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I think the point is that very wealthy companies can temporarily pay employees more than the value they provide, and willingly eat that cost until the competit
by Cederfjard 6y ago
I think the point is that very wealthy companies can temporarily pay employees more than the value they provide, and willingly eat that cost until the competition has been stifled, at which point they can lower compensation again.
- jefftk 6y agoOn the other hand, offering extremely high salaries makes a lot of people consider becoming programmers who wouldn't otherwise think of it. You can't buy your way out of having your competitors having access to skilled labor, outside of perhaps the very short-term.
- saalweachter 6y agoYeah, this is the housing problem all over again. If the price to buy (well, rent) an engineer is too high, build more engineers.