Step 1 For Sustainable Innovation: Stop Overpaying Employees, says Trip Hawkins | Hacker News Reader

Step 1 For Sustainable Innovation: Stop Overpaying Employees, says Trip Hawkins

xconomy.com

8 pointsrobertbud115 comments

So where are these employers that are over-paying employees.

Tip 4: form an illegal cartel among employers because salaries are cheaper under monopsony pricing.

I've heard that the North Carolina "Research Triangle" is a "company town" sort of place that works like that.

Step 2: Write article to convince your competitors to pay below the odds and refrain from poaching your best staff.

> 1. Stop overpaying employees. Jobs now have inflated value because most companies assume that everyone they employ or hire is above average, which is a mathematical impossibility.

That's just silly. Obviously not every company can beat "average", but if you are good at attracting and sizing up employees, then of course it's possible to put together a great team where everyone is beyond average. It gets harder the larger you get, but that's a long way from "Mathematical impossibility".

It's also silly because if employees were in fact paid on average more than they produce (more than they're worth), the company doing this would go broke rather quickly.

The "me, first" culture encourages too many job changes and companies are now codependent enablers

Silly old labor! Imagine the silliness of wanting to earn as much as you can by exchanging your time and skill for more money at place A rather than less money at place B!

Of course, management would never support a self-centered, "me first" culture... (move along now, nothing to see here...)

Step 2: Don't follow random advice that doesn't take into account the particulars of your situation.

Here, let me translate that into Hacker News English:

Don't go to work in the games industry.

I saw "Founder of EA" and thought "That explains a few things"

His other company mentioned there, 3D0 filed for bankruptcy in 2003.

That doesn't mean anything. That's what happens to most companies.

Sounds like my kind of place: "It may be a sweatshop, but at least I'm not overpaid!"

How about stop overpaying clueless shithead CEO's like this one?

This is like aged corporate manager porn. What a crock, lol

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