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by youpassbutter 2982 days ago
It also means that their employees aren't being paid as well as they should be. It also means that they are enjoying a monopolistic position.

Usually, when a business is as lucrative as google's, competition arrives. But it seems like tech doesn't work that way.

For example, if a chicken restaurant is making $1.5 million in revenue per employee, then you'd see tons of chicken restaurants pop up to compete. Even the employees, seeing such extraordinary revenue, would quit and open up shop. But for a variety of reasons, tech doesn't seem to work that way.

Is it lack of capital? Lack of opportunities? Lack of tech-oriented people? Lack of entrepreneurs?

> That's crazy

It's ridiculous. It's amazing how profitable large tech companies are. What's even more puzzling is why there aren't more googles/facebooks/etc, especially in other countries like france, germany, britain, etc.