Yeah, also the majority of new hires are contract workers who get paid $25-35/hr to write code (and also get swept up into having to do lab management, support work). These aren’t idiots too - I had a contractor who worked under me who was a legitimate genius. He would redesign things out of boredom because he felt they weren’t up to his standards. Significantly underpaid for what he did (same with the other members on his team). We had to fight to get the team a raise since it was pathetic what they were taking home ($25/hr).