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China is offering triple the salary to those people.It's impossible to keep up for a country as small as Taiwan. The end goal for China is not to immediately ou

China is offering triple the salary to those people.It's impossible to keep up for a country as small as Taiwan. The end goal for China is not to immediately outcompete TSMC but make Taiwan beg to be integrated into China.

toomuchtodo 5y ago
Very similar to how the US used military spending to cause the USSR to exhaust its resources.
- jonathankoren 5y ago
  That’s a popular thought in the US, in particular among political activists, but from what I understand, economists dismiss Reagan’s unprecedented peacetime deficit spending on the military, and rather point to internal inefficiencies in the Soviet economy, and critically the global price of oil. Like Russia today, the Soviet Union’s economy was centered on exports of raw materials, in particular oil and gas. Wells were needing to be recapitalized, but with low prices the money wasn’t available to revitalize the economic engine of the country. Luckily for the Soviet Union, the oil crises of the 1970s jacked up the price of oil, thus allowing them to stave off collapse until prices fell back to their historical average. In other words, if it wasn’t for OPEC, the Soviet Union would have collapsed under Nixon or Carter. https://www.aei.org/wp-content/uploads/2011/10/20070419_Gaidar.pdf https://www.aei.org/wp-content/uploads/2011/10/20070419_Gaid... https://www.rbth.com/history/331825-saudi-arabia-oil-crisis-ussr-collapse https://www.rbth.com/history/331825-saudi-arabia-oil-crisis-... https://carnegieendowment.org/2017/03/29/formation-and-evolution-of-soviet-union-s-oil-and-gas-dependence-pub-68443 https://carnegieendowment.org/2017/03/29/formation-and-evolu...
  - echelon 5y ago
    What's your take on the future of China, Taiwan, Asia, and the US?
    - MangoCoffee 5y ago
      China - https://www.youtube.com/watch?v=KY_zsc0wf1Y https://www.youtube.com/watch?v=KY_zsc0wf1Y I am not an expert on geopolitics and when it come to CCP's data. I'll always assumed false/fake then verify but one thing is real is the One Child Policy. Xi want dual circulation economy but I highly doubt that's going to happen with its population decline. China going to deal with labors, support older population, long term impact on economy...etc. if Peter is correct, China is becoming another old folks home like Japan. China's birth rate is already approaching Japan's level.
      - toomuchtodo 5y ago
        Africa and India have young populations, they’ll be the powerhouses of the second half of this century.
  - eloff 5y ago
    So if I remember correctly Soviet military spending reached 10% of their GDP which was unsustainable. I wonder if that was due to GDP falling with weak oil prices, or just rising military budget with a stagnant economy.
    - jonathankoren 5y ago
      Probably all of the above. Fun fact: No one knows how percentage of GDP the Soviets were spending on their military, but 10% is the low estimate. (See second figure.) The fifth figure should put to rest the idea that the Soviets tried to meet an increase in US military spending in the 80s. They didn’t. In fact, the president exact opposite is true. The US increased spending due to an increase by the Soviets in the mid 1970s. Soviet spending didn’t really increase at all in the 1980s. https://nintil.com/the-soviet-union-military-spending/ https://nintil.com/the-soviet-union-military-spending/
varispeed 5y ago
TSMC had 17 billion USD profit last year, right? How come they are unable to triple or in fact pay 10 times they already pay? It's simple greed in my book. It's always CEO cry that they cannot find talent while flying a private jet and offering 5 digit salary.
azurezyq 5y ago
Also note that 3x is not only for TSMC employees. Even for fresh CS graduates, China mainland pays way more than taiwan. https://www.payscale.com/research/CN/Job=Software_Engineer/Salary https://www.payscale.com/research/CN/Job=Software_Engineer/S... https://www.payscale.com/research/TW/Job=Software_Engineer/Salary https://www.payscale.com/research/TW/Job=Software_Engineer/S... It's about 1/3 more, if we only consider big cities like Beijing / Shanghai / Taipei, the difference is just larger. SWE is almost the best paid job kind there. Hardware is similar. I have to say the best way is to pay more. They deserve it. Just blaming the other side doesn't help.
refurb 5y ago
Similar to the US poaching Canadian software folks.

toomuchtodo 5y ago

Very similar to how the US used military spending to cause the USSR to exhaust its resources.

jonathankoren 5y ago
That’s a popular thought in the US, in particular among political activists, but from what I understand, economists dismiss Reagan’s unprecedented peacetime deficit spending on the military, and rather point to internal inefficiencies in the Soviet economy, and critically the global price of oil. Like Russia today, the Soviet Union’s economy was centered on exports of raw materials, in particular oil and gas. Wells were needing to be recapitalized, but with low prices the money wasn’t available to revitalize the economic engine of the country. Luckily for the Soviet Union, the oil crises of the 1970s jacked up the price of oil, thus allowing them to stave off collapse until prices fell back to their historical average. In other words, if it wasn’t for OPEC, the Soviet Union would have collapsed under Nixon or Carter. https://www.aei.org/wp-content/uploads/2011/10/20070419_Gaidar.pdf https://www.aei.org/wp-content/uploads/2011/10/20070419_Gaid... https://www.rbth.com/history/331825-saudi-arabia-oil-crisis-ussr-collapse https://www.rbth.com/history/331825-saudi-arabia-oil-crisis-... https://carnegieendowment.org/2017/03/29/formation-and-evolution-of-soviet-union-s-oil-and-gas-dependence-pub-68443 https://carnegieendowment.org/2017/03/29/formation-and-evolu...
- echelon 5y ago
  What's your take on the future of China, Taiwan, Asia, and the US?
  - MangoCoffee 5y ago
    China - https://www.youtube.com/watch?v=KY_zsc0wf1Y https://www.youtube.com/watch?v=KY_zsc0wf1Y I am not an expert on geopolitics and when it come to CCP's data. I'll always assumed false/fake then verify but one thing is real is the One Child Policy. Xi want dual circulation economy but I highly doubt that's going to happen with its population decline. China going to deal with labors, support older population, long term impact on economy...etc. if Peter is correct, China is becoming another old folks home like Japan. China's birth rate is already approaching Japan's level.
    - toomuchtodo 5y ago
      Africa and India have young populations, they’ll be the powerhouses of the second half of this century.
- eloff 5y ago
  So if I remember correctly Soviet military spending reached 10% of their GDP which was unsustainable. I wonder if that was due to GDP falling with weak oil prices, or just rising military budget with a stagnant economy.
  - jonathankoren 5y ago
    Probably all of the above. Fun fact: No one knows how percentage of GDP the Soviets were spending on their military, but 10% is the low estimate. (See second figure.) The fifth figure should put to rest the idea that the Soviets tried to meet an increase in US military spending in the 80s. They didn’t. In fact, the president exact opposite is true. The US increased spending due to an increase by the Soviets in the mid 1970s. Soviet spending didn’t really increase at all in the 1980s. https://nintil.com/the-soviet-union-military-spending/ https://nintil.com/the-soviet-union-military-spending/

varispeed 5y ago

TSMC had 17 billion USD profit last year, right? How come they are unable to triple or in fact pay 10 times they already pay? It's simple greed in my book. It's always CEO cry that they cannot find talent while flying a private jet and offering 5 digit salary.

azurezyq 5y ago

Also note that 3x is not only for TSMC employees. Even for fresh CS graduates, China mainland pays way more than taiwan. https://www.payscale.com/research/CN/Job=Software_Engineer/Salary https://www.payscale.com/research/CN/Job=Software_Engineer/S... https://www.payscale.com/research/TW/Job=Software_Engineer/Salary https://www.payscale.com/research/TW/Job=Software_Engineer/S... It's about 1/3 more, if we only consider big cities like Beijing / Shanghai / Taipei, the difference is just larger. SWE is almost the best paid job kind there. Hardware is similar. I have to say the best way is to pay more. They deserve it. Just blaming the other side doesn't help.

refurb 5y ago

Similar to the US poaching Canadian software folks.