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So there is a thing I notice but don’t fully understand. A good example is looking at job positions here in the UK - in the London commuter belt. You can see
by lifeisstillgood 2y ago
So there is a thing I notice but don’t fully understand. A good example is looking at job positions here in the UK - in the London commuter belt. You can see upwards of 150ukp on offer, commonly 90k. For London based jobs. But often you see jobs out in the commuter belt at around the 45 level. So that’s a double or tripling of the salary for a on hours train journey
Now I think of this as being like football (soccer!) teams. There is the division four league where the players are professional but often need a second job just to stay afloat - and there is the ridiculous heights of premier leagues
Players in the top of the game are not that much better - look at the stats and it’s maybe 10% more pass completion or shots on goal.
But the real issue is the teams - if a team is content in the fourth division, they don’t need to get a Saudi investor to bankroll millions so they can offer huge salaries.
They can offer low salaries knowing someone will turn up and only be 90% of the top rated ones.
I am not sure I understand why power laws work the way they do, a law firm needs hundreds of A players to service each client, a TV studio or football team only needs a handful because everyone watches the same show.
Is every business a SaaS business? Or are there businesses that can get 90% of the talent for 10% of the cost and make it work?