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by gringofyx 3642 days ago
1. Not all employees are paid above market value

2. Working somewhere that software engineering talent is highly respected is no measure of fiscal compensation

3. Those advantages of upward mobility are learnt, or acquired skills that people work at. There is no opportunity for them to be in the same position as a 1%er living off their parents money to invest and then continue to get rich(er)

4. You imply that employees have the ability to negotiate on-par with any investor

5. Your last point about $100k is odd, that's just supply and demand in a free market - and the sentiment is doubley-odd given that employee salaries have stagnated since the 70's, SV salaries have been proven to be (somewhat) rigged, also it is in any companies corporate interests to pay the lowest possible amount for any resource.

Lastly, your point about the 1% of the 1% is off-topic - and I agree that they're not necessarily to blame for the widening gap between rich and poor - but without proper incentives for the 99% to go to work, then that 1% of wealth could become worthless if society revolts because of the disproportionate distribution.

My point is simply that alternative vehicles for employee remuneration need to exist beyond the status-quo that's legally existed for decades.

1 comments

You specifically called out Google in your comment. As a result your arguments feel odd, since Google has a reputation for high salaries and high quality of life. If you specifically mention Google as a problem, you must hate the vast majority of the industry that both doesn't compensate as well and doesn't offer comparable quality of life. In other words, if you aren't happy as a software engineer at Google, where would you be happier?
I did not say Google is a problem, I said that either the current mechanism or the proposed mechanism would present a problem for companies (such as Google) when hiring new staff.