James Miller: Temperamentally, managers who get 50 times more from effective companies have the skills of very good engineers plus a whole separate skill set, also highly developed, as managers. Also, Managers paid 50 times more may be motivated not to leave for another company, but engineers paid 50 times more may, by temperament, be motivated to instead quite and dabble in programming for open-source projects. The market pays excellent managers with excellent engineering skills 50 times more than a typical engineer’s salary as start-up founders once they have saved a quarter to a half million from their salary to get a company started.
Oh yeah, also, actual geniuses are, almost by definition, VERY rare. Einstein’s market value was high, but there was no reason for his salary to be. The sort of thing he worked on wasn’t very valuable in the short term.
James Miller: Temperamentally, managers who get 50 times more from effective companies have the skills of very good engineers plus a whole separate skill set, also highly developed, as managers. Also, Managers paid 50 times more may be motivated not to leave for another company, but engineers paid 50 times more may, by temperament, be motivated to instead quite and dabble in programming for open-source projects. The market pays excellent managers with excellent engineering skills 50 times more than a typical engineer’s salary as start-up founders once they have saved a quarter to a half million from their salary to get a company started.
Oh yeah, also, actual geniuses are, almost by definition, VERY rare. Einstein’s market value was high, but there was no reason for his salary to be. The sort of thing he worked on wasn’t very valuable in the short term.