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by echelon 326 days ago
> The hard part is these workers are doing the job to survive life.

Tech companies used to hire all the brilliant engineers because they were worried about startups eating their lunch.

Without antitrust enforcement, they've grown large enough that they can essentially bleed money in any of their non-core markets for decades without it impacting them. So this clearly isn't the case anymore.

We need to:

(1) get the DOJ/FTC/EU/ASEAN/etc. to slap the FAANG / Mag 7 hard. Bust them up into many companies. It would probably even result in greater market value being created as these companies are inefficiently sitting on gold mountains that they do not monetize and also making insane malinvestments that simply waste millennia of human engineering in stupid ways that have absolutely no potential of succeeding. But more than anything, this oxygenates the field for competition and provides greater upside to the financial / labor / innovation capital that are actually doing the work.

(2) start lots of startups that erode the key money makers of these companies. They're quite vulnerable right now. And they've laid off a lot of highly skilled labor.

Google should be four or five companies, at minimum. And it's time that the governments of the world demand it.