If your firm cannot afford >= 400K salary engineers you will/cannot be big tech(not in the US). Good Engineers(in the US, EU etc) who command this will leave. You can be a dollar printing tech company and have good engineers but you can't be small. A lot of the economy and US tech dominance is alive because of such jobs and the larger ecosystem of evaluations(linked to GDP) that support this.
At the macro level the size of big tech is supported by evaluations: "How much it would cost to make the same thing?". This evaluation includes payroll costs. Those payroll costs are kept artificially high so that evaluations(in dollars) are high. the obscene salaries also keep the $ cost that companies charge for products, goods and services((daycare, medicine, labor, homes)) high which keep the evaluation high. You need the high evaluation to award Engineers wanting all those 400K+ salaries.
Also at this macro level the dollarized based evaluation is critical because with US's dollar dominance it can just spend to eliminate any and all competition. The government can borrow endlessly by selling debt(or so it seems).
So the key support thesis behind big tech is that if you can keep enough people, rich enough they will continue to buy and spend to support dollar evaluation of companies. The moment that is in jeopardy people(WS investors, Vice President of XYZ etc) will come out and defend it.
At the macro level the size of big tech is supported by evaluations: "How much it would cost to make the same thing?". This evaluation includes payroll costs. Those payroll costs are kept artificially high so that evaluations(in dollars) are high. the obscene salaries also keep the $ cost that companies charge for products, goods and services((daycare, medicine, labor, homes)) high which keep the evaluation high. You need the high evaluation to award Engineers wanting all those 400K+ salaries.
Also at this macro level the dollarized based evaluation is critical because with US's dollar dominance it can just spend to eliminate any and all competition. The government can borrow endlessly by selling debt(or so it seems).
So the key support thesis behind big tech is that if you can keep enough people, rich enough they will continue to buy and spend to support dollar evaluation of companies. The moment that is in jeopardy people(WS investors, Vice President of XYZ etc) will come out and defend it.