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Wait, I thought we all agreed that there isn't an engineering crunch? I am not sure what immigration has to do with this, we make plenty of STEM graduates each
by djb_hackernews 13y ago
Wait, I thought we all agreed that there isn't an engineering crunch?
I am not sure what immigration has to do with this, we make plenty of STEM graduates each year, and we'd make more if the professions didn't look like they were under attack by every employer and politician. The smart kids you want to hire are smart enough to go into more protected professions, if they knew their jobs wouldn't be shipped over seas or their market flooded with foreign competition, then maybe we'd be able to attract them and keep them.
I worry that focusing on equity will just exacerbate the problem, because I think that a lot of people are becoming wise to the equity lottery and just don't see a difference between 0.1% and 5% of nothing. The problem will most certainly be solved by $$, but no doubt it is tough pill to swallow for a business to pay 150k now what was 100k a few years ago...
Keep in mind I am a software developer and self interested.
- rwissmann 13y agoIf you think your equity is worth zero you either work for the wrong company or do not understand how to use mathematics/probability theory.
- thedufer 13y agoOne person can only play that particular lottery maybe half a dozen times (more likely 2-3). That isn't nearly enough for the law of averages to even things out, so if you don't have a lot of room for risk, the rational thing is to value the equity at 0 (in terms of long-term planning) and be pleasantly surprised if things turn out better than that.