alt Hacker NewsWhy are you excited for this? They’re not going to give YOU those peoples’ salaries. You will get none of it. In fact, it will drag your salary through the floor because of all the available talent.
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I'm very confused about this. Salary is only one portion of your total compensation. The vast majority of tech companies offer equity in a company. The two ways to increase the FMV of your equity is: increase your equity stake or increase the value of the total equity available. Hitting the same goals with fewer people means your run rate is lower, which increases the value of your equity (the FMV prices in lower COGS for the same revenue.) Also, keeping on staff often means you want to offer them increased equity stakes as an employment package. Letting staff go means more of that available equity pool is available to distribute to remaining employees.
We aren't fungible workers in a low skill industry. And if you find yourself working in a tech company without equity: just don't, leave. Either find a new tech company or do something else altogether.
I’m excited as a computer scientist to see it happening in my life time. I am not excited for the consequences once it’s played out. Hence my comment about retiring, and empathy for everyone who is still around once I do. I never got into this for the money - when I started engineers made about as much as accountants. It’s only post 1997 or so that it became “cool” and well paid. I am doing this because I love technology and what it can do and the science of computing. So in that regard it’s an amazing time to be here. But I am also sad to see the black box cover the beauty of it all.