Comment by Apocryphon
6 years ago
Could it be because BigTech, collectively, have created an oligopoly? Perhaps making it easier for startups to compete is another reason for antitrust.
6 years ago
Could it be because BigTech, collectively, have created an oligopoly? Perhaps making it easier for startups to compete is another reason for antitrust.
BigTech is insanely big right now. Basically advertising and cloud are humongous cash cows. It’s a good time to work for BigTech and build some safety net.
But then again it’s only Google and FB that pay above the line. Microsoft and Amazon salaries, last I checked were pretty subpar.
Apple is not known for paying great, either. So one wonders if it really is just Google and Facebook pumping the market up.
A lot of Amazon engineers have done amazingly well over the past 5 years what with the huge run-up in stock prices. This may not continue going forward, but don't underestimate how much bank they've made recently.
I think that's true but a good number of my coworkers at Apple got offers from Google as well and Apple outbid them
My theory (I could be wrong) is that both Google and Facebook and startups trying to emulate them are trying to exclusively hire from the same dozen elite universities. That would explain the salaries.
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Or alternatively (and in my mind, more likely), the massive gains coming directly from computer technology has reached its peak. There will never be another new purely "technology" (i.e. where the business is primarily built-on computer software, internet, and/or hardware) company that's as profitable and powerful as Google or FaceBook
There will always be scope for solid good new businesses with big and small margins, but maybe the next FB / Google will be in some other field? Maybe biology or nutrition, maybe quantum physics, who knows. I wish I had some ideas though.