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Yes, but if we equalize the tech industry on the company level, startups will be able to pay more, and a lack of monopsony around high-level programmer talent w
by Ericson2314 6y ago
Yes, but if we equalize the tech industry on the company level, startups will be able to pay more, and a lack of monopsony around high-level programmer talent will further drive up wages.
Unless FAANG is unionized or something, the trust-busted alternative of the status quo is definitely better for labor.
- umeshunni 6y ago> startups will be able to pay more The OP's proposal is that startups should be able to pay less and hire talent, if it wasn't for those pesky FAANGs driving everyone's wages up. If only they were able to pay less would VCs have been able to keep even more for themselves, I mean, would the market have been more equitable (?@!@)
- Ericson2314 6y agoWell if that's what OP is saying they are wrong. Don't look at the market from the perspective of the one of the participants, look at it as a whole. And don't try to evaluate something like anti-trust in a marginal way, when the effects are so numerous. Better to take a more stateless / path-independent approach and just find the new equilibrium, for the first rough-cut analysis. From those perspectives, higher Gini coefficient clearly means lower median, etc. From your other comment it looks like you agree with my conclusions, at least.
- srtjstjsj 6y agoMore competition would mean lower prices for consumers, paying more employees building redundant products, and less money per employee for salary.
- Ericson2314 6y agoBut we're talking about breaking up vertical monopolies. That doesn't necessarily create more redundancy.