But that wasn't even the point i was trying to make, merit is no longer rewarded since the expectation for a high salary is the baseline, hence it's not usual to see high burn rate in big corporations and highly valued startups, inflating everything up to the point where nobody can compete anymore unless you go hire in india/asia with the problems that comes with it (socioeconomics)
Check the various hiring posts from YC, it's telling
> then it will be difficult to attract smart people
That's a documented bullshit, with a high salary you don't attract "smart" people, you attract people attracted to the money
Look, a "smart people" contacted him to offer his help for bare minimum compensation; that defeats your point