alt Hacker News> This is a really concerning perspective: people were paid what they were worth.
The parent comment doesn't discount that, only pointing out that "what they were worth" was inflated due to a speculative environment. Wherein lies your concern?
Replies
SirensOfTitan • yesterday at 2:01 PM
I think calling it inflated is to play to a narrative that labor was overvalued broadly in tech.
Salaries across industries in the US have remained flat since the 1970s. Calling the one sector that can provide access a middle class lifestyle inflated s to play into a narrative capital is eager to tell, even if OP didn't intend that.
➕ show 1 reply
That prices change from one point in time to another is a trivial fact.
“Inflated due to a speculative environment” is not an accurate way to frame labor prices that held for many years. At that point, the prices were simply high due to high demand relative to supply (compared to other types of labor).