Concentration of High-Tech Workers Has Benefits – and Costs(nber.org)
nber.org
Concentration of High-Tech Workers Has Benefits – and Costs
https://www.nber.org/digest/202212/concentration-high-tech-workers-has-benefits-and-costs
8 comments
> The look of surprise on my coworker’s faces when they learned building maintenance doesn’t get RSUs.
I am inclined to call bs on this.
I am inclined to call bs on this.
My current employer has stock options and annual bonus for all employees. A previous employer did too.
There used to be fairly common stories of people who worked as receptionists or whatever becoming millionaires in IPOs because they'd received stock options so early in companies.
Building maintenance is often employed by someone other than the tenant of the building, but if they were employees of the company, I wouldn't be surprised if they were getting RSUs as part of their comp.
There used to be fairly common stories of people who worked as receptionists or whatever becoming millionaires in IPOs because they'd received stock options so early in companies.
Building maintenance is often employed by someone other than the tenant of the building, but if they were employees of the company, I wouldn't be surprised if they were getting RSUs as part of their comp.
I suspect being out of touch with everyday people has more to do with the kind of environment you’re living in than the size of the city.
For example, I suspect a high tech worker earning a high salary is far more likely to interact with average people living in an apartment building in NYC taking the subway (or even an Uber or yellow cab) to places, buying random stuff from the neighboring bodega and popping into the local dive under the building, then the same high tech worker living in the suburbs of a small town completely cut off from everybody except for the people they meet in the places they drive to, which will likely be a curated list of places where they’re more likely to come across like minded people.
For example, I suspect a high tech worker earning a high salary is far more likely to interact with average people living in an apartment building in NYC taking the subway (or even an Uber or yellow cab) to places, buying random stuff from the neighboring bodega and popping into the local dive under the building, then the same high tech worker living in the suburbs of a small town completely cut off from everybody except for the people they meet in the places they drive to, which will likely be a curated list of places where they’re more likely to come across like minded people.
The omitance of Third Places from our communities makes it harder for cross-socioeconomic mingling to happen also. Places like cafes, pubs, community clubs and public outdoor spaces. This is especially troublesome in suburbia, and not nearly as troublesome in somewhere like NYC, Paris, or Tokyo.
I think we simply forgot to accomodate for it in zoning and city planning. Where you have mixed commercial and residential zoning with public spaces it happens naturally in my experience.
I think we simply forgot to accomodate for it in zoning and city planning. Where you have mixed commercial and residential zoning with public spaces it happens naturally in my experience.
Playing team sorts I found to be a great way to take a different cross-section of life and develop semi-stable relationships over a long period of time. My adult baseball team had me, a doctor, a DJ, an auto body tech, a couple factory workers, a landscaper, a gym manager, a teacher, a cop, and a few other people who came in and out. I loved playing, but I also liked the different worlds intersecting aspect.
They define productivity as:
> Productivity gains — defined as the number of patents produced in a year
By that definition, patent trolls could be considered some of the most productive organizations?
By that definition, patent trolls could be considered some of the most productive organizations?
Funny thing, I just posted a tweet about my recent research on where are the good biotech hubs with low cost of living: https://twitter.com/pochekailov/status/1598088198995218437
I was hypothesizing similar conclusion as in the article.
I was hypothesizing similar conclusion as in the article.
The look of surprise on my coworker’s faces when they learned building maintenance doesn’t get RSUs.