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Has it occurred to you that they hold down salaries, because they can? Apparently there are many people willing to work for that money. The word "market" assum
by jazzyk 9y ago
Has it occurred to you that they hold down salaries, because they can? Apparently there are many people willing to work for that money.
The word "market" assumes that each party can walk away from the deal.
But if you are the sole bread-winner and jobless, you are not in a position to walk away.
- pm90 9y ago> Has it occurred to you that they hold down salaries, because they can? Can we please have a conversation without the snark? Thank you. > Apparently there are many people willing to work for that money. I understand that they probably do find workers willing to work that wage. But what I'm stating is: they can have much more, a thriving hub of tech innovation much like SV, if they were to pay more, and attract talent from around the world, like SV does today. That talent and ecosystem would probably help them a lot more overall.
- jazzyk 9y agoThere is more to creating "another SV" than just paying more, and it is quite complex and not precisely measurable. If you are interested, The Economist had a cover story on this a couple of years ago, explaining it much better than I ever could.
- confounded 9y agoSure, but pm90's point is still a good one (as someone who's worked for tech companies in both markets).