3 ms·
Disliked the article because of it's lack of substance. But on this topic, what are companies supposed to do with lots of money? There's way more downsides to
by preommr 4y ago
Disliked the article because of it's lack of substance.
But on this topic, what are companies supposed to do with lots of money? There's way more downsides to paying somebody too much money. Higher salaries past 200k means that people can retire sooner. Paying somebody 10mn is generational wealth - as in it's more money than someone can spend in their lifetime. They're much less likely to put up with bullshit and take important institutional knowledge with them.
Also at some point it does become neccessary to hire more people. It's not a good idea for the gap between salaries to be that huge.
Paying way above average for labor means a greater chance for a competitor to bridge the gap.
And the previous point is important because past a certain point, people are unlikely to work that much harder. If a company pays in the top 5% instead of top 1%, they'll still get lots of people that are willing to work very hard.
- emmo 4y agoThey could reduce the price of their product.
- Attrecomet 4y agoHey now, you want them to sell us off cheaply? My life is worth more than a discount bargain on the dataset!