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High-Frequency Programmers Revolt Over Pay
An anonymous reader writes "Programmers who design and code algorithms for investment banking are unhappy with their salaries. Many of them receive a low 6-figure salary whereas their bosses — who manipulate these algorithms and execute the trades — often earn millions. One such anonymous programmer points out that he was paid $150,000 per year, whereas the software he wrote was generating $100,000 per day."
>>>They are quitting and going somewhere else
Where? $150,000 sounds like a heck of a lot of money to me, considering my previous job (when I had one) only paid 70,000. where are all these magical jobs that pay such huge salaries?
"I disapprove of what you say, but I will defend to the death your right to say it." - historian Evelyn Beatrice Hall
lulz
Do a barrel roll!
Like most model slashdotters, I fly off half-cocked then RTFA.
HAHAHA. DISREGARD THAT, I SUCK COCKS
-pak9rabid
I can only hope someone is fixing whole situation by taking managers into custody oor at least closing their "financial institutions". For more info on HiFreq Trading, Sam Bee: http://www.thedailyshow.com/watch/wed-september-30-2009/cash-cow---high-frequency-trading
839*929
No, they'll probably transfer most of it to fiscal havens, helping to fund drug lords and terrorists.
Have you heard about the Broken Window Fallacy? If these guys get money for nothing and recirculate it, the overall economy in the end gains nothing. The money that passes though these guys could have been used to produce useful goods and services instead of feeding the pleasures of fat greedy pigs.
Yes, people with money don't invest it or spend it, they put it where it can't grow or do anything to earn them more money.