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When tech giants like Amazon expand, other companies don't just worry about losing business. They also fret about hanging on to their employees.
Some of the industries that have defined New York City and the Washington, D.C., area will face increased competition for talent when Amazon sets up shop in their territory, with plans to hire 50,000 new workers amid the tightest job market in decades.
The expansion comes at time of fierce demand for computer programmers, mobile app developers, data scientists and cybersecurity experts. Salaries keep rising as companies from banks to retailers seek new technology professionals to expand their online presence and automate operations. Particularly in demand are software developers, with many switching jobs each year. Even some banks have eased up on their dress codes to project a hipper image.
Good news, ye techies working on Wall Street! Soon you might be able to wear jeans and t-shirts to work.
(Score: 5, Insightful) by bzipitidoo on Tuesday November 20 2018, @11:38PM (1 child)
I have a different take on this.
The whining is hypocritical in the extreme when upper management rakes in obscene pay. I have zero sympathy for this whining and blind faith in the employment market so long as companies can somehow afford to compensate upper management with 7 figure or more annual pay. Upper management is sick with greed. And we know they do all they can to manipulate the employment market-- scream for more H1Bs, demand that schools train more engineers, collude with each other to blackball uppity job seekers, etc. Even in 2008 in the depths of the Great Recession with 25% unemployment, their whine machine was still vomiting up this propaganda that they just can't find enough good people. I read that the ratio of highest pay package to lowest used to be about 40 times, and now it's over 400 times.
(Score: 1, Interesting) by Anonymous Coward on Wednesday November 21 2018, @01:14AM
From one level of the corporate power tree to the one above or below, there is a pay difference that can be expressed as a percentage. The more levels you have, the bigger the difference between top and bottom.
There is no need to impose a price ceiling. The only thing required is to split the companies up. This has the nice side effect of breaking monopolies.