“Hohn is not factoring in the counterintuitive reason why Google and other tech companies pay software engineers total compensation packages of $300k to $800k. They are hoarding talent from their rivals and paying workers handsomely so there isn’t a motivation to quit and build a startup that will disrupt the status quo.”

Terrible reporting. I would like to see a proper financial analysis on whether hoarding or preventing competition makes financial sense. I think the hoarding idea is a crock of shit: https://news.ycombinator.com/item?id=24487744

Well, what do you think of ChatGPT as a product in the open market that challenges Google?