I don’t have enough broad economic insight to know if this should be worrying generally or possibly even be seen as good. But what I do know is that work condi

I don’t have enough broad economic insight to know if this should be worrying generally or possibly even be seen as good. But what I do know is that work conditions, pay, and equity risk characteristics in start-up jobs are miserable, not to mention that work life balance is often poor and the start-up management is often deluded about the scope and importance of the business. I would be happy if entrepreneurs believed they needed a far greater amount of initial capital before starting a business, and viewed it as essentially mandatory to provide market rate salaries, comprehensive insurance, and seriously professional work life balance and workplace behavior, all before even hiring the first employee, and also even after accounting for early stage equity. If it was something of a cultural norm that you are a shyster, suspicious “entrepreneur” if you attempt to convince people to work for you without already having the capital arranged to invest that significantly in giving them good jobs from day one, I think this would be a great thing for the labor market generally, and would greatly deter a bunch of hype-driven nonsense startups that essentially allow already wealthy people to treat it like lottery tickets at the expense of employees.