As a senior software engineer in Sweden (.net stack) working in finance, 175k sounds amazing. Here we make around 70k/year. Getting a remote job is starting to look very appealing…
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Ye ... I wonder for how long this US developer wage gap is going to last.
You don't have to look to Sweden for cheaper devs. You could settle for UK. Or Eastern Europe who have a totally different cost of living.
It's not going anywhere. Programming is becoming larger, and the problems it can reasonably (as well as unreasonably) solve are increasing in scope as business managers try to leverage a more socially-acceptable field.
Additionally hybrid developer/business folk are becoming a thing, diversifying the demand as well as the skillset. To say nothing of the "CEO Compensation" halo effect Silicon Valley wages have on the industry.
Next to sales it is increasingly becoming the most valuable aspect of many industries that are critical to modern western economies (finance, insurance, technology), and AI is 'always' on the horizon as a future cost cutter, so I expect the trend to stick around.
Honestly the market is crazy. I have a guy in my team who has a masters in CompSci from a great university and gets about 140k and I know is struggling to get a new job. 175k is probably average or above average for an experienced developer in normal companies here in NY. I see some specializations earn more but I dont understand how so many young people are earning multiples of that. I guess I'm out of touch.