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1. Difficulty in assigning a single number to performance does not mean that you can't compare against others. 2. There is license requirement, taxi medallion

1. Difficulty in assigning a single number to performance does not mean that you can't compare against others. 2. There is license requirement, taxi medallion like setup with lawyers, doctors which keeps overall supply low. 3. It's just not just your salary which company pays. There is a cost to company per employee if the ratio of your salary: cost to company declines, you are a problem for the company and company wants to invest in an employee with a better ratio. Also, you are making an assumption that we can look at an employee's productivity in isolation. No, there is a guy at our company. He is good at everything he does but no one wants to talk to him at a company due to his behavior issue. And whenever anyone finds a work which needs talking to him, they drag their feet, make excuses just to avoid him. Maybe older guys don't fit in the band of recent graduates? Maybe they feel that new guys are reinventing the wheel and dismiss the idea outright? Just imagine, if someone experienced (or old) (who has years of experience in payment processing) told Stripe founder that their idea is BS because they are tired of payment processing and have seen nothing new.

yayana 8y ago
Just imagine if someone experienced was retained at Intel told them that they are doing CPU level security wrong by doing downright idiotic things like sharing caches. What is the value of that worker in terms of productivity? Similarly with stripe, I am aware of dozens of similar companies doing CC processing that failed, and stripe probably built a better answer after sleeping on the advice of grumpy old advisors while companies that lost everything in recreating with nothing new had no advice or chose to ignore it. The general problem is that absurd hope may get you an IPO and a worse is better solution that experts can fix for you later. Building and maintaining a good company is hard and requires expensive experienced workers that lower your quarterly productivity by telling you the truth. Software being in the crisis it is in is no surprise, but the speed that hardware is joining the negligence for productivity club is more alarming.

yayana 8y ago

Just imagine if someone experienced was retained at Intel told them that they are doing CPU level security wrong by doing downright idiotic things like sharing caches. What is the value of that worker in terms of productivity? Similarly with stripe, I am aware of dozens of similar companies doing CC processing that failed, and stripe probably built a better answer after sleeping on the advice of grumpy old advisors while companies that lost everything in recreating with nothing new had no advice or chose to ignore it. The general problem is that absurd hope may get you an IPO and a worse is better solution that experts can fix for you later. Building and maintaining a good company is hard and requires expensive experienced workers that lower your quarterly productivity by telling you the truth. Software being in the crisis it is in is no surprise, but the speed that hardware is joining the negligence for productivity club is more alarming.