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This question is about software engineer salaries.
Why are software engineers paid so much?
Software engineers are paid so much because there is high demand, they are highly specialized, and they work in high-earning industries. Software engineers, on average, make more than $25,000 more than the average salary in the United States. This figure can rise exponentially based on experience level and as they seek promotions.
There are currently more software engineering positions available than software engineers to fill them. This means that if companies want to hire a software engineer, they have to offer a better compensation package than their competitors. This competition between companies benefits the employees, and their salaries increase because of this.
Software engineers work in high-earning industries. They hold huge responsibilities in their work to complete their tasks competently, and if they do so, their companies are rewarded greatly. Because there's so much money in this industry, specialized workers, such as software engineers, are paid well. They also often receive large performance-based bonuses.
There is a lot of skill and education that goes into becoming a software engineer. Specialized fields often pay more because there's a lack of competition, and companies also want to make sure that they are keeping the best talent out there.
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