3 ms·
That doesn’t follow. Like this blog post points out, there’s a ton of postings out there with these absurdly low pay expectations. And yet, companies can, and
by msbarnett 7y ago
That doesn’t follow.
Like this blog post points out, there’s a ton of postings out there with these absurdly low pay expectations. And yet, companies can, and do, struggle to fill $120,000 a year jobs.
It can simultaneously be the case that the majority of the market is willing to pay peanuts AND the average developer routinely signs for far, far more than that.
The majority of the market simply never finds any takers whatsoever for their “genius social media idea I own it you have to sign an NDA for, you do all the work, $15/hr”.
- gnulinux 7y agoYes I don't disagree with that. I must correct myself, for my wording wasn't precise. People are worth what most employees' employers are willing to pay.
- ABCLAW 7y ago>People are worth what most employees' employers are willing to pay. Companies must transact for labour at a rate that transfers wealth to them. On average, employees must be able generate more value to a firm than their wages, otherwise employing people would be a net negative to a firm.
- fiter 7y agoYou say transfer like it's coming from the employee. Adam Smith would say the wealth is being created by the resources that the company brings along with the labor that the employee brings.
- ABCLAW 7y ago>You say transfer like it's coming from the employee. That's not what I said at all. The first sentence is a constraint on firm survival, not a statement about where wealth is derived.