Developers and software developers are becoming more vocal in their criticism of what they say is the unfairness of the salary structure in the software industry.
The latest development comes from a new report by the McKinsey Global Institute, which is seeking to bring together developers, analysts and other professionals to help make sure that the industry moves in the right direction.
The report was published on Tuesday, with a summary by the Institute itself, and will be published later this week.
The study found that while software developers earn significantly more than their peers, they are still paid far less than other software developers.
The average salary for software developers in 2014 was $89,000, up from $75,000 in 2013.
That means that, on average, software developers earned just $4,600 per year on average.
The median salary for developers was $55,000.
However, the median salary rose to $60,000 by 2020, from $55 and $55.6, respectively.
The number of people who make more than $100,000 was about one in every five in 2014.
The most successful companies in the US are in the tech industry, the report found, with software giants like Apple and Google, as well as healthcare firms like Kaiser Permanente, Amazon and Microsoft, all having revenue that topped $100bn last year.
However the report notes that some software developers may be overpaid.
“A growing number of software developers will be in the top 5% of their industry for their compensation, but the median annual salary will be lower than this, at $55k,” the report states.
“The report estimates that the average software developer’s hourly wage is just over $70,000 per year.”
This means that while a software developer may be earning a very good salary, it could still be more than they could make in the industry, according to McKinsey.
However in some industries, such as health care, the number of full-time developers working on complex software projects is significantly lower than the number that are employed full- time, according the report.
“In healthcare, the top software developer for the year was a health IT consultant, who made $89k,” McKinsey states.
The healthcare industry is not the only one to have a problem with software development.
“Healthcare is one of the biggest software development markets, accounting for over half of all software development jobs,” the McKinseys report states, adding that the growth of health IT in the healthcare industry has been a major contributor to the recent growth of software development salaries.
McKinsey also says that software development is increasingly becoming a part of the workplace, which means that it is becoming harder to retain top talent.
“It is a huge shift to a more agile, adaptive and iterative culture, where the skills are developed outside the team,” the company says.
McKinseys research found that, over the past decade, there has been an increase in the number and size of software projects, particularly software for health care.
However that has not translated into more software developers working in healthcare, and McKinsey says that the numbers of software engineers in healthcare are increasing as well.
In the past, McKinsey found that software developers were typically working on smaller, low-volume software projects.
“However, as the number, scope and complexity of software-based projects grows, the demand for software engineers and software engineers with skills to support them increases,” the firm said.
“As this demand increases, more and more software engineers are becoming involved in projects larger than they would have previously been, and this trend will continue to increase over time.”
It is also worth mentioning that McKinsey points out that the healthcare sector is not alone in this.
The technology and healthcare sectors have also had a difficult time attracting developers.
“Software development in healthcare is particularly challenging because there is a significant number of developers who are not interested in the profession in the first place, nor have they the necessary skills to deliver quality software, nor the right set of skills to manage software projects in a complex and dynamic environment,” the organisation states.
In addition, the software and technology sector also struggles to find skilled software engineers.
“Some of the top healthcare software developers currently do not have the experience, education, and skills needed to be successful in the future healthcare software market,” the consultancy company said.
It is estimated that the IT industry is one in three jobs for software and the IT sector is one out of six jobs for jobs related to software development in the USA.
“Over the past 10 years, healthcare software has grown to be the most rapidly growing technology sector in the country, and the number in the IT field has grown by approximately 50% over the same period,” McKinseys said.
McKinays report also states that there is currently a shortage of skilled software developers for the software software industries, and it is a concern that many of these people are not working in software development but in the medical field.
“There is a shortage in the skilled software development workforce in