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A comment on 22-year-old builds chips in his parents’ garage. Parent comment

Re:22-year-old builds chips in his parents’ garage by whimsicalism on Sunday January 23, 2022 @12:21PM (#30048019)
Why should I, as a young person, support a policy intentionally punishing companies for competing over my labor power just to make it so I have to work for petit-bourgeois small tech companies that can't pay as much?
[ Parent | on HN ]
Re:22-year-old builds chips in his parents’ garage by brewdad on Sunday January 23, 2022 @12:33PM (#30048178)
Because that tax revenue has to come from somewhere. If it doesn't come from the corporations or the 1%, guess who gets the bill?

The 2-20%. Especially those who are W2 employees and have limited options for offsetting their taxable income.

[ Parent | on HN ]
Re:22-year-old builds chips in his parents’ garage by relaxing on Sunday January 23, 2022 @12:36PM (#30048217)
Because they’re no longer competing. They wield monopoly power that is anticompetitive, and it’s bad for everything else you value. (Assuming you value more than streaming media, two retailers, and ads.)
[ Parent | on HN ]
Re:22-year-old builds chips in his parents’ garage by whimsicalism on Sunday January 23, 2022 @12:54PM (#30048422)
They have monopoly power in the tech labor market? How so?
[ Parent | on HN ]
Re:22-year-old builds chips in his parents’ garage by relaxing on Sunday January 23, 2022 @01:07PM (#30048560)
Isn’t the collective wisdom around here that there’s no competing with FAANG when it comes to job offers?

And we know they’ve engaged in anticompetitive behavior among themselves when it comes to recruiting. I would be unsurprised to find out it still takes place.

But I think the point was monopoly power from their core products is the real issue, and that enables the astronomical salaries.

[ Parent | on HN ]
Re:22-year-old builds chips in his parents’ garage by resueman on Sunday January 23, 2022 @02:50PM (#30049795)
The point of anticompetitve behavior in the hiring market is to be able to pay less to get people.

The fact that they pay the highest prices for people means they sure suck at it.

[ Parent | on HN ]
Re:22-year-old builds chips in his parents’ garage by relaxing on Sunday January 23, 2022 @07:16PM (#30052123)
You don’t know the highest possible price.
[ Parent | on HN ]
Re:22-year-old builds chips in his parents’ garage by nicoburns on Sunday January 23, 2022 @12:36PM (#30048209)
Perhaps because you might want to live in a society where our economic activity is directed at activities which actually promote our collective wealth and wellbeing.
[ Parent | on HN ]