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Wait. Why is Reddit losing so much money?
(www.businessinsider.com)
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this post was submitted on 28 Feb 2024
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They're spending over 400mio a year on RnD. I was downvoted for stating this somewhere else, but tech workers are drastically overpaid and tech companies are structurally incapable of allocating resources properly.
I'm 100% sure, that reddit has a bunch of technologies, frameworks, components, that were developed inhouse for no other reason than a bunch of engineers trying to reinvent the wheel for the 100th time.
Why do you think tech workers are overpaid? I think other workers are underpaid.
Do you really think an engineer at Reddit or anywhere in the Valley generates as much value to society as a doctor?
I'm not even close to FAANG, and I earn twice as much as a nurse and slightly more than a doctor of my age. That's great for me, but I'm not worth that much. And tech workers in the USA earn even more relative to regular workers.
People aren't paid for contributing to society, they're paid to generate wealth for rich assholes. Doctors don't earn billionaires as many yachts.
And you just showed your incapability to distinguish between descriptive and normative.
The purpose of a system is what it does.
"Purpose" is the wrong category here.
I meant what I said.
Ah yes, a theorem that is so incredibly self-referential, that you could literally justify anything with it.
That's "it is what it is" for snobs.
Do you think I was justifying the way things are?
Interesting.