanian's suit on Bloomberg TV, etc., the culture of corporatism. If you say "no" enough, you end up like Zuckerberg: An Emperor with no Suit. (Or to put it less abstrusely: "This guy won't play ball.") And if you say it with the force and cavalier quality I think you're thinking: you get fired.

This advice prompts me as if a manager, if it's taken without the gusto of the frustration we're all feeling. And I don't want to be a manager.

Let me put it this way. Are you saying there's a verbal silverbullet that shoots down CEOs, Team Leads, Content Authors, Co-Developers, Designers, IAs, Managers, Testers, Team Members, etc.?

I suppose many others have already said this: _easier said than done_.
Seems like the "boy scout rule" got out of control.
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I don't see the problem either.

The article is extremely self-centred, and doesn't deconstruct why this is bad for their business.

The programmer's job is to help the business achieve its ends. If she feels stymied by process she needs to discuss it with the business. If she's criticised for taking too long she needs to lay out where the time went.

Imagine if lawyers wrote articles about how it took months to convict someone that's obviously guilty?
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allowing a web client to become a node in an Erlang process network, and have arbitrary code pushed to and executed on it by the network

Does this sound scary to anyone else?
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This is horrible move! Why would I want a service I don't need? If they are not profitable on a dry loop then they should increase the price of that specific service.

I am grandfathered in unless I move or change my speed. Even still, I am leaving Verizon because of this move. It just rubs me the wrong way and I do not want to do business with them anymore. Comcast's modem is already on the way and Verizon will be cancelled in a few days.
>That's exactly what these counteroffers are. Very few counteroffers are serious counteroffers (serious as in they will keep you on indefinitely at the new salary).

Is it possible to negotiate a contract for the time period in which they will pay you the new salary and a renewed contract for the old (or higher but reasonable) salary? So you know how long you can stick around and get 2X the money if you want to, and the renewed contract tells you whether they intend on getting rid if you. (I don't have any experience with this, so I'd love to hear others thoughts)
At least 20 U.S. VC backed companies are now valued at $1 billion+
I too fall for the big monitor fallacy, I like running an external monitor at high rez. One screen with a web browser and the other with a split terminal vim split in 2-4 panes. But it's really just moat. I could do well with just one terminal and a little better short-term memory. If I work focused and take breaks, I can work with just one terminal window @ fullscreen, control-z for task management and a web browser to switch between.

Just look at zedshaw. He works with a couple of junk linux laptops and a white macbook, and gets the shit done. The hardware doesn't matter that much, especially if you're doing your work in the terminal most any computer is fast enough.

I suspect though, that when it comes to guitars he has a little more equipment jones.

I used to work on a white macbook 1:st gen for years, but I bought a new mbp 15" a couple of years ago so that I could run vmware and not have the machine melt every time there was flash on a webpage.

In short, equipment doesn't matter that much (unless you're running an IDE), it's more important to take breaks and stay focused.
Ha. I thought this was going to be another Facebook love fest. It's just a timeline. The media is wising up.

In a few years, I predict version 2 of this story. The rise and fall of a fad: Facebook 2004 - 2015

How to get billions of people to sign up to your photo-sharing website and create a "corporation"?

It's not going to be as easy after Facebook's decline.
I'm not personally invested in my work email address, but my last employer insisted I use their format for my IRC nick. That was unpleasant.
How does a 9% job cut actually work? How do you reliably pick 30,000 people who are less valuable than others? Is it just by department? Do middle managers make arbitrary lists? Dice?
Note that you don't have to report everything - use a sampling rate. On first deployment I have a sampling rate of 100% (ie all sessions are reported) and then decrease the sampling rate as the user base increases.
NaCl == Google's ActiveX, no thanks.
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Future earnings isn't correct either (through pedantic glasses), because it doesn't handle cases where companies build value and then are acquired for a strategic reasons (think PA Semi).

Expectation of future value and dividends is probably the truely pedantic thing to say, since (earnings - dividends) accrues to value. That way Walmart is covered.
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Do you really need to port the Erlang VM for this? Wouldn't it be enough to implement the ErlNode line protocol inside the browser? (Say using Javascript and Websockets ? Or a browser extension?)