Being a monopoly and minting monopoly-level profits allows you to ignore otherwise rational market signals. Google has 92% marketshare in search, Apple has 82%

Being a monopoly and minting monopoly-level profits allows you to ignore otherwise rational market signals. Google has 92% marketshare in search, Apple has 82% of global smartphone profits, etc.So they can ignore the rational pull of a cheaper distributed talent market. Until public market investors get upset they’re paying $300k/yr for state school grads to do banal project management jobs inside the most expensive real estate on earth, nothing will change.