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> In corporate America, young people don't get tricked into working severely underpaid for equity No, they just get tricked into working severely underpaid for
by erikpukinskis 9y ago
> In corporate America, young people don't get tricked into working severely underpaid for equity
No, they just get tricked into working severely underpaid for cash. Unfair compensation is unfair compensation. Fraudulent valuations are fraudulent. It has nothing to do with silicon valley vs corporate America it has to do with fraud and people taking unfair advantage of information differentials.
- siegel 9y agoWell, I would say information differentials + a huge power imbalance. And I would add to that a huge cultural shift vs. decades ago in terms of what is considered "acceptable" and "moral" as relates to relative compensation of rank-and-file workers vs. executives. (One can debate the extent to which these cultural shifts are also the result of policy shifts.)