5 ms·

Not true - all of the best businessmen I know quite like to pay people, and pay them well. They do that because they are required to in order to retain tal

by codexon 16y ago

Not true - all of the best businessmen I know quite like to pay people, and pay them well. They do that because they are __required to__ in order to retain talent and competitiveness. If they could get it for free, you can bet they would. Why do you think so much outsourcing is happening? And Einstein was not a bad example to pick out of that. His contributions possibly number in the trillions, yet his salary was quite low. http://webcache.googleusercontent.com/search?q=cache:xCDZxEcRvLYJ:online.wsj.com/article/SB20001424052748703906204575027503446091776.html+einstein+salary&cd=6&hl=en&ct=clnk&client=firefox-a http://webcache.googleusercontent.com/search?q=cache:xCDZxEc...

lionhearted 16y ago
> They do that because they are __required to__ in order to retain talent and competitiveness. If they could get it for free, you can bet they would. You'd be surprised - often it's more cost effective to pay people than to try to get them for free. You get a different quality of work, support, and dedication. Ever had an unpaid intern? They take up more time than they're worth. Free labor is very expensive... > And Einstein was not a bad example to pick out of that. His contributions possibly number in the trillions, yet his salary was quite low. Salary is a part of compensation, but not all of it. Again, the U.S. President makes something like $400,000 per year, but his total compensation including prestige, perks, fame, power, etc, etc is one of the highest in the USA. Salary is not the only form of compensation. Money/direct monetary benefits is not the only form of compensation. When you can eat anywhere for free, and stay in any hotel or palace as an honored guest for free, you don't really need so much money any more. Einstein was on that level for the latter half of his life.
- codexon 16y ago
  You'd be surprised - often it's more cost effective to pay people than to try to get them for free. You get a different quality of work, support, and dedication. Ever had an unpaid intern? Please reread my sentence which you've just completely ignored. Unpaid interns obviously don't have the talent that most people want. But despite that, people still want them! When you can eat anywhere for free, and stay in any hotel or palace as an honored guest for free, you don't really need so much money any more. Einstein was on that level for the latter half of his life. Einstein could do that, but with what stipulation? Most likely that he had to give a speech. He can't just go to a multiple month luxury resort free of obligations that any billion-air mogul can today. And again, what is the value of these free meals and visits that can only be offered to you first? I would peg that at around $20 million at most, which pales in comparison to the billion dollar industries that have resulted from his discoveries.

Not true - all of the best businessmen I know quite like to pay people, and pay them well. They do that because they are __required to__ in order to retain tal

by codexon 16y ago

lionhearted 16y ago

> They do that because they are __required to__ in order to retain talent and competitiveness. If they could get it for free, you can bet they would. You'd be surprised - often it's more cost effective to pay people than to try to get them for free. You get a different quality of work, support, and dedication. Ever had an unpaid intern? They take up more time than they're worth. Free labor is very expensive... > And Einstein was not a bad example to pick out of that. His contributions possibly number in the trillions, yet his salary was quite low. Salary is a part of compensation, but not all of it. Again, the U.S. President makes something like $400,000 per year, but his total compensation including prestige, perks, fame, power, etc, etc is one of the highest in the USA. Salary is not the only form of compensation. Money/direct monetary benefits is not the only form of compensation. When you can eat anywhere for free, and stay in any hotel or palace as an honored guest for free, you don't really need so much money any more. Einstein was on that level for the latter half of his life.

codexon 16y ago
You'd be surprised - often it's more cost effective to pay people than to try to get them for free. You get a different quality of work, support, and dedication. Ever had an unpaid intern? Please reread my sentence which you've just completely ignored. Unpaid interns obviously don't have the talent that most people want. But despite that, people still want them! When you can eat anywhere for free, and stay in any hotel or palace as an honored guest for free, you don't really need so much money any more. Einstein was on that level for the latter half of his life. Einstein could do that, but with what stipulation? Most likely that he had to give a speech. He can't just go to a multiple month luxury resort free of obligations that any billion-air mogul can today. And again, what is the value of these free meals and visits that can only be offered to you first? I would peg that at around $20 million at most, which pales in comparison to the billion dollar industries that have resulted from his discoveries.