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Software Developers Are Now More Valuable To Companies Than Money, Says Survey (cnbc.com)
An anonymous reader quotes a report from CNBC: As our global economy increasingly comes to run on technology-enabled rails and every company becomes a tech company, demand for high-quality software engineers is at an all-time high. A recent study from Stripe and Harris Poll found that 61 percent of C-suite executives believe access to developer talent is a threat to the success of their business. Perhaps more surprisingly -- as we mark a decade after the financial crisis -- this threat was even ranked above capital constraints. And yet, despite being many corporations' most precious resource, developer talents are all too often squandered. Collectively, companies today lose upward of $300 billion a year paying down "technical debt," as developers pour time into maintaining legacy systems or dealing with the ramifications of bad software. This is especially worrisome, given the outsized impact developers have on companies' chances of success. Software developers don't have a monopoly on good ideas, but their skill set makes them a uniquely deep source of innovation, productivity and new economic connections. When deployed correctly, developers can be economic multipliers -- coefficients that dramatically ratchet up the output of the teams and companies of which they're a part.
Naa, that would be un-capitalist. Developers must be cheap wage-slaves that do not have a real career-path and are unable to find a job once they hit 50. That will surely not have any impact on whether smart people go into software writing or not, right?
Most ACs are not even worth the keystrokes to insult them. Be generically insulted by this and ignored otherwise.
And open concept offices.
If they considered developers more important than money, they'd pay the developers more to keep the skilled ones. Every time a developer leaves a company, a hunk of business knowledge walks out the door with him.
Companies care about that quarter's finance report, and the C-level execs care only about fleecing the company for all they can stuff into their own pockets. Look at what they do, not what some survey says.
Maybe it just sounds too much like 40 years of businesses claiming there was a shortage of engineers in the U.S. when what they meant was there was a shortage of engineers that could be treated really badly.
Or maybe it's the fact that companies only seem to be willing to hire H1Bs that will do anything not to go back to their shitholes, or young kids who are stupid enough to believe managements promises and have no family or social life to distract from putting in 80+ hour weeks ?
Software Developers Who Are Willing To Work For Uncompetitive Wages And No Benefits Are Now More Valuable To Companies Than Money, Says Survey
This just tells me that developers need to get organized and start saying no to 80+ work weeks collectively. Otherwise it will be divided they fall, forever.
Laws are rules for the court, but merely a bottom bar to hit for life. Think beyond laws in your actions always.
Forget how long I've been out of work, it's been 2-3 years now since I quit looking.
No where does it say that companies think developers are more important than money.
The results state that the companies perceive the risk of not being able to find skills as higher than the risks of not being able to access capital.
This is especially true if you're a cash rich organisation.
In the current financial climate finding returns on your investments is hard. Interest rates are at historically low levels, bond returns are zero, and so that leaves higher risk investments to get returns. That effectively translates into money moving into the stock market and VC type investments which pushes money further and further up the risk tree making funding generally easy to find.