So while this is bad... I don't know how to feel about this. The other side of the coin is that these companies pay WAY ABOVE average salaries. I'm intimately familiar with this having FAANG companies average of 50% more compensation than average. Especially outside of the bay area. Typical range TC Sr. SDE in nyc: 150-250k + Bonus. Typical range TC for Sr. SDE in nyc: for Google/Facebook/Amazon 300-400k ( and goes h…
> So while this is bad... I don't know how to feel about this. Just to be clear: you are saying it's possibly ok for a cartel of billionaires to collude to suppress wages for a bunch of people making six figures? Because those employees have it "pretty good" and should be happy with what they're given, even though they are working to build world-historical fortunes and power for the business owners?
I don't think people really understand the gravity of those fortunes.
Jeff Bezos could now (in theory, at market prices) buy Tacoma, Washington.
As in buy every piece of real estate, private and public, all utilities and infrastructure.
A town of 200,000 people. One man could buy it all. The assessed property value for 2017 was just over $105B, including government-owned, plus wiggle room for other properties.
That "should not" be possible. Buying (or being able to buy, rather) a "mid sized urban city", as an individual.