8 votes

Tech salaries are risk premiums

6 comments

  1. [5]
    skybrian
    Link
    What if they're just guessing and nobody really knows who the good candidates are?

    What if they're just guessing and nobody really knows who the good candidates are?

    3 votes
    1. [4]
      teaearlgraycold
      Link Parent
      FAANG doesn't care. They'll find out who's good by hiring everyone above a lower-than-necessary bar and firing people who can't perform. They can afford to fire a large percentage of new employees...

      FAANG doesn't care. They'll find out who's good by hiring everyone above a lower-than-necessary bar and firing people who can't perform. They can afford to fire a large percentage of new employees within their first year.

      1 vote
      1. stu2b50
        Link Parent
        Whenever this comes up the inclusion of Netflix into the acronym becomes more and more noticable Netflix only hires senior devs, they are very selective and have a much leaner engineering team,...

        Whenever this comes up the inclusion of Netflix into the acronym becomes more and more noticable

        Netflix only hires senior devs, they are very selective and have a much leaner engineering team, and they're infamously or famously created a competitive environment. Netflix is a team, not a family, as in a team sport, and a professional sports team, not your HS one.

        They literally say you should not expect to work at Netflix your entire career. It's very likely you and your team, even if you're all amazing, to get axed at some point.

        Which is very, very different from Google, Facebook, Apple, and especially Amazon. Where tbh you can coast quite comfortably.

        2 votes
      2. [2]
        skybrian
        Link Parent
        Do you have evidence of this? If that were true at Google I think I would have noticed.

        Do you have evidence of this? If that were true at Google I think I would have noticed.

        2 votes
        1. teaearlgraycold
          Link Parent
          No, just rumblings from others in the bay area.

          No, just rumblings from others in the bay area.

  2. anahata
    Link
    An explanation of what a "risk premium" is would've been nice. We're not all economists.

    An explanation of what a "risk premium" is would've been nice. We're not all economists.

    5 votes