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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."
So...if they think they're underpaid, go somewhere else...
Sounds like somebody should change careers!
Would you like some waaaaaaaaaaaaaasabi to go with that burger?
Living With a Nerd
Why don't they use their own programs to trade and make the big bucks then?
If it's not that easy to turn 'their' code into flowing rivers of cash, why don't they STFU and either do the job they're being paid to do, or decide that it isn't worth it and do something else??
This is a substitute for a clever sig that fits within the maximum number of characters.
The waaaambulance is on it's way, but the bridge over the Crymeafuckin river is out!!! It won't get here in time!!!
This is as common sense as it is funny
Read. The. Fine. Article? What, are you crazy, this is the 21st Century and NOBODY reads articles anymore - everything they need to know is supplied to them via a catchy headline and maybe a tweet from somebody "cool" - because anything that can't be conveyed in 140 characters or less simply isn't worth knowing. I mean if all these people typing "waaaaaa" had actually bothered to read the article they'd know these guys have moved on, invested in themselves, and are taking the risks themselves but making big bucks as a result. Good for them. Ooooh, gotta go, somebody just tweeted me that LiLo is getting released today - I sooooo have to know who's going to do her makeover.
"The bigger the lie, the more they believe." - Det. Bunk
Workers get to keep more of the money their labor produces only when they organize and work together to keep it. That's what unions do. Without unions, we'd all be replaceable by those privileged to be bosses, through their old boy networks.
When programmers have a working labor union, it'll be harder for bosses to keep 99.9% of what the programmers produce, while programmers work 60 hour weeks.
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make install -not war
Please explain why it would be fair? The programmer is creating a work for hire. He does not hold copyright to the code, nor does he have any ability to license the code. If he does not like what he is paid, he can quite and someone else will be hired to replace him.
If the programmer wants to make $100,000.00 per day, he should quit and write his own high frequency trading system and then use it.
There is no "-1 offended" or "-1 you don't agree with me" mod options for a reason.