Thank you for pointing me to this -- apparently it's not so classic that I have read it already. ;-)
Since I assume you didn't write it, I won't go into a point-by-point rebuttal of the points raised in this piece, but in the interest of keeping up the debate I will mention a few things.
Like many who think along these lines, there is a base fallacy assumed here by the author, which is that absent discrimination, the distribution of tech workers will resemble the distribution of the larger population. Perhaps it is the classical liberal tradition (that "all men are created equal") that leads us to believe this, but there is no reason to believe that any slice of the population must reflect the broader whole, no matter the subject at hand. Over half of the players in the NFL are black and only 0.1% Asian, out of about 13% and 6% of the general population respectively. About four-fifths of all cab drivers in the US are male. Billions of people enjoy running around the world and many millions compete in it, but the Kalenjin of Kenya comprise a stupid number of those at the very top levels of distance running. It's entirely plausible that Chinese, Indians, and Vietnamese (as mentioned) enter the profession at higher rates and succeed at higher rates than other groups without involving a cabal that favors them over other groups, or indeed even personal biases for or against.
This isn't to say that personal biases don't exist and the numerous anecdotes of objectionable behavior encountered by individuals who don't fit the typical "tech bro" mold are invalid. But words like "discrimination" must be precisely defined, and I favor one where it means legal or policy-based exclusion or subjugation of certain groups, contrasted against personal biases ("racism" when it comes to ethnic groups, "sexism" in gender, etc.). When older folks get fewer callbacks from interviews or women are seen as girlfriends at tech conferences, that's personal biases at play, but it is not the same thing as being discriminated against. When you conflate the two you head down a dangerous path that we're treading as a society now, which is the tendency towards totalitarian control of people's thoughts; and this cost must be weighed against any benefit.
It's interesting that the author specifically mentions the Townsend-Greenspan firm vis-a-vis the gender pay gap among economists, because that was a very example of where capitalists motivated by profit took advantage of the fact that women were paid less for equal work, hired such women for slightly more than their competition while still getting the same output, thereby both raising women economists' wages and making out with a handsome profit. It's an argument for letting the market play out. (I do question why the firm dissolved when Greenspan was appointed Fed chairman, instead of continuing on with their more competitive labor.)
This is getting long, so I'll conclude by reiterating what I see as two very salient points from the essay: "The market is just humans. It's humans all the way down", and "We can fix this, if we stop assuming the market will fix it for us".
Yes, the market is humans all the way down. The beauty of free markets is that it leaves the decision-making to the individual humans involved, and not an enlightened group of elites who think they can fix it by meddling. History is littered with examples of people who thought they can "fix this" and ended up making it worse -- so much so that we have a saying about it.
If you're interested in exploring this angle more, I'd be happy to point you to a few works in the literature who have made the argument way more clearly than I ever could.
Why not? Having a company with multiple billions of dollars doesn't in itself produce any returns without high quality labor to work it, especially in competition against other such multi-billion dollar companies. It might not fail this quarter or next, but inevitably they'll be chased out, if in fact the recruiting practices lead to lower productivity.
That's fine. Considering the business Jane Street engages in is highly competitive (maybe even the most competitive in the world), if their hiring practices cause them to have lower productivity, the market will force them to correct their practices or go out of business.
In fact, historical evidence shows amply that the more competitive an industry, the less discrimination (of the sort that we talk about now, like on racial or ethnic grounds) is to be found; and the most regulated, monopolistic, or anti-competitive the field, the more such discrimination is found.
This type of solicitation is a dime a dozen, but I do find the name of the firm hilarious. Anyone who's had to make patch cables would recognize the name...
Interesting discussion. Take some of the districts shown in your source: NY-10, a Democratic district, is like half of Manhattan plus bits of Brooklyn. PA-13, a Republican district, is 98% rural Pennsylvania with some small towns thrown in.
Rural districts lean Republican, and urban districts lean Democratic. I'd wager that the bad indicators you mention are better explained by the rural/urban divide more so than political leanings. A central business district of a major city is going to have better economic growth, higher-skilled and more educated labor, and a host of other good indicators compared to farmland.
I agree there is correlation between dense urban areas (which are more likely to lean Democratic) having a higher GDP output and rural areas (which are more likely to lean Republican) having a lower GDP output. However, you would need to provide stronger evidence that there is any causality established there.
I'd say the causality runs the other way around: people in high density living situations (which for better or worse have been the primary driver of GDP growth since the industrial revolution) are amenable to more government regulation, simply by virtue of the problems caused by that same density -- people encounter "this is why we can't have nice things" kinds of situations, and want regulation to counter those, a lot more often when squeezed into big cities. Therefore those places lean Democratic in the US. The opposite applies for rural areas. I don't think you can claim that you could take a rural (and therefore Republican-leaning) area, turn the voters there Democratic, and cause economic growth to happen, without first turning it into a dense city.
Half of the top ten in that list cannot be called "extremely liberal" (or for some, even moderately liberal) -- Utah, Idaho, Nevada, Florida, and Arizona; even fewer in the next ten.
I don't disagree with you vis-a-vis the anti-tax sentiment, but you're making a strong claim that extremely liberal state government policies drive economies, and that's a reach.
Since I assume you didn't write it, I won't go into a point-by-point rebuttal of the points raised in this piece, but in the interest of keeping up the debate I will mention a few things.
Like many who think along these lines, there is a base fallacy assumed here by the author, which is that absent discrimination, the distribution of tech workers will resemble the distribution of the larger population. Perhaps it is the classical liberal tradition (that "all men are created equal") that leads us to believe this, but there is no reason to believe that any slice of the population must reflect the broader whole, no matter the subject at hand. Over half of the players in the NFL are black and only 0.1% Asian, out of about 13% and 6% of the general population respectively. About four-fifths of all cab drivers in the US are male. Billions of people enjoy running around the world and many millions compete in it, but the Kalenjin of Kenya comprise a stupid number of those at the very top levels of distance running. It's entirely plausible that Chinese, Indians, and Vietnamese (as mentioned) enter the profession at higher rates and succeed at higher rates than other groups without involving a cabal that favors them over other groups, or indeed even personal biases for or against.
This isn't to say that personal biases don't exist and the numerous anecdotes of objectionable behavior encountered by individuals who don't fit the typical "tech bro" mold are invalid. But words like "discrimination" must be precisely defined, and I favor one where it means legal or policy-based exclusion or subjugation of certain groups, contrasted against personal biases ("racism" when it comes to ethnic groups, "sexism" in gender, etc.). When older folks get fewer callbacks from interviews or women are seen as girlfriends at tech conferences, that's personal biases at play, but it is not the same thing as being discriminated against. When you conflate the two you head down a dangerous path that we're treading as a society now, which is the tendency towards totalitarian control of people's thoughts; and this cost must be weighed against any benefit.
It's interesting that the author specifically mentions the Townsend-Greenspan firm vis-a-vis the gender pay gap among economists, because that was a very example of where capitalists motivated by profit took advantage of the fact that women were paid less for equal work, hired such women for slightly more than their competition while still getting the same output, thereby both raising women economists' wages and making out with a handsome profit. It's an argument for letting the market play out. (I do question why the firm dissolved when Greenspan was appointed Fed chairman, instead of continuing on with their more competitive labor.)
This is getting long, so I'll conclude by reiterating what I see as two very salient points from the essay: "The market is just humans. It's humans all the way down", and "We can fix this, if we stop assuming the market will fix it for us".
Yes, the market is humans all the way down. The beauty of free markets is that it leaves the decision-making to the individual humans involved, and not an enlightened group of elites who think they can fix it by meddling. History is littered with examples of people who thought they can "fix this" and ended up making it worse -- so much so that we have a saying about it.
If you're interested in exploring this angle more, I'd be happy to point you to a few works in the literature who have made the argument way more clearly than I ever could.