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Yeah, the difference is that your average corporation is sitting on a 10% net margin and tech product companies are sitting on a 35% net margin. Product compani
by wayoutthere 5y ago
Yeah, the difference is that your average corporation is sitting on a 10% net margin and tech product companies are sitting on a 35% net margin. Product companies are bidding for the best talent among eachother. Corporate IT simply cannot afford to compete with them on salary because their margins don’t support it.
I think we’re going to see a real bifurcation of the economy along these margin lines, where the “haves” and “have nots” are determined by the industry and company you work in.
- the_only_law 5y ago> I think we’re going to see a real bifurcation of the economy along these margin lines, where the “haves” and “have nots” are determined by the industry and company you work in. More interesting to me is how difficult it seems to be to move between these, and I imagine it will only et worse.