Benjamin Tan's avatar
Wage inflation indeed "Compared to the 20 largest United States tech companies, Alphabet paid its people 153% more than what competing firms offered their employees"

This partly explains why smaller, less prominent tech companies have to offer so much SBC to entice joiners. Who would otherwise want to join money-losing, less branded SaaS companies, when one could take up handsome offers from famous Google.

Heavy Moat Investments's avatar
@consumeowntech its a brutal arms race at the expense of investors.
Conor's avatar
Google has been reading Seeking Alpha

Author

Related