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Overpaid is really the wrong way to think about it. The wages in SV are driven by companies who are extremely profitable. Lower pay would mean more wealth for e
by oivey 6y ago
Overpaid is really the wrong way to think about it. The wages in SV are driven by companies who are extremely profitable. Lower pay would mean more wealth for executives who are already some of the most wealthy people in the world (absent some systemic changes in the US government). FAANG employees are just getting a piece of the value of what they’re building.
- mrweasel 6y agoThat's one positive way of looking at it. I guess I'm just a little jaded by reading about Google developers who don't really do much, by their own admission, but who are still paid WAY more than they would anywhere else (Not to single Google out, it's just an example).