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by agentgumshoe
1190 days ago
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Indeed, VC's loaded with 'free' money pumping whatever idea could bring in the consumers enough to keep a narrative spinning. I haven't seen any particularly strong profitability case for ChatGPT and the like yet, unless you call ad dollars from promoting "ChatXX does this amazing trick!" as proof. People barely even questioned the ludicrous wages being thrown around in silicon valley, supported by 'funding rounds' and silly valuations of future growth. But, it all sucks because the people that will lose are the last-in-chain investors and the to-be-unemployed. Not the VC crybabies currently out there complaining about their need for protection by the establishment they protest. |
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Until I moved, I earned five figures, you know a bit more each year, and was happy. I had a house, a big spacious house by San Jose standards, and a nice town with friendly friends and so on. When I started in SV, they raised me to USD 120,000 and the HR recruiter literally apologized for it not being more. Since then it has gone up about four x, for no really good reason that I can see, since it is fun work I would do for much less. Only when you get into profit per worker does it make sense.
And that isn’t due to some moral failure entirely, but something about the weird asymmetries that networked technology seems to facilitate. One little neighborhood, but services and products for dozens or hundreds of countries. Each time a country is added to the network, the winner takes some more.