this post was submitted on 27 Nov 2024

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China Is Bombarding Tech Talent With Job Offers. The West Is Freaking Out. (www.wsj.com)

submitted 1 day ago by schizoidman@lemm.ee to c/worldnews@lemmy.ml

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https://archive.ph/20241127093611/https://www.wsj.com/world/china-tech-poaching-job-offer-pay-raise-f8ceac5b

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[–] AernaLingus@hexbear.net 23 points 1 day ago* (last edited 1 day ago) (2 children)

I found this line very funny:

State funding for Chinese companies enables them to offer salaries beyond what Western companies can pay.

Source?

it-is-known

ASML made €8 billion in net income in 2023. TSMC, $30 billion (not Western, but mentioned in the same breath). I'm sure they could scrounge a few coins from under the couch cushions to match salaries if they wanted to.

[–] Collatz_problem@hexbear.net 19 points 1 day ago

But if they offered higher salaries, how would shareholders afford to buy their third yacht?

[–] nohaybanda@hexbear.net 16 points 1 day ago

So true, but also y’all did the Chips Act and some of the most heavy handed protectionism seen this century. The fuck you talking about