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I know this is supposed to be a "self-awareness jab" at HN commenters, but you should really take a look at the stock market. 7 of the top 10 companies by marke
by typon 3y ago
I know this is supposed to be a "self-awareness jab" at HN commenters, but you should really take a look at the stock market. 7 of the top 10 companies by market value are American tech companies. If anything, American IT workers are severely underpaid compared to the profits these companies are raking in.
- geodel 3y agoI think you mean well. Though this comment does remind me of situation during Silicon Valley Bank collapse. Many startup founders were shocked to discover how large part of America hate these hardworking entrepreneurs for no fault of theirs.
- badpun 3y agoThese companies are raking record profit because they've managed to place themselves as de facto monopolies in their respective areas. The software world is a winner-take-all in nature, where the last man standing becomes a super profitable monopoly (SV prefers the term "the moat" instead of monopoly). It has little to do with the workers of these companies and everything with the lack of regulation of the tech sector.
- typon 3y agoThat very well may be true, but I would rather the workers still get paid concomitant to the profits the corporation is raking in rather than even more wealth being accumulated by the capital class running these corporations.
- jeremyjh 3y agoBut that means the work being done at those companies is more valuable than the work being done elsewhere, and so it makes sense that those companies would pay more (because marginally better employees will add even more value than they cost, due to the org's over-size leverage of that work). That in turn raises salaries for all workers in the same market.