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> We’re engineers, not royalty. There’s nothing any one of us could do that would justify these wages, if it wasn’t for US immigration policies causing an artif
by jhowell 6y ago
> We’re engineers, not royalty. There’s nothing any one of us could do that would justify these wages, if it wasn’t for US immigration policies causing an artificial supply/demand issue.
Executives, CEOs and shareholders are all highly compensated for their risk in both time and money and are not "royalty." I would argue that being royal implies birth as an unjustifiably paid skill.
- kuschku 6y ago> Executives, CEOs and shareholders are all highly compensated for their risk in both time and money That too is wrong. Paying wages based on supply/demand instead of based on the value an employee actually provides leads to exactly this kind of heavily distorted labor markets.
- quickthrower2 6y agoWell how do you define value? Is it workers should get enough for a modest life, a fair pay for a fair days work, the rest goes to shareholders?
- exged 6y agoFB generates around $2 million in annual revenue and $600k in net income per employee (not just engineers). If the only thing you consider is value generated by each employee, then FB should be paying far more. Maybe 400k for a new grad and 1M for a senior engineer?