[kragen]

There's a difference between working in foodservice and making a TV show about it. I was talking about foodservice workers. You can probably build a successful cooking channel without much capital investment, but not a successful restaurant. Starting a successful restaurant requires talent°, equipment, and land; starting a successful website only requires talent.

That's what FAANG are competing against when they hire hackers. And that's still true even though most hackers didn't apply to YC last fall, because they can sign on as employee #2 or employee #20 with someone who did. Because the other factors of production are not scarce enough to matter, jobs for hackers are abundant in a way that jobs for chefs are not. Patents, noncompetes, H1Bs, the anti-poaching conspiracy, and API keys are efforts to change that, but mostly they haven't been very effective.

(What makes you think the cook is a "he"? Both of the people I was basing that sketch on were women.)

° By "talent" I mean "strenuous and persistent effort by highly skilled people", not some kind of inborn genius. You can't start a business by sitting around thinking deep thoughts; you have to work hard. But for a restaurant, working hard isn't nearly enough, and that puts foodservice talent at more of a negotiating disadvantage with respect to investors.