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No there is tremendous demand to work in those fields, a demand that is not being met because of price fixing. They could lower their wages and hire far more pe
by zjaffee 8y ago
No there is tremendous demand to work in those fields, a demand that is not being met because of price fixing. They could lower their wages and hire far more people to provide better services.
There is no wage fixing in the tech industry in a way that results in people getting paid more.
- Retric 8y agoThe preference at companies like google for hiring from a small list of schools is self perpetuating and drives up wages. Worse, as with every other artificial limitation on hiring it actually lowers the quality of their employees.
- zjaffee 8y agoGoogle and other top companies don't just hire engineers from a small list of schools though, additionally, they hire tons of people from industry. The majority of hires at FANGs went to state schools with huge student bodies and reasonable acceptance rates.
- Retric 8y agopreference != requirement. Some companies prefer to higher from a specific state school, that again causes them to pay more for less talented applicants. Suppose you have two applications one with your hidden preference and one without. If your preference has say slightly less experience or requires slightly more pay, well they are a slightly better applicant in your mind so that’s ok.