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I agree with you in principle. The problem is that status quo encourages very short term thinking that has caused a lot of damage. I think it's at least worth
by dasil003 9y ago
I agree with you in principle. The problem is that status quo encourages very short term thinking that has caused a lot of damage. I think it's at least worth toying around with longer-term incentives to see what can come out of it. I'm not super excited about 5 or 10 year vests (especially 20 years into my tech career without an FU nest egg), but it's a far lesser evil than non-competes or astronomical real estate (the latter being the thing that will likely drive me away for the sake of my family).
- mathattack 9y agoI'm not sure I follow you on real estate. Does the OP's proposal for long term capital fix that? Best I can tell, the one thing that will fix expensive real estate is autonomous cars. (Parking can be converted to housing, and longer commutes become tolerable)
- dasil003 9y agoActually I was just reflecting your examples, not citing things which the proposal would fix.
- mathattack 9y agoah - got it. Unfortunately expensive real estate is a 2nd order effect of flexible labor and capital.