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Last night I went out for sushi with some co-workers (we work at a tech startup). We were discussing whether it was really fair that we earned so much more than
by markchristian 17y ago
Last night I went out for sushi with some co-workers (we work at a tech startup). We were discussing whether it was really fair that we earned so much more than the waiters/waitresses at the restaurant, especially given how difficult we ourselves would have found their jobs to be.
We realized that it all came down to value. Who has generated more value in the world -- folks working at Facebook for two years (currently valued at a billion dollars, give or take), or someone selling trucks at a dealership (apparent value zero, if this imaginary dealership is downsizing)? I think it's pretty obvious that it's the engineers who've generated more (admittedly, only monetary) value.
So, yes, Facebook is raising money to give back to the folks who made them what they are. What monsters.
- johnnybgoode 17y agoThe problem is the measures of value are skewed. When people on Wall Street make even more money because they're subsidized by the government, it's not because they've generated more value.