4 ms·
The thing is, without those risky hypergrowth BS companies, your jobs market for "safe jobs" would be shit. So you do have both options available at the same ti
by ChuckNorris89 3y ago
The thing is, without those risky hypergrowth BS companies, your jobs market for "safe jobs" would be shit. So you do have both options available at the same time.
Nobody is forcing you to work at FAANGs or other hypergrowth companies that have redundancies, there's older established companies that didn't have redundancies which of course, pay much less than FAANGs do.
Places that only have safe employment options, without hypergrowth, also have massively lower wages for everyone.
- anonymouskimmer 3y agoIt's not about "safe jobs", it's about fostering diverse commercial environments in which people can readily get good-fit "new jobs" when their old job disappears. This sort of environment has the side-effect of increasing wages for everyone. When market contractions hit even "safe jobs" aren't necessarily safe. Competition is important. But there are limits, after which it's better for everyone if the business-creator comes up with a novel idea and pursues that instead of iterating on everyone else. This is very difficult. It might be a bit less difficult if the culture didn't encourage followership in its leaders and funders.