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As mentioned below, Netflix has the philosophy "we're a professional sports team". Yet they don't pay people millions of dollars like an athlete. If you really
by cyberpanther 10y ago
As mentioned below, Netflix has the philosophy "we're a professional sports team". Yet they don't pay people millions of dollars like an athlete. If you really want to be cut throat, great, pay people like an athlete then. Otherwise quit the BS.
- fossuser 10y agoThey may not pay millions (as far as I know), but I've heard a senior engineer at Netflix can make upwards of $400k/year which is a lot relative to a similar position in other companies.
- phamilton 10y agoIt's actually comparable to league minimum in Major League baseball, roughly $500k. And I can guarantee that the average minor league player out there makes far less than your average software engineer.
- pc86 10y agoIs your point that because an average software engineer makes 5-10x what a minor league baseball player makes, that a "major league" software engineer should also make 5-10x what an MLB player makes?
- phamilton 10y agoNope. The original claim is that Netflix runs more like a professional sports team in terms of demanding performance. The argument against was that they don't pay like one. My argument is that they pay somewhere between a minor and major league team, both of which have a "perform or get out" mentality.
- prdonahue 10y agoSome make far more than that. They pay 100% cash and let employees decide how much appetite for (equity) risk they want to take on. It's a refreshing model for those who've seen their significant equity stakes (on paper) become worthless, or those who prefer to know exactly what compensation they'll be getting upfront, etc.
- freddie_mercury 10y agoNot all professional sports pay millions.
- inopinatus 10y agoMost professional athletes don't earn big money. Rather like music, a very few make it in the big leagues. Of the rest, some find steady work in minor teams; many, many others struggle to get by combining their passion with casual day jobs. If your sport isn't one of the few that can command massive advertising dollars, then there may be no pay at all. The value chain is very clear: all high athlete salaries are ultimately funded by advertisers wanting access to consumer eyeballs. Overlay all this with the very short effective career, the near-absence of post-athletic marketable skills, and the devastating effect of injuries, and you'll find athletes are statistically underpaid over their lifetimes.
- pc86 10y agoStatistically underpaid compared to what?
- tempestn 10y agoThey pay market rates, just like sports teams do.
- btmorex 10y agoSports teams don't actually pay market rates. Every sport that I can think of limits pay in one way or another especially for stars, ostensibly so that small market teams can compete with big market teams.
- jzwinck 10y agoIn sailing you can usually pay crew whatever you like. Here's one example: http://www.wsj.com/articles/a-sailors-salary-300-000-if-he-works-for-larry-ellison-1426013584 http://www.wsj.com/articles/a-sailors-salary-300-000-if-he-w... There probably aren't any $10MM/year sailors, but we can infer that $1-2MM/year should be possible for a few.
- stevewilhelm 10y agoIn English and European club football (soccer) there are no salary caps. "In English sport, there’s no draft; there’s no salary cap; there’s no revenue sharing, no parity. In the Premier League, it’s every team for themselves." [1] 1 http://freakonomics.com/podcast/leicester-city/ http://freakonomics.com/podcast/leicester-city/
- rmc 10y agoIt quite funny how socialist American football is. :)
- tonyedgecombe 10y agoIt quite funny how socialist American is. :)
- aianus 10y ago> Yet they don't pay people millions of dollars like an athlete. They also don't fire you at 30 for being washed up and leave you with brain injuries and zero transferable skills.
- douche 10y agoThey wait until you're 40 to call you washed up /s
- ttam 10y agoNetflix is actually known for paying some of the best salaries in the Valley.