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And accept a fraction of the salary! Which is what is meant by "party's over" I'd think. The big companies not only pay the highest wages but exert upward pre

And accept a fraction of the salary! Which is what is meant by "party's over" I'd think. The big companies not only pay the highest wages but exert upward pressure on other employers who would like to hire the same people. There are also non-monetary benefits to working at a large employer, like the greater variety of available assignments, generally better benefits (OK, sort of monetary), greater number of educational/training opportunities, and so on.

Apocryphon 5y ago
Regulatory concerns or not, it's unlikely that the bull run of the past decade would've continued indefinitely. And there's plenty of post-unicorn little empires (Uber, Twitter, AirBnB, Robinhood, etc.) that probably command as great salaries as the monopolies. Not to mention there are other big tech companies that don't seem to be in regulators' crosshairs- Microsoft, Oracle, even Netflix. Neither Amazon and Apple are known to pay as great salaries as Facebook/Google, and as mentioned it's debatable whether their stock prices would've continued in as explosive growth as in past years. At any rate, if one was to break up the big companies (which isn't even likely to happen), who's to say that AdSense Inc. or Instagram wouldn't pay as well as they did when they were internal teams?
- emodendroket 5y ago
  It’s no secret that large companies typically offer better pay and benefits across industries. And even Amazon and Apple have excellent pay compared to most other companies.
  - Apocryphon 5y ago
    Would Square, Stripe, Snap, Coinbase, Lyft, Twitter, Dropbox, et al really command lower salaries, FAANG RSUs vs. options aside? There’s a reason for why Facebook average turnover is like 2.5 years and Google average turnover is 1.1 years, there are options outside them in the industry. Even a cursory glance at Levels.fyi shows that Adobe pays competitively, and doubtless they're not the only older established company. Like I said, there’s still Netflix. The big monopolies, and really just Google and Facebook, might set the pace for comp and other employment practices for the industry, but they're far from the only game in town.
    - freyr 5y ago
      Google and Facebook set the bar for other companies to match or even exceed to attract talent. Without this pressure, I’d expect salaries to drop significantly across the board.
      - Apocryphon 5y ago
        Again, I keep mentioning there are other highly competitive corporations out there, and have mentioned multiple. At this point all of these companies are competing not only with Google and Facebook, but each other. The turnover rate at Google and Facebook would not nearly be as high as they are now if there weren't compelling alternatives. So at some point, the most distinguishing aspects would be 1) the specific FAANG equity (which as mentioned, might not nearly be as game-changing as in previous years), and 2) the FAANG name, which some of these other companies certainly give a run for the money for.
        deleted 5y ago
        [deleted]
freyr 5y ago
Yes, you got my meaning.

Apocryphon 5y ago

Regulatory concerns or not, it's unlikely that the bull run of the past decade would've continued indefinitely. And there's plenty of post-unicorn little empires (Uber, Twitter, AirBnB, Robinhood, etc.) that probably command as great salaries as the monopolies. Not to mention there are other big tech companies that don't seem to be in regulators' crosshairs- Microsoft, Oracle, even Netflix. Neither Amazon and Apple are known to pay as great salaries as Facebook/Google, and as mentioned it's debatable whether their stock prices would've continued in as explosive growth as in past years. At any rate, if one was to break up the big companies (which isn't even likely to happen), who's to say that AdSense Inc. or Instagram wouldn't pay as well as they did when they were internal teams?

emodendroket 5y ago
It’s no secret that large companies typically offer better pay and benefits across industries. And even Amazon and Apple have excellent pay compared to most other companies.
- Apocryphon 5y ago
  Would Square, Stripe, Snap, Coinbase, Lyft, Twitter, Dropbox, et al really command lower salaries, FAANG RSUs vs. options aside? There’s a reason for why Facebook average turnover is like 2.5 years and Google average turnover is 1.1 years, there are options outside them in the industry. Even a cursory glance at Levels.fyi shows that Adobe pays competitively, and doubtless they're not the only older established company. Like I said, there’s still Netflix. The big monopolies, and really just Google and Facebook, might set the pace for comp and other employment practices for the industry, but they're far from the only game in town.
  - freyr 5y ago
    Google and Facebook set the bar for other companies to match or even exceed to attract talent. Without this pressure, I’d expect salaries to drop significantly across the board.
    - Apocryphon 5y ago
      Again, I keep mentioning there are other highly competitive corporations out there, and have mentioned multiple. At this point all of these companies are competing not only with Google and Facebook, but each other. The turnover rate at Google and Facebook would not nearly be as high as they are now if there weren't compelling alternatives. So at some point, the most distinguishing aspects would be 1) the specific FAANG equity (which as mentioned, might not nearly be as game-changing as in previous years), and 2) the FAANG name, which some of these other companies certainly give a run for the money for.
      - deleted 5y ago
        [deleted]

freyr 5y ago

Yes, you got my meaning.