Ask HN: Are there any advantages to being underpaid?
As a web developer I always wanted to quit my job because most web developers I know (in my area) got twice my salary. But I think that it is just wrong, I've only been here as the sole technical guy (sysad,webdev,tech support) for 2 months, so I feel that I am not giving the job enough chance. What does HN think?
10 comments
[ 1.8 ms ] story [ 32.9 ms ] threadAnd what moved you to accept half the pay of the average web dev in the first place?
You could be compensated in other ways besides money. Maybe you get significant flexibility/freedom in the way you work or some other kind of perquisite.
Generally though it's not wise to allow yourself to be underpaid. It will grate on you now or later.
If the entire company underpays everyone then I don't think there is any upside.
If you're compensated at what they feel is "too high" a rate, or just too high for them (where other companies might be fine with it), it can be stressful since they think they are paying too much and it could even lead to them eyeing you for a lay-off, I suppose, to cut costs, so I guess in twisted way being underpaid can give some job security.
I understand you're the sole tech guy at your company, but the same dynamic may apply.
If you're working on your own projects, though, the threshold where you can say 'to hell with it, I'm off to work on my own stuff full-time' is pretty low. That's your silver lining, I suppose, although it only applies if you're planning to strike out on your own.
Since I'm used to living on half, the rest of that money basically goes straight to my IRA/investment account, with a little skimmed off for a new monitor or whatever.
Living like you make 30k (even if you don't) has some great benefits.
While the tech-level work was really cool, I hated the job. I put in a year of service, then gave my notice, with no prospects lined up (taking a month off to decompress).
Sometimes money isn't everything. I hope to pick up where I left off, working part-time for small-ish companies remotely from home, offering nearly 20 years of unix admin experience at an affordable 1099 rate because my financial commitments are very low and I tend to enjoy life more when I'm bringing in less.