Trading houses accept that people are mercenary, which means it's socially acceptable to be that way. The result is that it's much harder for these companies (e

Trading houses accept that people are mercenary, which means it's socially acceptable to be that way. The result is that it's much harder for these companies (especially prop shops) to take advantage of their workers. VC-funded tech, on the other hand, values effeteness and neoteny. You have to pretend to be a "true believer", and that creates enough actual true believers who'll take jobs with terrible terms, and that kills the market. Consequently, you have people working 80-hour weeks for "equity" that is 0.05% of a 60-person company. It's ridiculous.