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Across America, creative, hardworking people in coffee shops, dorm rooms and garages are creating the next era of growth. Let’s embrace our future as a knowledg

Across America, creative, hardworking people in coffee shops, dorm rooms and garages are creating the next era of growth. Let’s embrace our future as a knowledge economy and help them — and all of us — reach our full potential. Mark is talking his own book, he wants an unlimited number of cheap engineers from third world countries. Also a "knowledge economy" sounds great until it isn't. A lot like http://en.wikipedia.org/wiki/List_of_banking_crises http://en.wikipedia.org/wiki/List_of_banking_crises Raise the salaries so they want to work for FB, Apple and Google instead of GS and JP Morgan and you'll get more than enough employees. Oh, but that would effect your margins. Why aren't corporations hiring more people, instead of hoarding trillions of dollars in cash (1)? Their earnings are at a record high. (1) "But they do not have to...maximize shareholder's value...." etc. Fine, then we can keep that in mind and we do not even have to listen to them.

potatolicious 14y ago
I keep hearing about the supposed cheapassery of Silicon Valley, but I simply do not see it. Speaking for myself, I've been able to achieve ~20% raises every single year since I left college by leveraging the explosion in tech salaries. I do not believe I am grossly exceptional by any means. I am out-earning most finance-industry coders (though obviously not bankers). I just don't see it. When it comes to writing code, the startup scene here in NYC (and in SF, and in SV) are competitive with finance. Short of being a quant your comp packages don't get better than this - at least not if your job description is software engineering. In fact, I've witnessed the opposite of what you describe. In the engineers I've met there is no shortage of GS/JP Morgan refugees - people sick and tired of the ridiculous hours and being treated like cattle, and jumped ship into our side of tech. I've yet to meet anyone who's bailed from Google/Facebook/et al into GS, but I've met plenty going the other way. I've met many engineers imported from outside of the US, especially by the likes of Facebook, Google, Amazon, et al. I've never met one that was cheap - every single one earned comfortably into the mid-$100Ks and were worth every penny. In fact, the majority of H-1B holders I've met don't come from third-world countries - they came from developed nations, and they didn't come cheap. But don't let me get in the way of a convenient narrative, where the only purpose of immigration is the exploitation and oppression of hard-working Americans by evil corporations.
- OGinparadise 14y ago
  But don't let me get in the way of a convenient narrative, where the only purpose of immigration is the exploitation and oppression of hard-working Americans by evil corporations. Of course not, they really care about the 18 year old Mexican or Guatemalan busboy that came across the border at 12. I've never met one that was cheap - every single one earned comfortably into the mid-$100Ks and were worth every penny. That's irrelevant, no where is it written that mid $100K is "not cheap," supply and demand. Google, I read, nets around $1 million from an employee. My point is that companies usually want students from top schools, pay them as little as they can, hire them young and kinda drop them into their late thirties and then complain that we have no workers. It's a nation of 300 million people: some education reform, pre-work training maybe, giving others a chance etc can go a long way.
- flyinRyan 14y ago
  Care to provide some numbers? mid-$100Ks is the only thing you showed and that's a pretty low salary to me unless you're fresh out of college (or in a fly-over state, by why would you be :)
rdouble 14y ago
That is not really how it works.

potatolicious 14y ago

I keep hearing about the supposed cheapassery of Silicon Valley, but I simply do not see it. Speaking for myself, I've been able to achieve ~20% raises every single year since I left college by leveraging the explosion in tech salaries. I do not believe I am grossly exceptional by any means. I am out-earning most finance-industry coders (though obviously not bankers). I just don't see it. When it comes to writing code, the startup scene here in NYC (and in SF, and in SV) are competitive with finance. Short of being a quant your comp packages don't get better than this - at least not if your job description is software engineering. In fact, I've witnessed the opposite of what you describe. In the engineers I've met there is no shortage of GS/JP Morgan refugees - people sick and tired of the ridiculous hours and being treated like cattle, and jumped ship into our side of tech. I've yet to meet anyone who's bailed from Google/Facebook/et al into GS, but I've met plenty going the other way. I've met many engineers imported from outside of the US, especially by the likes of Facebook, Google, Amazon, et al. I've never met one that was cheap - every single one earned comfortably into the mid-$100Ks and were worth every penny. In fact, the majority of H-1B holders I've met don't come from third-world countries - they came from developed nations, and they didn't come cheap. But don't let me get in the way of a convenient narrative, where the only purpose of immigration is the exploitation and oppression of hard-working Americans by evil corporations.

OGinparadise 14y ago
But don't let me get in the way of a convenient narrative, where the only purpose of immigration is the exploitation and oppression of hard-working Americans by evil corporations. Of course not, they really care about the 18 year old Mexican or Guatemalan busboy that came across the border at 12. I've never met one that was cheap - every single one earned comfortably into the mid-$100Ks and were worth every penny. That's irrelevant, no where is it written that mid $100K is "not cheap," supply and demand. Google, I read, nets around $1 million from an employee. My point is that companies usually want students from top schools, pay them as little as they can, hire them young and kinda drop them into their late thirties and then complain that we have no workers. It's a nation of 300 million people: some education reform, pre-work training maybe, giving others a chance etc can go a long way.
flyinRyan 14y ago
Care to provide some numbers? mid-$100Ks is the only thing you showed and that's a pretty low salary to me unless you're fresh out of college (or in a fly-over state, by why would you be :)

rdouble 14y ago

That is not really how it works.