6 ms·
There is a shortage of good people willing to work for peanuts. There is no shortage of good people. Offer 500k/year, you'll have more people than you can mana
by yekko 13y ago
There is a shortage of good people willing to work for peanuts. There is no shortage of good people.
Offer 500k/year, you'll have more people than you can manage.
- TulliusCicero 13y agoYes, but this reasoning only goes so far. In order to pay all your engineers 500k/year, you'd have to absurdly profitable. Maybe MS and Google could pull that off, but most companies could not.
- yekko 13y agoThen those other companies are not competitive and will wither away in a Capitalist economy. Problem solved. tl;dr: paying high salaries is becoming a competitive advantage.
- eli_gottlieb 13y agoEven MS and Google can't pull that off. However, MS and Google and Apple certainly do receive about $400k-$500k of revenue per employee-year. And their median engineer's salary is roughly $100k +/- $5k. EDIT: Turns out someone found and posted the numbers for net income, actual profit, per employee-year. These companies can afford some higher freaking salaries. So either they can afford to raise salaries, or non-engineers are much more productive and highly-paid than engineers, or these firms just like being as exploitative as they can in terms of maximizing revenue-per-employee and minimizing salary costs.