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>> Engineering culture encourages workers to collectively improve the company’s effectiveness. It encourages them to share knowledge with one another. To train
by 908B64B197 4y ago
>> Engineering culture encourages workers to collectively improve the company’s effectiveness. It encourages them to share knowledge with one another. To train each other. To build tools for one another. To bring new workers up to speed, and review each other’s work. To speed the company up. To seek out weaknesses in the company and fix them. / Engineers do this while they’re doing their actual job, the one the company thinks it’s paying them for: tending the machine that makes money.
Isn't it why any serious engineering job will have stocks as part of the comp package? That's pretty much the whole point: if the company does better, your stock does better...
- darth_avocado 4y agoThe company does better when they pay you less.
- WalterBright 4y agoThat depends. If they lose you to a competitor that pays more, then the company loses. It's that old Supply & Demand thing again.
- darth_avocado 4y agoWell if everyone decides to pay less, like it’s being argued here, then there is no supply demand, that’s just the cost of your labor.
- WalterBright 4y ago> if everyone decides to pay less That's called a "cartel", and the big problem with cartels is the members cheat on them under the table. They're unstable, unless maintained by force (i.e. using the law to punish members who cheat). I recall one job I had where I was offered X, and I said X wasn't enough. They said they weren't officially allowed to pay more, but they would if I kept my mouth shut. Deal!
- ClumsyPilot 4y ago> They're unstable, unless maintained by force What is the basis for this assertion? Is this why OPEC exists? Is that why in 2010 Department Of Justice had to step in to break up a wage suppression cartel between Adobe, Apple Inc., Google, Intel, Intuit, Pixar, Lucasfilm and eBay If it wasn't fpr the force of law, they would happily cooperate to drive you into poverty.
- leshow 4y agoAnd this wage suppression was direct collusion, corporations have such an oligopoly now they hardly need to explicitly collude, both on wages or prices. A company raises the price for something, and it's called 'price leadership', other companies recognize it is in their interest to follow suit and prices go up. The same dynamic exists for wages. Years of not enforcing anti-trust have left us in a pretty bad spot.
- WalterBright 4y agoWe've seen across the board price increases recently, but it was inflation, not collusion. How do you explain price decreases? > Years of not enforcing anti-trust have left us in a pretty bad spot. And yet STEM graduates were getting $200K+ for their first jobs. How is that collusion working out?
- ClumsyPilot 4y agoInflation is just tge cover story. 2021 was the most profitable year for big corporations since 1950, with pre-tax profits rising to $2.5 trillion and after-tax profits surging 35%, enabling the 1% to finally overtake the middle class in share of overall wealth. 53% of price increases went straight to profit. They've got you right where they want you. https://www.forbes.com/sites/errolschweizer/2022/05/10/how-windfall-profits-have-supercharged-food-inflation/?sh=610c48ea6672 https://www.forbes.com/sites/errolschweizer/2022/05/10/how-w... > And yet STEM graduates were getting $200K+ for their first jobs. How is that collusion working out? ?? City traders can make millions, they actually get a cut of profits they generate.
- ticviking 4y agoEventually the risk/reward to trying to make it with your side project gets in favor of taking the risk.
- 908B64B197 4y agoBlackBerry figured it out the hard way; Apple and Google won the talent war. The rest is history.