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by TangoTrotFox
2973 days ago
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It's not a bubble by any stretch of the imagination. Facebook pays a lot because they have to pay a lot to get quality people to want to work at Facebook. Compare this against companies like SpaceX where the median compensation is quite awful for the industry made even worse by the area (compensation is well below $90k in most cases). This poor compensation is made even more peculiar at a glance by the incredibly high standard of employee they have. But they have these incredibly well qualified people lining up outside the door wanting to work for them. Of course refuting my argument is companies like Netflix. I don't entirely understand why they pay so much. But at least just taking examples like Facebook and SpaceX, compensation is mostly just based on supply and demand - rather than massive ongoing bubble of inflating salaries. |
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As for Netflix - you get to paid premium for taking a non-reliable job - they brag about their high turnover rate in their "culture" deck.