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

submitted 16 hours 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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[-] nohaybanda@hexbear.net 35 points 15 hours ago

Those perfidious Asiatics, offering competitive salaries to experienced engineers! Very anti-competitive. I know what we should do - we can quadruple down on harassing researchers and professionals with Chinese origins. Heck, anyone vaguely Asian will do.

[-] AernaLingus@hexbear.net 17 points 11 hours ago* (last edited 11 hours ago)

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.