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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[-] 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.

[-] Collatz_problem@hexbear.net 12 points 11 hours ago

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

[-] nohaybanda@hexbear.net 10 points 11 hours 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

this post was submitted on 27 Nov 2024

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