3 ms·
I wonder if any of the tech workers here cheering on the breaking up of Google or Facebook realize that the obscene FAANG compensation packages are only made po
by esoterica 6y ago
I wonder if any of the tech workers here cheering on the breaking up of Google or Facebook realize that the obscene FAANG compensation packages are only made possible by their massive profit margins, which are in turn enabled by their pseudo-monopoly status.
Monopolies are "bad" because they have the pricing power gouge their customers at the expense of boosting profits. But Google's and Facebook's customers are advertisers! When you support "breaking up tech monopolies" you are basically saying programmers should get paid less money so advertising companies can buy cheaper ads. What an utterly ridiculous and self-destructive thing for tech workers to advocate.