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This is an interesting take. I wonder how much the last 20 years of relatively cheap capital contributed to this. A lot of VC money seems to already have dried
by bumby 4y ago
This is an interesting take. I wonder how much the last 20 years of relatively cheap capital contributed to this. A lot of VC money seems to already have dried up as interest rates start to rise.
- infinite8s 4y agoIf you look at the explosion in salaries it's mostly been the last decade, which is coincidentally the decade of near 0 interest rates and capital chasing even more tenuous returns (ie the influx of money into VC funds which went into startups)
- bumby 4y agoIn theory, shouldn’t the cheap capital also caused explosion in salaries outside of tech? That didn’t seem to happen over the same time horizon
- infinite8s 4y agoWell a lot of that capital went into VC funds, and not many VCs are funding things outside of tech.