[jorblumesea]

If you ever worked at any tech company you'll know that isn't the case.

1) many FAANG employees either are managed out (PIP'ed) or leave to pursue more interesting work. Turnover is 10-15%.

2) Many FAANG employees aren't as smart as HN or the media would believe. Don't get me wrong, definitely some geniuses, but also a lot of fairly "normal smart" people with a work ethic

3) Walls, moats and regulatory capture are more than enough to secure the dominance of Amazon or other companies. You don't need to employee people, you can use lobbyists and lawyers.