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It's really hard to argue with money printing machines that anything they're doing now is wrong. I don't even want to bother much myself if I can help it... Sur
by Jach 8y ago
It's really hard to argue with money printing machines that anything they're doing now is wrong. I don't even want to bother much myself if I can help it... Sure, maybe if they changed some things they could print money a tiny bit faster, or set themselves up to survive the next phase of the economy in some years when it's no longer so easy to print money (lots of companies die over ~15 years, which also corresponds to the global economy's doubling rate...). But also any change has an element of risk, so the money printing could slow down or put it in a worse long-term position. When something is working great right now, you're reasonably going to be more risk-adverse about changing things.
We do see other companies hiring differently, and being rewarded in the market, in part, for it. Most of the time it's a marginal reward. Sometimes though we get a new FAANG, staffed by people who wouldn't have made it through FAANG's ringers.