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If Jim Cramer is spewing this, then the opposite must be try. That guy is a hack.

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The only thing you need to read/know about this Tech CEO "my world is falling apart" tantrum is this:

"moving to areas of the country where they can hire talented people for way less money — people who will have more loyalty to the business and accountability to the CEO, if only because they’ll have fewer options to jump ship.”

The CEO wants loyalty and lesser mobility for the workforce so that the hardworking people continue to remain under the thumb of some narcisstic fool who'd stick to their chair well past their retirement age filling up their coffers, while the rest continue to struggle to meet their professional and life goals. Yeah, keep trying Cramer and the gang.

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Tech leaders:

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Are tech companies making profit? If yes, this is about wanting to compensate employees less in order to make more profit.

This era of record breaking profits is made on the backs of consumers and employees.

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A lot of tech companies aren’t profitable though… not just small startups, but the likes of Uber, Docusign, and Square have never made money. 70-80% of these expenses are employee compensation, many of whom make >$200k.

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