There’s a deep, deep level of discomfort, in many places, about engineering (and specifically programming) durably transitioning social classes from “a lower middle class occupation” to “an upper middle class occupation” to “a professional class occupation” to futures unknown.
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“It’s a bubble.” Crypto is a bubble. I will at least entertain arguments that valuations of startups are a bubble, though I think I disagree with you. AppAmaGooFaceSoft? Ignoring the share prices and just looking at the fundamental economics of those businesses: they can pay.
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Because the people I see asking about this most frequently have “capitalist” in their job titles.
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I was perfectly happy being paid like a factory worker: in at 9:30, out at 5, plenty of free time to get a family and have a life outside work.
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I like to think I'm not alone in thinking that way too much exploitation happens by inducing people to think they are joint partners when they are, in fact, suckers who took equity instead of a market salary.
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Friends who were at Microsoft through the 90s report that employees getting rich served as a great filter: • The assholes tended to “call in rich” • Those with passion stayed to do the work they loved • Managers learned to tread carefully YMMV
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yes, FYIV is a handy filter term
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How about creating a healthy environment for engineers to strive in? Money can't help much with engineers, if they believe that they are being constantly mismanaged.
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Having a personal stake in the product is super important. We all want to build something great and we realizeat th we can't do it alone.
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If you have to offer equity to attract talent because they need a stake in your product, perhaps you need a better product. If the product is exciting enough, I’ll take a much lower offer if the company financials justify it. I’d probably writing OSS in that space anyway.
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