In biglaw, i have friends who easily work 2500-3000 hours a year to make their billable hours requirement. So these salaries are not exact as great as one would think anyway
lucrative is also a relative term
I'm familiar with the sum($)/sum(hours) =< minimum wage arguments. We're also talking about the top 1% of 1% of wage earners in their age bracket. You might be able to get there via other means with better quality-of-life, but by all means -- absolute or relative -- $160K/year base + bonus is lucrative.Of course, many engineers work similar hours, for far less than a NYC law associate.
[1] http://www.census.gov/prod/cen2010/briefs/c2010br-03.pdf (roughly 4M 26-year-olds in the US; 0.01% is 400 people)
[2] http://www.theatlantic.com/business/archive/2014/10/the-top-... (for 27-31, 1% = $135k, 0.1% = $300k)
[3] https://dqydj.com/income-percentile-by-age-calculator/ ($200k is within the top 1% for 26-year-olds)
Only in big "tech" cities. This article is about someone in Indiana.
First you can not say a person works "in tech" any more like you can with Legal. The Information Technology industry has sooo many different Job Classification today that you can not longer loop everyone that "works in tech" together. Not even all programmers or administrators can be looped together anymore IMO. However there is 3 Basic area's of information technology that you might be able to Group together. Support, Administration, Development...
That said like the legal Field, Technology has also be decimated, H1B, "The Cloud", the rise of MSP model @ the expense of Internal IT and other issues are massively lowering the wages
So while a person @26 working for a Top Silicon Valley Company (apple, Amazon, Google, etc) as a High level Programmer, might get 195K, I do not believe you can say a person at 26 should "expect" to get 195K far far far far far from it.
If they are in Operations/Administration, you are looking at 40-70K nation wide, if you are in programming a little more, if you are In Repair or "HelpDesk" a little to much less..
Specialty Area's like DBA or Senior Linux Admin can command those high pay levels in select regions as well.