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Mike Moritz and the declining America worker

  1. Mike Moritz and the declining America worker
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    Danny Crichton
    TechCrunchJanuary 20, 2018
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    Storied Sequoia investor Mike Moritz threw fire into the tech Twitter gumbo with his observations of hard-working Chinese workers and slothful Silicon Valley engineers.

    The major money quote about Silicon Valley is this: “In recent months, there have been complaints about the political sensibilities of speakers invited to address a corporate audience; debates over the appropriate length of paternity leave or work-life balances; and grumbling about the need for a space for musical jam sessions. These seem like the concerns of a society that is becoming unhinged.”

    https://finance.yahoo.com/news/mike-moritz-declining-america-worker-201728861.html
     
  2. Silicon valley is approaching spengler's decadence.
     
  3. There is a noticeable drift of talent from Silicon Valley to...........China.
    Better deals being offered etc.
    For instance an average of $30m for a skilled engineer for a 3 year contract.
     
  4. instead of focusing on productivity, the US and particularly the Left is focusing on equality, diversity in the workforce and harassment of women in the the work place. equality at the extreme for the masses lads to starvation as in current day Venezuela.
     
  5. So much for man as a rational being! Subjectivity asserting itself violently as objectivity, its a 21st century religion. Makes a man yearn for the certainty of number$.
     
  6. I remember another obituary about America, its companies and its workers back in the late 1980s. Then it was Japan, its companies and the Japanese workers.:finger:
     
  7. Thanks for bringing that up, I remember it as well, they even made movies about it!
     
  8. Is that 30 million USD or Yuan? I'm going to have to call pure bullshit on USD, and you're going to have to be a very exceptional case to be getting over $1.5M/year USD anywhere in the world. I can count on one had the number of people I know who've moved to China from Silicon Valley and they were all intercompany transfers for U.S. companies engaging the China domestic market, not some kind of Silicon Valley refugee moving to greener pastures, that's just laughable. On the other hand, there is still significant movement from China to anywhere but China among the educated and successful class. Silicon Valley isn't going anywhere, with exhibit A for me being the already ridiculous housing market getting ever more ridiculous as more and more people with higher and higher incomes try to move there.
     
  9. C'mon now, we just going to ignore the debauchery of the 50's and 80's in white collar corporate America?
     
  10. I was thinking about the movie "Gung Ho" this evening when I was contemplating starting a mandatory calisthenics program at the factory.
     
  11. I'd like to see a logical argument supporting this opinion. Actually, a logical argument supporting this opinion of yours would astound me.
     
  12. May I suggest instead starting each day with 45 minutes of Yoga. Everyone will go through the day with renewed mental and physical energy, and feeling as though they have a spring in every joint.
     
  13. The object of automation should be to free us from the drudgery of mind numbing, physically disabling, repetitive tasks, so we can devote our time to pursuits uniquely suited to humans. We should be celebrating automation; not fearing it. A machine that can pluck, gut, clean, butcher, inspect and pack chickens at 10 deg. centigrade, 24 hours a day would be one of mankind's greatest achievements.
     
  14. You shouldn't use housing price as a proxy, because if you do, you are arguing that China (Beijing, Shanghai...), HK, Singapore are way way ahead of the US.
     
  15. The whoppiny $30m for a 3 year contract is Bloomberg's figures. Probably only for top people though, in AI.
    Yes it is that important. Invest or die. Perhaps we will see AI pistol packing cowboys on the range lol
     
  16. are you in a state of denial?
    the people of venezuela chose equality and now they are starving.
    (my original remark:
    instead of focusing on productivity, the US and particularly the Left is focusing on equality, diversity in the workforce and harassment of women in the the work place. equality at the extreme for the masses lads to starvation as in current day Venezuela.)
     
  17. I'd live to see that article. There is no way anyone is getting $10M/year USD cash compensation as a developer in China, AI expert or not. It very well could be that a couple people got stock options and they ended up being worth $30M after 3 years, or are "worth" $30M based on their last funding round, or they hope they'll be worth $30M after 3 years. That's a very different thing, heck if we're going on hope for options value I pay all my employees $10M/year too!
     
  18. Fair point!
     
  19. Two thoughts cross my mind here. 1) What do you mean by equality? equality of what?, and 2) I'm still waiting for a logical argument why equality should be highly correlated with poverty, as all I can think of are exceptions.