Re:Developer won’t get hit by a bus, they’ll get hired by Ne...
by dijit on Tuesday August 11, 2020 @02:34PM
(#24124011)
I'd agree.
but as a contrapoint; in capitalism there's a trend of selling a product or service substantially below market rate as a way of gaining significant adoption, once you have significant adoption- you raise the price as best you can.
This is called: undercut, corner and squeeze.
Often this results in monopoly positions or at least significant leads which are hard to overcome. (Uber, is a famous example).
Obviously this is only possible with significant financial capital, which google have.
I can see how the undercutting analogy has synergies with overpaying for talent. It's worth making a loss on hiring me if it means that someone else doesn't get the (lesser) value of me.
but as a contrapoint; in capitalism there's a trend of selling a product or service substantially below market rate as a way of gaining significant adoption, once you have significant adoption- you raise the price as best you can.
This is called: undercut, corner and squeeze.
Often this results in monopoly positions or at least significant leads which are hard to overcome. (Uber, is a famous example).
Obviously this is only possible with significant financial capital, which google have.
I can see how the undercutting analogy has synergies with overpaying for talent. It's worth making a loss on hiring me if it means that someone else doesn't get the (lesser) value of me.