Comment by hrimfaxi
1 day ago
What point are you trying to make? Any company offering above market compensation is engaging in illegal activity?
1 day ago
What point are you trying to make? Any company offering above market compensation is engaging in illegal activity?
Not always- see Costco. But in a world where every company is trying to minimize expenses to maximize profits, paying significantly above market is at the very least an indicator that there may be something fishy going on.
It's a valid business strategy to hire the best and brightest in the field, and to pay higher than average to attract that talent -- if you can afford it.
"Big law" firms are a good example of this too: they pay way more than some random family law practice.
The "if you can afford it" is pulling all the weight there. Why can certain companies afford it more than others in the same market? The context of this thread is suggesting that those companies are doing more crime or crime-adjacent activities.
1 reply →
Yes and what do large, white shoe law firms work on primarily? The largest clients are the ones with lots of…legal activity.
What types of clients might those be?
Costco's IT department is not above market rates in the Seattle area fyi.
How I understood OP - is that Costco pays better than other big retailers. Also probably not only for IT department, but on average (including cashiers and such).
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I don't think he implied that. Criminality and ghoulish ethics are just one of many reasons a company may offer above market compensation.
Yes. But only because every company is engaging in illegal activity, big tech just more so.
Sure seems that way, no?
Low ethics high pay? Higher margins from lower ethics?
At some point does complacency with scammers become racketeering or criminals conspiracy? Knowledge is an element of crime and they know people are being scammed yet look away from it.
Any company offering above market compensation is engaging in illegal activity?
To quote Randall Munroe, "Correlation doesn't imply causation, but it does waggle its eyebrows suggestively and gesture furtively while mouthing 'look over there'."
https://xkcd.com/552/
What point are you trying to make? That Facebook is not trying to push the boundary of laws and ethics?