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patio11's profile
Patrick McKenzie
Patrick McKenzie
Patrick McKenzie
@patio11

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Patrick McKenzie

@patio11

I work for the Internet, at @stripe, mostly on accelerating startups. Opinions here are my own.

東京都 Tokyo
kalzumeus.com
Joined February 2009

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    1. Patrick McKenzie‏ @patio11 19 Nov 2019
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      I am frustrated by discourses in the software community that suggest most concentrations of wealth are necessarily evidence of theft, partly because that is untrue and partly because it's extremely instrumentally suboptimal for builders of things to think that.

      11 replies 46 retweets 377 likes
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    2. Patrick McKenzie‏ @patio11 19 Nov 2019
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      This thought occasioned by an easy sideswipe on HN this morning against people who live in the "beach resort with the $5m+ homes", but I've heard this invoked against everyone from billionaires to developers making $100k, and it drives me *freaking batty.*

      7 replies 2 retweets 70 likes
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    3. Patrick McKenzie‏ @patio11 19 Nov 2019
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      Part of the work of the software community is taking people who have socioeconomic backgrounds where they are unlikely to have known e.g. millionaires growing up and having them build valuable things. It is hard to do this if they think all millionaires are thieves.

      5 replies 5 retweets 82 likes
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    4. Patrick McKenzie‏ @patio11 19 Nov 2019
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      You will meet millionaires working in software. That is not an exceptional outcome for people who work in the industry for large portions of their career. Indeed, the exceptional thing about the software industry is that it routinely delivers this outcome to non-executives.

      3 replies 6 retweets 118 likes
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    5. Miguel‏ @miguelatwork 19 Nov 2019
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      Replying to @patio11

      "an exceptional outcome" is hard to quantify but there are a lot of people working in software, I'm pretty sure well over 99% of them are not millionaires. In fact I would guess more than 4 9s.

      2 replies 0 retweets 1 like
      Patrick McKenzie‏ @patio11 19 Nov 2019
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      Replying to @miguelatwork

      AppAmaGooBookSoft employ, back of envelope math here, 100k engineers. Every one which isn't fired will be a millionaire within 10 years. Very few are fired. I feel awkward banging this drum so much but bang it I do because this should inform expectations about e.g. offers.

      7:08 PM - 19 Nov 2019
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      3 replies 0 retweets 2 likes
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        2. Chris  🆚 Browsers‏ @onion2k 19 Nov 2019
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          Replying to @patio11 @miguelatwork

          "A millionaire is someone who has earned a million dollars over the course of their career." is a very unusual definition of what a millionaire is.

          1 reply 0 retweets 2 likes
        3. Robert Mushkatblat‏ @rmushkatblat 19 Nov 2019
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          Replying to @onion2k @patio11 @miguelatwork

          To spare Patrick the effort: A senior engineer at G/F/A/A (and sometimes, but not always, M) earns ~300-350k/year in total compensation. This is a level that is achievable by default through standard career progression in ~5 years. Most of them will be actual millionaires.

          2 replies 0 retweets 2 likes
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        2. Nikolai Wuttke‏ @lethal_guitar 20 Nov 2019
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          Replying to @patio11 @miguelatwork

          That's a very anglosphere/US-centric view. There are many more engineers all over the world than there are employees of those big names, and most of them won't become millionaires simply like that. You don't get > 100k salaries that easily in Europe, even.

          1 reply 0 retweets 2 likes
        3. Nikolai Wuttke‏ @lethal_guitar 21 Nov 2019
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          Replying to @lethal_guitar @patio11 @miguelatwork

          So I don't think "not exceptional" is really accurate. Not exceptional when working in the US in a specific industry sector, sure. But to generalize from that?

          0 replies 0 retweets 0 likes
        4. End of conversation
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        2. Corvid-19 Black Swan‏ @cbHXBY1D 20 Nov 2019
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          Replying to @patio11 @miguelatwork

          Dude you're gaslighting. There's a huge difference between employees at big tech companies who are "millionaires" because of the value of their home and the millionaires people rail against

          1 reply 0 retweets 1 like
        3. Corvid-19 Black Swan‏ @cbHXBY1D 20 Nov 2019
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          Replying to @cbHXBY1D @patio11 @miguelatwork

          When people speak of theft they are speaking about it in a) the marxian sense of exploited labor insofar as they are forced to sell their labor power to capitalists for less than the full value of the commodities they produce

          1 reply 0 retweets 0 likes
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