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> think they're worth more than they are. > Maybe smaller companies are failing at capitalism by not competing? Pretty much. It makes sense for employees to l
by bradleyjg 8y ago
> think they're worth more than they are.
> Maybe smaller companies are failing at capitalism by not competing?
Pretty much. It makes sense for employees to land where they can create the most value. If FAANG can get 4x the value out of a junior engineer than your small company can, of course they are going to outcompete you in hiring top junior engineers.
Figure out how to extract more value or set your sights lower (and regardless probably want to keep your contempt to yourself).
- saalweachter 8y agoThere's a common economic fallacy that prices have anything to do with the cost of production, but the only relationship is that if the price people are willing to pay for a product is less than the cost, that item simply doesn't get made and sold. When you have companies attempting to produce goods that cannot be profitably produced, below market wages are a common earmark. Whatever widget the company is selling only has a market at $X, but has a cost under current market conditions of $2X, so they are trying to pay people half market salary to bring the two numbers together.