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> It makes sense that these companies are playing the long game on skills and wages. Labor is among their most expensive costs, with tech worker salaries runnin
by barry-cotter 8y ago
> It makes sense that these companies are playing the long game on skills and wages. Labor is among their most expensive costs, with tech worker salaries running to the low six figures at Facebook and Google. But with few workers possessing the skills to do these jobs, a competitive salary is the only way that tech companies can compete for talent today.
> There is no reason tech workers should expect disproportionately high salaries to be permanent, however. Execs are already doing what they can to suppress wages. The shorter-term strategies are clear. Tech companies collude via anti-poaching schemes to keep wages down. They use non-compete disclosures to push wages down by forbidding workers to get jobs from competitors. They also take advantage of the H-1B visa, hiring immigrant workers for cheaper than their American counterparts.