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The primary factor that defines compensation is competition; the market-clearing wage is a supply/demand thing - ask yourself whether junior developer productivity is that much higher now than a few years ago despite soaring pay.

Your value-added just represents a ceiling on how much its rational to pay you in some sort of vague career-adjusted terms; the vast majority of people don't even have jobs where that can be measured. Even those where it looks simple (say, sales) are actually much harder than you'd think.




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