Comment by alephnerd
Sadly - as I've mentioned on HN a bunch - junior salaries need to fall dramatically to somewhere in the $60k-$100k range in order to make it cost effective against automation/AI or offshoring.
The economics of providing every new grad a $150k TC offer just doesn't work in a world with the dual pressures of AI and async induced offshoring.
Heck, once you factor in YoE, salaries and TCs outside the new grad range have largely risen because having experienced developers really does matter and provides positive business outcomes.
State and local governments needs to play the same white collar subsidy game that the rest of the world is playing in order to help fix the economics of junior hiring for white collar roles. This is why Hollywood shifted to the UK, VFX shifted to Vancouver, Pharma shifted to Switzerland, and Software to India.
> The economics of providing every new grad a $150k TC offer
It was always a weird US thing driven by huge companies and VCs. In other western, developed countries ~$50k equivalent would be normal. Even adjusting for other provided social benefits, there's still a long way down...