John Naughton | Anorak

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Whinging about salaries at tech companies is plain stupid

THIS does get depressing, vaunted media experts pronouncing on matters economic without actually understanding anything about economics. The Observer’s John Naughton wants us to get all upset about the way that these vast fortunes being made in hte tech comapniues only go to the entrepreneurs and the engineers. The average staff doing the average jobs just get the usual crap.

Well, yes, that’s how the system is supposed to work:

These vast revenues, however, are not being widely shared. Instead, they are mostly enriching the founders and shareholders of Apple, Amazon, Google, Facebook et al. Of course, those who work at the heart of these organisations – the engineers, developers and the executives who manage them, for example – are richly rewarded in salaries, stock options and lavish perks. But these gilded employees constitute only a minority of the workforces of the big tech companies and most of their colleagues have decidedly more mundane terms of employment – and remuneration.

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Posted: 19th, February 2013 | In: Money, Technology | Comment | Comments RSS feed:RSS 2.0