[baursak]

The only people who care about efficient allocation of resources for the society are socialists and academics. Certainly CEOs with multi-million dollar annual compensations don't think they're contributing to allocation inefficiencies by negotiating their compensations. Neither do doctors and AMA, who we all love and respect. Neither do military leaders or politicians, who demand half the country's budget for military expenditures. Etc, etc.

Increasing the skill supply is the right thing to do if you're Google stakeholder, or broadly speaking, a capitalist. It's much more questionable if you're in the labor force.

[sounds]

Or, more bluntly:

Google should pay high salaries. The market will supply the skilled workers when the salaries are high enough to attract more workers.

(Google does pay high salaries. If they want more skilled workers, raising their salaries is the most efficient way to get that outcome.)

[s73ver_]

Well, it's more than just pure salary. I'm sure if they changed things so that one did not have to work crazy hours while there, they could get away with paying less.

[orangecat]

You don't have to work crazy hours at Google. At least at the teams I was on; there were occasional reports of lousy conditions in some groups (e.g. Nest), but they were very much the exception.

[TeMPOraL]

They're likely betting that investing in training programs will be even more effective.

[stale2002]

Uhh, I do NOT love the AMA.

The AMA is responsible for maximum doctor quotas that drive up the cost of healthcare.

The AMAs decision to artificially increase the cost of Healthcare literally kills people.