3 ms·
Umm, but aren't most people hired through a labor market? What reasons do you have to believe its not an efficient market?
by ojbyrne 18y ago
Umm, but aren't most people hired through a labor market? What reasons do you have to believe its not an efficient market?
- pchristensen 18y agoThe firms that hire them are mediators between the raw market and the labor market. And those firms almost always pay for the expected average productivity for that position. Which leads to ... the Team Compensation issue. http://www.paulgraham.com/wealth.html http://www.paulgraham.com/wealth.html
- dpapathanasiou 18y agoI'm just describing a phenomenon I've seen at large companies, i.e. 10% of the people do all the work. The other 90% spend their time attending meetings, writing memos, and otherwise looking busy but not actually adding value.
- ojbyrne 18y agoI think that attending meetings and writing memos are work. Startups do eventually grow beyond the startup phase, and nobody has figured out a better way to manage large companies than bureaucracy. Middle managers, memos, interminable meetings...
- dpapathanasiou 18y agoYou're right, organization and management are important. It's just that there are so few good managers; at all the large companies where I worked, it was an open secret who was contributing and who was just taking up space. The majority was in the latter category.
- ojbyrne 18y agoA large part of good management is figuring out who is contributing and who is taking up space and taking the required action ;-).
- dpapathanasiou 18y agoUnless, of course, you realize that you are one of the needless managers and do everything you can to hold on to your nice salary and benefits...