BIngo +1.Dottie57 wrote: ↑Tue Apr 03, 2018 9:34 amTop99% wrote: ↑Mon Apr 02, 2018 10:21 amI work have worked in tech since 1986 at 3 different Megacorps. Since OP asked why one should NOT work in tech:
1) If you are not good at saving money for a rainy day tech is not a good choice because when it rains it tends to pour. Many tech workers were unemployed for a long period of time in 2001-2002. The pay can be very good in tech but it can also be very volatile.
2) If you are not willing to constantly grow your skills tech is not a good choice. See my email signature.
3) If you plan on waiting until your 50s to really start saving under the assumption this will coincide with your peak earning years I think tech is a poor choice. My inflation adjusted peak earning years were in my late 30s and this is true of many people my age who work in tech. Part of this was driven by outsourcing really starting to hold down real wages in the 2000s. Tech can be a dangerous place to be in your 50s or later if you are not already at least partially financially independent.
I work for a silicon valley founding tech firm and have seen more "older" tech workers than younger. I am often the youngest or near-youngest in the room and I am late 30s. Only time this is not the case, is when I am at a customer site and often they are younger.
My sales peers are all mostly older than me, if not all of them (team of ~10). My manager, his boss, his boss, and the division VP are all 50s or older (hard to tell on 2 of them if over 50s).
Now is that the case at Google or Facebook? Probably not, but they are "new tech" and not old tech. I think it varies widely based on age and type of tech firm. Plus as Top99 pointed out, if you save your high pay, work hard and grow your skills, etc. you have far less to worry about. Last year I asked the help of a specific account manager that had been at my company longer than I had been alive. YMMV. I plan to be mostly FI by my 50s so if the worst happens, I will be prepared. But I plan to constantly grow my skills and be top 10%, where you rarely have too many issues being employed.