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>It's just not sustainable anymore for most tech companies. Translation: Most tech companies are addicted to cheap labor, either through exploiting new gradua
by Accujack 5y ago
>It's just not sustainable anymore for most tech companies.
Translation: Most tech companies are addicted to cheap labor, either through exploiting new graduates or handing out potentially worthless stock options. They won't choose to reduce their profits regardless of what happens.
Very few startups "need" to hire less experienced people, mostly the ones that do just haven't got a viable business model. The ones that can't afford to hire the people they need at a reasonable salary for the work they expect shouldn't exist. They're just machines for turning venture capital into personal wealth for the founders as they exploit their employees then sell out.
- iamstupidsimple 5y agoI mean, if you were CEO, would you choose to reduce profit when you have investors on your back or want to grow staff quickly? Outside of VC driven cash cows or big tech, there's not that much money to go around at the bottom.
- Accujack 5y agoI think you really mean that in your experience there's not that much cash that makes it to the bottom... more cash COULD filter down if the corporation was run that way. Most corporations aren't.