World News

35641 readers

648 users here now

News from around the world!

Rules:

Please only post links to actual news sources, no tabloid sites, etc
No NSFW content
No hate speech, bigotry, propaganda, etc

founded 5 years ago

MODERATORS

[email protected]

111

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

submitted 5 months ago by [email protected] to c/[email protected]

66 comments fedilink hide all child comments

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

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 25 points 5 months ago* (last edited 5 months 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.

[–] [email protected] 18 points 5 months 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

[–] [email protected] 21 points 5 months ago

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