The programmer supply: "It’s also possible that enrollment continues to lag behind demand by a decade and that record enrollments are just keeping pace with demand from a decade ago, in which case we might expect elevated compensation to persist" https://danluu.com/bimodal-compensation/ …
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So this bimodal thing is a location thing?
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Partially location and partially industry, in that I would expect an HFT developer in Chicago to get compensated like an HFT developer in NYC but I would expect a web developer for a Chicago Internet marketing firm to aspire to some day get $70k.
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