Hacker News Reader

Comment by randmeerkat | Hacker News Reader

> insufficient culture of loyalty

Loyalty in tech..? Have you not seen the layoffs? Employees are just a line item in someone’s cost center.

Quants and HFT developers are one of the best compensated people on Earth. I don't think that someone who's being paid over a million dollars a year to sit in a cubicle and write code should use the same rhetoric as 19th century factory workers.

Then you don't understand the relationship between capital, labour and being an employee vs employer. Yes, they are well-compensated, but they can still have their lives turned upside down by bosses. Granted, their life getting turned upside down probably means less front-row Knicks tickets and not choosing between paying a water bill and a power bill.

Best paid on Earth in the US. In other countries we're paid well but about average by ordinary Valley tech standards.

A lot of quants are objectively paid very well but not that well (at least pre layoffs) compared to some people who do comparatively little work in tech.

Good. Compensation should never be about the amount of work you do. It should be about your impact and market value.

I'm not necessarily blaming labor.

For example: a company that needs loyalty, but then does things like the layoffs we've seen recently (or earlier behavior consistent with that thinking), is creating insufficient culture of loyalty.

So many developers are fungible, it makes sense for everyone involved.

Reply on news.ycombinator.com