Party like it’s 1999!Posted: October 28, 2010
If Google wants to provide free servants to its employees, that’s fine by me. (Hey, I’m a happy GOOG shareholder.)
But we here at Inflation Watch would be remiss if we didn’t notice that something interesting is going on in the Silicon Valley labor market.
As Gawker reports:
Tech companies in recent months have reported a shortage of programmers as they snap up more and more talent. Google and Facebook are competing so fiercely over some engineers that half-million-dollar retention bonuses are not unheard of. And they’re not the only ones vying for talent; flush with venture capital, Twitter is on a hiring spree, as are Amazon, Foursquare, Zynga and other startups.
Hiring sprees? Free servants? Half-million dollar retention bonuses? Doesn’t sound like a deflationary spiral to me.