Earlier quoted context omitted.
So stupid. If something has proved to be possible then you as number 2 can hire people from 1 to replicate it. China is built on this principle.
That would require paying more than competitors and that’s unacceptable to anyone except for the successful companies that commonly do just this. I’m serious about this point too. Eg. Intel pays less than half of what tsmc in Taiwan pays for similar jobs on a ppp basis after 20years of wage freezes and cuts at intel. They can’t poach any talent and investors want more layoffs and wage freezes next quarter to fix the…
https://www.indeed.com/cmp/Intel-Corporation/job-titles/Inte...
They unsurprisingly rate ‘very easy interview’ on glassdoor since they’d hire no one without lowering the bar significantly. I would never begrudge anyone working at these broken companies either fwiw. You just have to be aware it’s a job you have while looking for a reasonably paying job. If anyone wants a lesson in the core place the rot starts consider maybe there’s a reason intel is struggling to achieve what it’s much higher paying competitors achieve.
A very similar story plays out for GM, Boeing and the other rotting companies. Short term focus leading to non-competitiveness in the labor market leading to poorer results in all aspects. GM is not going to win this. They can’t due to a focus on production lines using minimum wage staff and applying that to knowledge work.