Re:Golden Handcuffs
by banannaise on Friday May 14, 2021 @12:24PM
(#27156040)
Labor supply is high because it is forced to be high, in a way that capital supply is not. Investors can stop investing and simply live on their hoards, or even a tiny fraction of their hoards. Laborers cannot stop laboring and do the same.
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That explanation seems off? (Anyone who has enough to live off of can just do that, witholding both their capital and their labor.)
But anyway I meant supply of labor for startups specifically. Like, people are too willing to forgo FAANG comp for low equity numbers at startups.