Mike Lee on why he can charge $1,000/hr for iPhone development
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Re: Mike Lee on why he can charge $1,000/hr for iPhone development
#62Wow, he might be good at programming, but from his writing, he sure seems like a jerk (Zed Shaw's long lost twin?). I've known many professionals who, being very good at what they do, charge both less and more than $1k/hour, but none of them would ever mention their rate in public, much less feel the need to explain why they deserve it. On the other hand, this is great PR for software engineers: a couple more posts l…
I exchanged a few technical emails with him when he was just getting started on Mongrel (v1) and his replies were always friendly (as well as being relevant).
He's put a lot of code out there and the parts that I have used have been great.
Remember when Bear Stearns fell? He was leading some Rails project there at the time (IIRC) and he used his hacker media fame to get his team members new jobs before himself. No idea how that panned out, but that doesn't exactly sound like asshole behavior to me.
Yes I know he puts out rants from time to time. They make for fun and educational reading. As far as I'm concerned a good cathartic rant every now and again speaks for a person, though I wouldn't recommend everybody to go out and put it all online. (It seems to have worked wonders for Zed, though :).
Re: Mike Lee on why he can charge $1,000/hr for iPhone development
#63Earlier quoted context omitted.
I'm not so sure I would want to work with this guy, Zed Shaw on the other hand was one of the nicest people I've ever gotten an e-mail from
I met Zed in person a few months ago at a meetup. I had an awesome 45 min chat about everything technology. What a nice guy. I wish him all the best. Mike Lee's blog title is "motherfucker". From that alone you can derive what type of person you're about to do business with. Theres no question his experience and skills are incredible. Fact of the matter is there are other successful app developers who likely have a r…
Seems pretty damned shallow to me.
Re: Mike Lee on why he can charge $1,000/hr for iPhone development
#64That’s a little like hearing what Brad Pitt got paid for his last movie and wondering why the producer didn’t instead hire Brad Pitman for scale. Oh you’ve never heard of Brad Pitman? You’re not familiar with his work? But you are familiar with Brad Pitt’s work, right? After all, he’s an experienced actor and producer with not one, but two, Academy Award nominations and a portfolio full of household names. Bzzzt. Hor…
By claiming that he is charging a ridiculous per-hour rate, he is actually adding to this "stardom" :-).
Re: Mike Lee on why he can charge $1,000/hr for iPhone development
#65Re: Mike Lee on why he can charge $1,000/hr for iPhone development
#66I can't see any technical reason or understand why one would penalize NoScript users (like me).
Re: Mike Lee on why he can charge $1,000/hr for iPhone development
#67"im so great at coding because i've spent so little of my life doing it! that makes me better, qed" huh?
Re: Mike Lee on why he can charge $1,000/hr for iPhone development
#68If the best are 10x as productive as the mediocre, I don't see a problem with this. Of course, you might say that the $120 bulk of freelance programmers are already a notch above mediocre and maybe $500/hr is more reasonable, but whatever the market will bear. It's a good argument to cut top marginal tax rate so that he has an incentive to take more work than he's willing to at $500/hr after taxes (assuming he's in t…
Marginal tax rates being high is a great idea. I'd be with you if people with high salaries spent all, or virtually all, of their salary. But they don't. In this economy we need more money being spent. When things are doing well again, you could try to make a case for the rich being richer, but it's a strange cause to take up.
"The Pie Fallacy
A surprising number of people retain from childhood the idea that there is a fixed amount of wealth in the world. There is, in any normal family, a fixed amount of money at any moment. But that's not the same thing.
When wealth is talked about in this context, it is often described as a pie. "You can't make the pie larger," say politicians. When you're talking about the amount of money in one family's bank account, or the amount available to a government from one year's tax revenue, this is true. If one person gets more, someone else has to get less.
I can remember believing, as a child, that if a few rich people had all the money, it left less for everyone else. Many people seem to continue to believe something like this well into adulthood. This fallacy is usually there in the background when you hear someone talking about how x percent of the population have y percent of the wealth. If you plan to start a startup, then whether you realize it or not, you're planning to disprove the Pie Fallacy.
What leads people astray here is the abstraction of money. Money is not wealth. It's just something we use to move wealth around. So although there may be, in certain specific moments (like your family, this month) a fixed amount of money available to trade with other people for things you want, there is not a fixed amount of wealth in the world. You can make more wealth. Wealth has been getting created and destroyed (but on balance, created) for all of human history.
Suppose you own a beat-up old car. Instead of sitting on your butt next summer, you could spend the time restoring your car to pristine condition. In doing so you create wealth. The world is-- and you specifically are-- one pristine old car the richer. And not just in some metaphorical way. If you sell your car, you'll get more for it.
In restoring your old car you have made yourself richer. You haven't made anyone else poorer. So there is obviously not a fixed pie. And in fact, when you look at it this way, you wonder why anyone would think there was. [5]
Kids know, without knowing they know, that they can create wealth. If you need to give someone a present and don't have any money, you make one. But kids are so bad at making things that they consider home-made presents to be a distinct, inferior, sort of thing to store-bought ones-- a mere expression of the proverbial thought that counts. And indeed, the lumpy ashtrays we made for our parents did not have much of a resale market."
http://www.paulgraham.com/wealth.html
Taxes on wealth creation discourages it. (It may still, at least in the short term, be good for revenue)*
Re: Mike Lee on why he can charge $1,000/hr for iPhone development
#69Re: Mike Lee on why he can charge $1,000/hr for iPhone development
#70The Dunning–Kruger effect at work.