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Of course they do. Google pays some of the highest salaries in tech because they managed to become so profitable. I'm saying long term, profitable companies who
by unityByFreedom 5y ago
Of course they do. Google pays some of the highest salaries in tech because they managed to become so profitable. I'm saying long term, profitable companies who want to reinvest in themselves will pass profits on to employees because they need talent to make their products. There are certainly companies who decide not to reinvest, and simply extract profit. They become the dinosaurs.
- r4w8173 5y agoDo you say that at Google salaries increase with profits and are not capped by "fair amount for your location"?
- unityByFreedom 5y agoNo. I'm saying Google is able to offer more than an upstart company with no VC backing in part because it, like everyone else, receives IP protection in exchange for publishing methods. Sergey and Larry weren't born rich. By the way, I see you comment once every 3-5 years. Are you an alt?
- eru 5y agoYes, I already agree with the strict ability part. But eg just giving companies cash would also trivially increase their ability to pay higher salaries. But obviously, that's not really something anyone advocates for.
- unityByFreedom 5y ago> that's not really something anyone advocates for. Right because cash comes from government which comes from taxes which come from companies' profit. Cash has value because governments put some limits on how much there is. Of course, they do end up printing some and dilute the value. They don't just hand it out willy nilly.
- eru 5y agoYou are right about cash. And even if there was a windfall, eg imagine something silly like a gold meteorite just falling down on the treasury building: there are always opportunity costs to consider. But monopoly profits aren't too different: they don't just fall from the sky either. An enforced monopoly like those granted from a patent works by restricting what other people can do.
- r4w8173 5y agoNot sure what "alt" is. I just answer when the topic and my current focus intersects :)
- eru 5y agoThey most likely mean an alternate account. Like an alter ego.
- Jochim 5y agoGoogle literally colluded with other tech companies to avoid passing on those profits to employees.
- unityByFreedom 5y agoThat happened once they became a top-paying employer. You get there by paying high salaries.