I think there’s a different reason, companies just aren’t paying enough. Wages, even at 150-200k just really aren’t that much. 200k now is a lot less than 200k in 2010. The younger generation intuitively knows this. I don’t know anyone jockeying to climb the corporate ladder, and my social circle spans Stanford grads to no college degree at all. People are starting businesses because working for a corporation day in and out is slavery, you never make enough money to escape the debt of your mortgage. Sure, some FAANG employees do, but the number is small, and with a family, 300k compensation still doesn’t cut it, you will be working forever.
People are getting “rich” from startups because they’re actually capturing the value of their labor, which I argue, used to happen at corporations.
People are getting “rich” from startups because they’re actually capturing the value of their labor, which I argue, used to happen at corporations.