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A comment on Netflix CEO explains why he pays technologists huge salaries. Parent comment

Re:Netflix CEO explains why he pays technologists huge salaries by lotsofpulp on Monday September 28, 2020 @02:29PM (#24619811)
Caviar is astronomically more expensive because it is both scarce AND people willing to buy it are able and willing to pay a high amount for it. Ability and willingness of buyers to pay is just as important as low supply.

If caviar was scarce, and the only people interested in buying it had no money, then it would simply be unavailable. Or maybe whatever little supply there is would sell for as much as the buyers could afford.

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Re:Netflix CEO explains why he pays technologists huge salaries by sammorrowdrums on Tuesday September 29, 2020 @02:56AM (#24624836)
Correct, that's what I meant by:

> It's true that some market forces and potential value of what is created are factors else nobody would pay for the premium

Although, amazingly demand can be manufactured to some extent (where potential demand has to exist of course). De Beers managed it with 'A Diamond Is Forever' where they managed to become the de facto engagement ring stone. Scarcity + good marketing does seem to be a magnet for the wealthy.

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