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You know this. I know this. Pretty much everyone in tech knows this. But this isn’t about only Google paying lower, Google already pays lower than competitors a
by darth_avocado 4y ago
You know this. I know this. Pretty much everyone in tech knows this. But this isn’t about only Google paying lower, Google already pays lower than competitors and still hires talented people. This is more about market wide pressure to suppress wages. If every company does the same, suddenly the quality engineers start getting paid a lot less than they should be.
Of course over a course of a longer period, this drives up competition and new startups capitalize on the opportunity, but in the short term it resets the wages until the cycle starts again.
- mgraczyk 4y agoThe part about Google still hiring talented people is not true. You should look around at offers. Google is hiring fewer good people because other companies are paying more. Google is losing their best people to startups that pay more. For ML roles, salaries are much higher than they ever have been.
- thinking4real 4y agoMany in tech are only their instead of starting direct competition to the major tech players because of the high compensation. Sure I could create my own startup and make more, but with lower pay and way lower headache i’ll take the salary. If I was being offered what European companies offer swe, i’d be out the door. I might even go take a job that’s enjoyable since the pay isn’t there. I actually hope this is a broad movement for big tech companies to pay less. I’d love to see an exodus of power from them.
- sacnoradhq 4y agoWhere I work, there are multiple senior ICs making 7 figures. There are many dimensions in the calculus of layoffs: - An opportunity to get rid of staff they don't like - Trim down for the particular economic environment (Meta went insane the past 5-10 years, zooming up in head count like a hockey stick. Google has some bloated departments.) - Virtue signal to investors that they're "using their money well" - And, tamp down on wages If high impact engineers had any sense, they would: 0. unionize 1. form worker-owned co-ops to capture the market value for their labor rather than whatever crumbs a corporation decides to grant them.
- roncesvalles 4y ago>form worker-owned co-ops to capture the market value for their labor There's a word for that - "startup"