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Or the value of even a mediocre engineer is high enough that these companies don’t fail. They would’ve done BETTER by keeping better engineers around but they’
by epicureanideal 5y ago
Or the value of even a mediocre engineer is high enough that these companies don’t fail. They would’ve done BETTER by keeping better engineers around but they’ll never know that. And in our current economy, the ability to get corrupt deals etc matters more to business success than actually producing things anyway, which further hides the effect of productivity on success.
- notyourday 5y agoThat's an argument that a Ferrari and a Civic have a different value if the only goal is just to transport someone 500 meters. They do not.
- epicureanideal 5y agoThat’s not what I’m saying. It seems to be a misrepresentation but I assume an honestly mistaken one. A closer analogy would be something like.. these companies are employed to unload cargo on ships from the dock. Some engineers can unload ships very quickly, and some propose using shipping containers and cranes. These are much more efficient. But the unloader companies don’t care, because they know they have the contracts locked up anyway. They are not especially intelligent or ambitious other than in the sense that they have some cleverness in the sneaky sense. The company continues to make money, the managers get their bonuses, and there’s still billions in economic waste happening but nobody with the ability to change it cares.