I don't understand why people don't just pay more, and hire fewer people. It's easy to see a senior engineer that outputs 2-3x as much as a junior engineer, but

I don't understand why people don't just pay more, and hire fewer people. It's easy to see a senior engineer that outputs 2-3x as much as a junior engineer, but you don't see them being comped like that. If you're a company without a great culture, or other issues, it may still impede your hiring, but just comp people fairly to start with -- plenty of medium sized companies are doing this, and are thriving.