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Sourav Dutta, an investor and trader, recently sparked a debate on social media with his views on tech salaries. In a post, Dutta claimed that a Rs 25 lakh per annum salary is “nothing” in today’s market, suggesting that even software engineers earn more than that. He also questioned whether such salaries are distorting the market. His comments have triggered a range of reactions online, with many users sharing their perspectives on the issue.
”25 LPA salary in today’s age is nothing. Even a software engineer gets more than this. Are tech salaries distorting the market?” Dutta wrote on X (formerly Twitter).
Take a look at the post below:
25 LPA salary in today's age is nothing.Even a 3-5 year experience software engineer gets more than this.
Are tech salaries distorting the market?
— Sourav Dutta (@Dutta_Souravd) August 2, 2024
The post, shared two days ago, has amassed over 6.5 lakh views. While some agreed with Dutta, others offered a different perspective in the comment section.
One user commented, “With all asset prices increasing these huge salaries mean nothing…..20 years back a fresher could buy 30gms gold with 1 month’s salary, now they cannot even afford 10 grams…..currency is depreciating, look at ur income or net worth in terms of assets and not currency.”
With all asset prices increasing these huge salaries mean nothing…..20 years back a fresher could buy 30gms gold with 1 month salary, now they cannot even afford 10 grams…..currency is depreciating, look at ur income or networth in terms of assets and not currency— Jaisish Mohanty (@JaisishM) August 2, 2024
Another shared, “I have placed more than ten matrimonial ads for my son in local newspaper. No one has responded to my ad. Reason is most girls are earning ten lakh twenty lakh and fifty-sixty lakh in tech cos. Six lakh seems an insult for a boy these days.”
I have placed more than ten matrimonial ads for my son in local newspaper. No one has responded to my ad. Reason is most girls are earning ten lakh twenty lakh and fifty sixty lakh in tech cos. Six lakh seems an insult for a boy these days.— Dr. Ganda Singh (@GandaSingh18) August 2, 2024
Meanwhile, a person questioned, “Who are 3-5 year techies? I know many IT guys/girls, they earn 20-25 LPA after 10 years of experience. Maybe few startup offer such high package to new guys but not they big tech.”
Who are 3-5 year techies ? I know many IT guys/girls , they earn 20-25 LPA after 10 year of experience. May be few statup offer such high package to new guys but not they big tech— Investment_ Mantra (@Keval_IM) August 2, 2024
To this, Dutta responded, “Well, you will be surprised how much these it guys have started earning. 5 years 30 lacs is actually very common now.”
Well, you will be surprised how much these it guys have started earning. 5 years 30 lacs is actually very common now.— Sourav Dutta (@Dutta_Souravd) August 2, 2024
Other comments included, “Live in reality man…2% of PPL file ITR,25lpa is 0.4% of the population most probably,” while another quipped, “Bro lives in an alternate universe.”
Live in reality man…2%of PPL file ITR,25lpa is 0.4% of the population most probably— Ritwik (@ritwikcse85) August 2, 2024
Bro lives in an alternate universe.— Indian Retail Investing (@IndianInve10186) August 2, 2024
“Only 20 out of 1000 will get this pay We need to consider more realistic average pay,” one more user added.
Only 20 out of 1000 will get this payWe need to consider more realistic average pay— satya (@satya6455) August 2, 2024
This isn’t the first time Dutta’s views have stirred controversy online. In June, he created a buzz by sharing a detailed table categorizing wealth based on net worth. According to his classification, individuals with a net worth of Rs 10 lakh are deemed “poor,” while those with a net worth of Rs 50 lakh are categorized as “middle class.”
My Definition of Wealth by Liquid Net-worth:Poor : 10 LacsLower Middle Class : 50 LacsMiddle Class : 1 CrUpper Middle Class : 2 CrRich : 5 CrHNI : 10 CrUHNI : 50 CrDon't Care Wealth : 200 CrGenerational Wealth : 1000 Cr
Agree?
I am an HNI. What about you?
— Sourav Dutta (@Dutta_Souravd) June 20, 2024
The post sparked a wave of diverse opinions, with users debating about the definitions of wealth.
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